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]
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.
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]
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
Date | Chamber | Action |
---|---|---|
2012-08-24 | Senate | Public Act . . . . . . . . . 97-1087 |
2012-08-24 | Senate | Effective Date August 24, 2012 |
2012-08-24 | Senate | Governor Approved |
2012-06-28 | Senate | Sent to the Governor |
2012-05-30 | Senate | Passed Both Houses |
2012-05-30 | Senate | House Floor Amendment No. 1 Senate Concurs 055-000-000 |
2012-05-29 | Senate | House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 006-000-000 |
2012-05-25 | Senate | House Floor Amendment No. 1 Motion to Concur Assignments Referred to Revenue |
2012-05-24 | Senate | House Floor Amendment No. 1 Motion to Concur Referred to Assignments |
2012-05-24 | Senate | House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon |
2012-05-23 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 24, 2012 |
2012-05-23 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 |
2012-05-23 | House | Third Reading - Short Debate - Passed 118-000-000 |
2012-05-23 | House | Added Alternate Chief Co-Sponsor Rep. John D'Amico |
2012-05-23 | House | Added Alternate Chief Co-Sponsor Rep. Sidney H. Mathias |
2012-05-21 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2012-05-21 | House | House Floor Amendment No. 1 Adopted by Voice Vote |
2012-05-21 | House | Second Reading - Short Debate |
2012-05-21 | House | Added Alternate Co-Sponsor Rep. Michelle Mussman |
2012-05-21 | House | Added Alternate Co-Sponsor Rep. Keith Farnham |
2012-05-21 | House | Added Alternate Co-Sponsor Rep. Lawrence M. Walsh, Jr. |
2012-05-15 | House | House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000 |
2012-05-11 | House | House Floor Amendment No. 1 Referred to Rules Committee |
2012-05-11 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski |
2012-05-07 | House | Added Alternate Co-Sponsor Rep. Elaine Nekritz |
2012-05-03 | House | Placed on Calendar 2nd Reading - Short Debate |
2012-05-03 | House | Do Pass / Short Debate Revenue & Finance Committee; 009-000-000 |
2012-04-26 | House | Remains in Revenue & Finance Committee |
2012-04-26 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000 |
2012-04-19 | House | Added Alternate Chief Co-Sponsor Rep. Fred Crespo |
2012-04-19 | House | Added Alternate Chief Co-Sponsor Rep. Carol A. Sente |
2012-04-16 | House | Assigned to Revenue & Finance Committee |
2012-03-29 | House | Referred to Rules Committee |
2012-03-29 | House | First Reading |
2012-03-29 | House | Placed on Calendar Order of First Reading |
2012-03-29 | House | Chief House Sponsor Rep. Michael J. Zalewski |
2012-03-29 | House | Arrived in House |
2012-03-29 | Senate | Third Reading - Passed; 057-000-000 |
2012-03-29 | Senate | Placed on Calendar Order of 3rd Reading |
2012-03-29 | Senate | Senate Floor Amendment No. 1 Adopted; Harmon |
2012-03-29 | Senate | Recalled to Second Reading |
2012-03-27 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 010-000-000 |
2012-03-06 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Revenue |
2012-03-05 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
2012-03-05 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
2012-02-27 | Senate | Placed on Calendar Order of 3rd Reading February 28, 2012 |
2012-02-27 | Senate | Second Reading |
2012-02-24 | Senate | Placed on Calendar Order of 2nd Reading February 27, 2012 |
2012-02-24 | Senate | Do Pass Revenue; 010-000-000 |
2012-02-17 | Senate | Assigned to Revenue |
2012-02-07 | Senate | Referred to Assignments |
2012-02-07 | Senate | First Reading |
2012-02-07 | Senate | Filed with Secretary by Sen. Don Harmon |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 18-190 | Amended Code | Citation Text |
35 | 200 | 18-205 | Amended Code | Citation Text |