Bill Title: Amends the Property Tax Extension Limitation Law of the Property Tax Code. Excludes from the definition of the term "aggregate extension" extensions made by a taxing district for contributions to a pension or retirement fund created under the Downstate Police, Downstate Fire, or IMRF Articles of the Illinois Pension Code for the first 5 taxable years after the taxing district first participates in such a system. Amends the Downstate Police and IMRF Articles of the Illinois Pension Code. Requires the referenda questions used to create a pension or retirement fund under the specified Articles to also authorize the levying of an annual tax for the purpose of participation in that fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die
[HB2975 Detail]
Bill Drafts
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| Introduced | Not Avail | HTML/Text | Link | View |
Amendments
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| No bill amendments currently on file for Illinois HB2975 |
Supplemental Documents
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| No supplemental documents for Illinois HB2975 currently on file. |
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