Illinois House Bill 5435 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-02-18 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Taxing Body Refinancing by Popular Vote Act. Provides that no taxing district may renew or refinance its indebtedness in a way that requires the extension of property taxes for the payment of debt service in a taxable year that is later than the taxable year in which the indebtedness would otherwise mature unless the question of such renewal or refinancing is submitted to the electors of the district at a regular election and approved by a majority of the electors voting on the question.

PROP TX-DEBT LEVY

Rep. Grant Wehrli [R]	Rep. Deanne Mazzochi [R]	Rep. Joe Sosnowski [R]	Rep. Amy Grant [R]
Rep. Lindsay Parkhurst [R]	Rep. Tom Weber [R]

Date	Chamber	Action
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Co-Sponsor Rep. Tom Weber
2020-02-14	House	Co-Sponsor Rep. Lindsay Parkhurst
2020-02-14	House	Chief Co-Sponsor Rep. Amy Grant
2020-02-14	House	Chief Co-Sponsor Rep. Joe Sosnowski
2020-02-14	House	Chief Co-Sponsor Rep. Deanne M. Mazzochi
2020-02-14	House	Filed with the Clerk by Rep. Grant Wehrli

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5435&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5435.htm