Bill Texts: IL HB4818 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a municipality that has not extended property taxes for any purpose for a continuous 5-year period immediately preceding the tax year of the initial levy may establish an initial levy without resort to referendum, but not to exceed an aggregate rate of 0.25% and further subject to the Truth in Taxation Law. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-08 - Session Sine Die [HB4818 Detail]

Bill Drafts

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Introduced2018-02-14HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB4818

Supplemental Documents

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No supplemental documents for Illinois HB4818 currently on file.

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