Bill Title: Amends the Property Tax Code. Provides that a taxing district may adopt a levy to recapture revenue lost due to refunds issued pursuant to a decision of the Property Tax Appeal Board, an assessment or exemption decision of the Department of Revenue, a court order, or an administrative decision of a local assessment official. Provides that those recapture levies are not included in the taxing district's aggregate extension base under the Property Tax Extension Limitation Law. Provides that any taxpayer who has received a refund that has been included in a recapture levy by one or more taxing districts has the right to an abatement in an amount equal to a portion of that refund amount, subject to certain limitations.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB4021 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2012-03-08	HTML/Text	Link	View
Amended	2012-03-02	HTML/Text	Link	View
Introduced	2012-01-19	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4021

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4021 currently on file.