IL SB3314 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: Passed on August 24 2012 - 100% progression
Action: 2012-08-24 - Public Act . . . . . . . . . 97-1087
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the approximate amount of the tax extendable, as stated on the referendum question submitted to impose a new or increased limiting rate or increase the extension limitation, shall be calculated (i) without regard to any property tax exemptions and (ii) using an equalized assessed value calculated by multiplying the percentage level of assessment prescribed for such property by statute or by ordinance of the county board by the most recent final equalization factor certified to the county clerk by the Department of Revenue at the time the taxing district initiates the submission of the proposition to the electors. Effective immediately.

Tracking Information

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Title

PROP TX-EQUALIZATION FACTOR

Sponsors


Roll Calls

2012-05-30 - Senate - Concurrence in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2012-05-23 - House - Third Reading in House (Y: 118 N: 0 NV: 0 Abs: 0) [PASS]
2012-03-29 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2012-08-24SenatePublic Act . . . . . . . . . 97-1087
2012-08-24SenateEffective Date August 24, 2012
2012-08-24SenateGovernor Approved
2012-06-28SenateSent to the Governor
2012-05-30SenatePassed Both Houses
2012-05-30SenateHouse Floor Amendment No. 1 Senate Concurs 055-000-000
2012-05-29SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 006-000-000
2012-05-25SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Revenue
2012-05-24SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
2012-05-24SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
2012-05-23SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 24, 2012
2012-05-23SenateSecretary's Desk - Concurrence House Amendment(s) 1
2012-05-23HouseThird Reading - Short Debate - Passed 118-000-000
2012-05-23HouseAdded Alternate Chief Co-Sponsor Rep. John D'Amico
2012-05-23HouseAdded Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
2012-05-21HousePlaced on Calendar Order of 3rd Reading - Short Debate
2012-05-21HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
2012-05-21HouseSecond Reading - Short Debate
2012-05-21HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman
2012-05-21HouseAdded Alternate Co-Sponsor Rep. Keith Farnham
2012-05-21HouseAdded Alternate Co-Sponsor Rep. Lawrence M. Walsh, Jr.
2012-05-15HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
2012-05-11HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2012-05-11HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2012-05-07HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
2012-05-03HousePlaced on Calendar 2nd Reading - Short Debate
2012-05-03HouseDo Pass / Short Debate Revenue & Finance Committee; 009-000-000
2012-04-26HouseRemains in Revenue & Finance Committee
2012-04-26HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
2012-04-19HouseAdded Alternate Chief Co-Sponsor Rep. Fred Crespo
2012-04-19HouseAdded Alternate Chief Co-Sponsor Rep. Carol A. Sente
2012-04-16HouseAssigned to Revenue & Finance Committee
2012-03-29HouseReferred to Rules Committee
2012-03-29HouseFirst Reading
2012-03-29HousePlaced on Calendar Order of First Reading
2012-03-29HouseChief House Sponsor Rep. Michael J. Zalewski
2012-03-29HouseArrived in House
2012-03-29SenateThird Reading - Passed; 057-000-000
2012-03-29SenatePlaced on Calendar Order of 3rd Reading
2012-03-29SenateSenate Floor Amendment No. 1 Adopted; Harmon
2012-03-29SenateRecalled to Second Reading
2012-03-27SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 010-000-000
2012-03-06SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
2012-03-05SenateSenate Floor Amendment No. 1 Referred to Assignments
2012-03-05SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2012-02-27SenatePlaced on Calendar Order of 3rd Reading February 28, 2012
2012-02-27SenateSecond Reading
2012-02-24SenatePlaced on Calendar Order of 2nd Reading February 27, 2012
2012-02-24SenateDo Pass Revenue; 010-000-000
2012-02-17SenateAssigned to Revenue
2012-02-07SenateReferred to Assignments
2012-02-07SenateFirst Reading
2012-02-07SenateFiled with Secretary by Sen. Don Harmon

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520018-190Amended CodeCitation Text
3520018-205Amended CodeCitation Text

Illinois State Sources


Bill Comments

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