Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district may, by ordinance, specify a period of time during which it will suspend its extension for nursing home purposes. Provides that, for the first levy year in which that taxing district resumes its full extension for nursing home purposes, the district's aggregate extension base shall be calculated as if the district had used its maximum extension for nursing home purposes for the levy years during which the extension was suspended. Provides that a taxing district may recapture the amount that the district could have levied for nursing home purposes during the suspension period by passing an ordinance increasing its aggregate extension base for that purpose. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB0376 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-01-12	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2017-03-22	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0376 currently on file.

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