Bill Title: Amends the Property Tax Code. Authorizes taxing districts to adopt a levy, without referendum approval, to recapture revenue lost by certain refunds. Exempts the recapture levy from the definition of "aggregate extension" in the Property Tax Extension Limitation Law. Allows a taxpayer who has received a refund to have a portion of the refund amount included in the extension of the district's recapture levy against his or her property abated. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB1772 Detail]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Edward Maloney [D]	Primary	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL SB1772