Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for tax years 2014 through 2016, the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters). Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2014-12-03 - Session Sine Die
[HB5552 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2014-02-13 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB5552 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB5552 currently on file. |
