100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3082

 

Introduced , by Rep. Fred Crespo

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-185
35 ILCS 200/18-205
30 ILCS 805/8.41 new

    Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a school district has reserves of 50% or more of its operating budget for a levy year, then, for the next levy year, for that school district, "extension limitation" means 0% or the rate of increase approved by the voters. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3082LRB100 10828 HLH 21061 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Sections 18-185 and 18-205 as follows:
 
6    (35 ILCS 200/18-185)
7    (Text of Section before amendment by P.A. 99-521)
8    Sec. 18-185. Short title; definitions. This Division 5 may
9be cited as the Property Tax Extension Limitation Law. As used
10in this Division 5:
11    "Consumer Price Index" means the Consumer Price Index for
12All Urban Consumers for all items published by the United
13States Department of Labor.
14    "Extension limitation" means, except as otherwise provided
15in this Section, (a) the lesser of 5% or the percentage
16increase in the Consumer Price Index during the 12-month
17calendar year preceding the levy year or (b) the rate of
18increase approved by voters under Section 18-205.
19    If, at a point in time designated by the State Board of
20Education by rule, any school district that is subject to this
21Law has reserves of 50% or more of its operating budget for a
22levy year, then, for that school district, for the next levy
23year, "extension limitation" means 0% or the rate of increase

 

 

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1approved by the voters under Section 18-205.
2    "Affected county" means a county of 3,000,000 or more
3inhabitants or a county contiguous to a county of 3,000,000 or
4more inhabitants.
5    "Taxing district" has the same meaning provided in Section
61-150, except as otherwise provided in this Section. For the
71991 through 1994 levy years only, "taxing district" includes
8only each non-home rule taxing district having the majority of
9its 1990 equalized assessed value within any county or counties
10contiguous to a county with 3,000,000 or more inhabitants.
11Beginning with the 1995 levy year, "taxing district" includes
12only each non-home rule taxing district subject to this Law
13before the 1995 levy year and each non-home rule taxing
14district not subject to this Law before the 1995 levy year
15having the majority of its 1994 equalized assessed value in an
16affected county or counties. Beginning with the levy year in
17which this Law becomes applicable to a taxing district as
18provided in Section 18-213, "taxing district" also includes
19those taxing districts made subject to this Law as provided in
20Section 18-213. Beginning in levy year 2017, "taxing district"
21also means any school district that had reserves of 50% or more
22of its operating budget at the point in time designated by the
23State Board of Education by rule.
24    "Aggregate extension" for taxing districts to which this
25Law applied before the 1995 levy year means the annual
26corporate extension for the taxing district and those special

 

 

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1purpose extensions that are made annually for the taxing
2district, excluding special purpose extensions: (a) made for
3the taxing district to pay interest or principal on general
4obligation bonds that were approved by referendum; (b) made for
5any taxing district to pay interest or principal on general
6obligation bonds issued before October 1, 1991; (c) made for
7any taxing district to pay interest or principal on bonds
8issued to refund or continue to refund those bonds issued
9before October 1, 1991; (d) made for any taxing district to pay
10interest or principal on bonds issued to refund or continue to
11refund bonds issued after October 1, 1991 that were approved by
12referendum; (e) made for any taxing district to pay interest or
13principal on revenue bonds issued before October 1, 1991 for
14payment of which a property tax levy or the full faith and
15credit of the unit of local government is pledged; however, a
16tax for the payment of interest or principal on those bonds
17shall be made only after the governing body of the unit of
18local government finds that all other sources for payment are
19insufficient to make those payments; (f) made for payments
20under a building commission lease when the lease payments are
21for the retirement of bonds issued by the commission before
22October 1, 1991, to pay for the building project; (g) made for
23payments due under installment contracts entered into before
24October 1, 1991; (h) made for payments of principal and
25interest on bonds issued under the Metropolitan Water
26Reclamation District Act to finance construction projects

 

 

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1initiated before October 1, 1991; (i) made for payments of
2principal and interest on limited bonds, as defined in Section
33 of the Local Government Debt Reform Act, in an amount not to
4exceed the debt service extension base less the amount in items
5(b), (c), (e), and (h) of this definition for non-referendum
6obligations, except obligations initially issued pursuant to
7referendum; (j) made for payments of principal and interest on
8bonds issued under Section 15 of the Local Government Debt
9Reform Act; (k) made by a school district that participates in
10the Special Education District of Lake County, created by
11special education joint agreement under Section 10-22.31 of the
12School Code, for payment of the school district's share of the
13amounts required to be contributed by the Special Education
14District of Lake County to the Illinois Municipal Retirement
15Fund under Article 7 of the Illinois Pension Code; the amount
16of any extension under this item (k) shall be certified by the
17school district to the county clerk; (l) made to fund expenses
18of providing joint recreational programs for persons with
19disabilities under Section 5-8 of the Park District Code or
20Section 11-95-14 of the Illinois Municipal Code; (m) made for
21temporary relocation loan repayment purposes pursuant to
22Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
23payment of principal and interest on any bonds issued under the
24authority of Section 17-2.2d of the School Code; (o) made for
25contributions to a firefighter's pension fund created under
26Article 4 of the Illinois Pension Code, to the extent of the

 

 

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1amount certified under item (5) of Section 4-134 of the
2Illinois Pension Code; and (p) made for road purposes in the
3first year after a township assumes the rights, powers, duties,
4assets, property, liabilities, obligations, and
5responsibilities of a road district abolished under the
6provisions of Section 6-133 of the Illinois Highway Code.
7    "Aggregate extension" for the taxing districts to which
8this Law did not apply before the 1995 levy year (except taxing
9districts subject to this Law in accordance with Section 18-213
10or this amendatory Act of the 100th General Assembly) means the
11annual corporate extension for the taxing district and those
12special purpose extensions that are made annually for the
13taxing district, excluding special purpose extensions: (a)
14made for the taxing district to pay interest or principal on
15general obligation bonds that were approved by referendum; (b)
16made for any taxing district to pay interest or principal on
17general obligation bonds issued before March 1, 1995; (c) made
18for any taxing district to pay interest or principal on bonds
19issued to refund or continue to refund those bonds issued
20before March 1, 1995; (d) made for any taxing district to pay
21interest or principal on bonds issued to refund or continue to
22refund bonds issued after March 1, 1995 that were approved by
23referendum; (e) made for any taxing district to pay interest or
24principal on revenue bonds issued before March 1, 1995 for
25payment of which a property tax levy or the full faith and
26credit of the unit of local government is pledged; however, a

 

 

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1tax for the payment of interest or principal on those bonds
2shall be made only after the governing body of the unit of
3local government finds that all other sources for payment are
4insufficient to make those payments; (f) made for payments
5under a building commission lease when the lease payments are
6for the retirement of bonds issued by the commission before
7March 1, 1995 to pay for the building project; (g) made for
8payments due under installment contracts entered into before
9March 1, 1995; (h) made for payments of principal and interest
10on bonds issued under the Metropolitan Water Reclamation
11District Act to finance construction projects initiated before
12October 1, 1991; (h-4) made for stormwater management purposes
13by the Metropolitan Water Reclamation District of Greater
14Chicago under Section 12 of the Metropolitan Water Reclamation
15District Act; (i) made for payments of principal and interest
16on limited bonds, as defined in Section 3 of the Local
17Government Debt Reform Act, in an amount not to exceed the debt
18service extension base less the amount in items (b), (c), and
19(e) of this definition for non-referendum obligations, except
20obligations initially issued pursuant to referendum and bonds
21described in subsection (h) of this definition; (j) made for
22payments of principal and interest on bonds issued under
23Section 15 of the Local Government Debt Reform Act; (k) made
24for payments of principal and interest on bonds authorized by
25Public Act 88-503 and issued under Section 20a of the Chicago
26Park District Act for aquarium or museum projects; (l) made for

 

 

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1payments of principal and interest on bonds authorized by
2Public Act 87-1191 or 93-601 and (i) issued pursuant to Section
321.2 of the Cook County Forest Preserve District Act, (ii)
4issued under Section 42 of the Cook County Forest Preserve
5District Act for zoological park projects, or (iii) issued
6under Section 44.1 of the Cook County Forest Preserve District
7Act for botanical gardens projects; (m) made pursuant to
8Section 34-53.5 of the School Code, whether levied annually or
9not; (n) made to fund expenses of providing joint recreational
10programs for persons with disabilities under Section 5-8 of the
11Park District Code or Section 11-95-14 of the Illinois
12Municipal Code; (o) made by the Chicago Park District for
13recreational programs for persons with disabilities under
14subsection (c) of Section 7.06 of the Chicago Park District
15Act; (p) made for contributions to a firefighter's pension fund
16created under Article 4 of the Illinois Pension Code, to the
17extent of the amount certified under item (5) of Section 4-134
18of the Illinois Pension Code; and (q) made by Ford Heights
19School District 169 under Section 17-9.02 of the School Code.
20    "Aggregate extension" for all taxing districts to which
21this Law applies in accordance with Section 18-213, except for
22those taxing districts subject to paragraph (2) of subsection
23(e) of Section 18-213, means the annual corporate extension for
24the taxing district and those special purpose extensions that
25are made annually for the taxing district, excluding special
26purpose extensions: (a) made for the taxing district to pay

 

 

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1interest or principal on general obligation bonds that were
2approved by referendum; (b) made for any taxing district to pay
3interest or principal on general obligation bonds issued before
4the date on which the referendum making this Law applicable to
5the taxing district is held; (c) made for any taxing district
6to pay interest or principal on bonds issued to refund or
7continue to refund those bonds issued before the date on which
8the referendum making this Law applicable to the taxing
9district is held; (d) made for any taxing district to pay
10interest or principal on bonds issued to refund or continue to
11refund bonds issued after the date on which the referendum
12making this Law applicable to the taxing district is held if
13the bonds were approved by referendum after the date on which
14the referendum making this Law applicable to the taxing
15district is held; (e) made for any taxing district to pay
16interest or principal on revenue bonds issued before the date
17on which the referendum making this Law applicable to the
18taxing district is held for payment of which a property tax
19levy or the full faith and credit of the unit of local
20government is pledged; however, a tax for the payment of
21interest or principal on those bonds shall be made only after
22the governing body of the unit of local government finds that
23all other sources for payment are insufficient to make those
24payments; (f) made for payments under a building commission
25lease when the lease payments are for the retirement of bonds
26issued by the commission before the date on which the

 

 

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1referendum making this Law applicable to the taxing district is
2held to pay for the building project; (g) made for payments due
3under installment contracts entered into before the date on
4which the referendum making this Law applicable to the taxing
5district is held; (h) made for payments of principal and
6interest on limited bonds, as defined in Section 3 of the Local
7Government Debt Reform Act, in an amount not to exceed the debt
8service extension base less the amount in items (b), (c), and
9(e) of this definition for non-referendum obligations, except
10obligations initially issued pursuant to referendum; (i) made
11for payments of principal and interest on bonds issued under
12Section 15 of the Local Government Debt Reform Act; (j) made
13for a qualified airport authority to pay interest or principal
14on general obligation bonds issued for the purpose of paying
15obligations due under, or financing airport facilities
16required to be acquired, constructed, installed or equipped
17pursuant to, contracts entered into before March 1, 1996 (but
18not including any amendments to such a contract taking effect
19on or after that date); (k) made to fund expenses of providing
20joint recreational programs for persons with disabilities
21under Section 5-8 of the Park District Code or Section 11-95-14
22of the Illinois Municipal Code; (l) made for contributions to a
23firefighter's pension fund created under Article 4 of the
24Illinois Pension Code, to the extent of the amount certified
25under item (5) of Section 4-134 of the Illinois Pension Code;
26and (m) made for the taxing district to pay interest or

 

 

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1principal on general obligation bonds issued pursuant to
2Section 19-3.10 of the School Code.
3    "Aggregate extension" for all taxing districts to which
4this Law applies in accordance with paragraph (2) of subsection
5(e) of Section 18-213 or this amendatory Act of the 100th
6General Assembly means the annual corporate extension for the
7taxing district and those special purpose extensions that are
8made annually for the taxing district, excluding special
9purpose extensions: (a) made for the taxing district to pay
10interest or principal on general obligation bonds that were
11approved by referendum; (b) made for any taxing district to pay
12interest or principal on general obligation bonds issued before
13the effective date of this amendatory Act of 1997; (c) made for
14any taxing district to pay interest or principal on bonds
15issued to refund or continue to refund those bonds issued
16before the effective date of this amendatory Act of 1997; (d)
17made for any taxing district to pay interest or principal on
18bonds issued to refund or continue to refund bonds issued after
19the effective date of this amendatory Act of 1997 if the bonds
20were approved by referendum after the effective date of this
21amendatory Act of 1997; (e) made for any taxing district to pay
22interest or principal on revenue bonds issued before the
23effective date of this amendatory Act of 1997 for payment of
24which a property tax levy or the full faith and credit of the
25unit of local government is pledged; however, a tax for the
26payment of interest or principal on those bonds shall be made

 

 

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1only after the governing body of the unit of local government
2finds that all other sources for payment are insufficient to
3make those payments; (f) made for payments under a building
4commission lease when the lease payments are for the retirement
5of bonds issued by the commission before the effective date of
6this amendatory Act of 1997 to pay for the building project;
7(g) made for payments due under installment contracts entered
8into before the effective date of this amendatory Act of 1997;
9(h) made for payments of principal and interest on limited
10bonds, as defined in Section 3 of the Local Government Debt
11Reform Act, in an amount not to exceed the debt service
12extension base less the amount in items (b), (c), and (e) of
13this definition for non-referendum obligations, except
14obligations initially issued pursuant to referendum; (i) made
15for payments of principal and interest on bonds issued under
16Section 15 of the Local Government Debt Reform Act; (j) made
17for a qualified airport authority to pay interest or principal
18on general obligation bonds issued for the purpose of paying
19obligations due under, or financing airport facilities
20required to be acquired, constructed, installed or equipped
21pursuant to, contracts entered into before March 1, 1996 (but
22not including any amendments to such a contract taking effect
23on or after that date); (k) made to fund expenses of providing
24joint recreational programs for persons with disabilities
25under Section 5-8 of the Park District Code or Section 11-95-14
26of the Illinois Municipal Code; and (l) made for contributions

 

 

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1to a firefighter's pension fund created under Article 4 of the
2Illinois Pension Code, to the extent of the amount certified
3under item (5) of Section 4-134 of the Illinois Pension Code.
4    "Debt service extension base" means an amount equal to that
5portion of the extension for a taxing district for the 1994
6levy year, or for those taxing districts subject to this Law in
7accordance with Section 18-213, except for those subject to
8paragraph (2) of subsection (e) of Section 18-213, for the levy
9year in which the referendum making this Law applicable to the
10taxing district is held, or for those taxing districts subject
11to this Law in accordance with paragraph (2) of subsection (e)
12of Section 18-213 for the 1996 levy year, constituting an
13extension for payment of principal and interest on bonds issued
14by the taxing district without referendum, but not including
15excluded non-referendum bonds. For park districts (i) that were
16first subject to this Law in 1991 or 1995 and (ii) whose
17extension for the 1994 levy year for the payment of principal
18and interest on bonds issued by the park district without
19referendum (but not including excluded non-referendum bonds)
20was less than 51% of the amount for the 1991 levy year
21constituting an extension for payment of principal and interest
22on bonds issued by the park district without referendum (but
23not including excluded non-referendum bonds), "debt service
24extension base" means an amount equal to that portion of the
25extension for the 1991 levy year constituting an extension for
26payment of principal and interest on bonds issued by the park

 

 

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1district without referendum (but not including excluded
2non-referendum bonds). A debt service extension base
3established or increased at any time pursuant to any provision
4of this Law, except Section 18-212, shall be increased each
5year commencing with the later of (i) the 2009 levy year or
6(ii) the first levy year in which this Law becomes applicable
7to the taxing district, by the lesser of 5% or the percentage
8increase in the Consumer Price Index during the 12-month
9calendar year preceding the levy year. The debt service
10extension base may be established or increased as provided
11under Section 18-212. "Excluded non-referendum bonds" means
12(i) bonds authorized by Public Act 88-503 and issued under
13Section 20a of the Chicago Park District Act for aquarium and
14museum projects; (ii) bonds issued under Section 15 of the
15Local Government Debt Reform Act; or (iii) refunding
16obligations issued to refund or to continue to refund
17obligations initially issued pursuant to referendum.
18    "Special purpose extensions" include, but are not limited
19to, extensions for levies made on an annual basis for
20unemployment and workers' compensation, self-insurance,
21contributions to pension plans, and extensions made pursuant to
22Section 6-601 of the Illinois Highway Code for a road
23district's permanent road fund whether levied annually or not.
24The extension for a special service area is not included in the
25aggregate extension.
26    "Aggregate extension base" means the taxing district's

 

 

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1last preceding aggregate extension as adjusted under Sections
218-135, 18-215, and 18-230. An adjustment under Section 18-135
3shall be made for the 2007 levy year and all subsequent levy
4years whenever one or more counties within which a taxing
5district is located (i) used estimated valuations or rates when
6extending taxes in the taxing district for the last preceding
7levy year that resulted in the over or under extension of
8taxes, or (ii) increased or decreased the tax extension for the
9last preceding levy year as required by Section 18-135(c).
10Whenever an adjustment is required under Section 18-135, the
11aggregate extension base of the taxing district shall be equal
12to the amount that the aggregate extension of the taxing
13district would have been for the last preceding levy year if
14either or both (i) actual, rather than estimated, valuations or
15rates had been used to calculate the extension of taxes for the
16last levy year, or (ii) the tax extension for the last
17preceding levy year had not been adjusted as required by
18subsection (c) of Section 18-135.
19    Notwithstanding any other provision of law, for levy year
202012, the aggregate extension base for West Northfield School
21District No. 31 in Cook County shall be $12,654,592.
22    "Levy year" has the same meaning as "year" under Section
231-155.
24    "New property" means (i) the assessed value, after final
25board of review or board of appeals action, of new improvements
26or additions to existing improvements on any parcel of real

 

 

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1property that increase the assessed value of that real property
2during the levy year multiplied by the equalization factor
3issued by the Department under Section 17-30, (ii) the assessed
4value, after final board of review or board of appeals action,
5of real property not exempt from real estate taxation, which
6real property was exempt from real estate taxation for any
7portion of the immediately preceding levy year, multiplied by
8the equalization factor issued by the Department under Section
917-30, including the assessed value, upon final stabilization
10of occupancy after new construction is complete, of any real
11property located within the boundaries of an otherwise or
12previously exempt military reservation that is intended for
13residential use and owned by or leased to a private corporation
14or other entity, (iii) in counties that classify in accordance
15with Section 4 of Article IX of the Illinois Constitution, an
16incentive property's additional assessed value resulting from
17a scheduled increase in the level of assessment as applied to
18the first year final board of review market value, and (iv) any
19increase in assessed value due to oil or gas production from an
20oil or gas well required to be permitted under the Hydraulic
21Fracturing Regulatory Act that was not produced in or accounted
22for during the previous levy year. In addition, the county
23clerk in a county containing a population of 3,000,000 or more
24shall include in the 1997 recovered tax increment value for any
25school district, any recovered tax increment value that was
26applicable to the 1995 tax year calculations.

 

 

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1    "Qualified airport authority" means an airport authority
2organized under the Airport Authorities Act and located in a
3county bordering on the State of Wisconsin and having a
4population in excess of 200,000 and not greater than 500,000.
5    "Recovered tax increment value" means, except as otherwise
6provided in this paragraph, the amount of the current year's
7equalized assessed value, in the first year after a
8municipality terminates the designation of an area as a
9redevelopment project area previously established under the
10Tax Increment Allocation Development Act in the Illinois
11Municipal Code, previously established under the Industrial
12Jobs Recovery Law in the Illinois Municipal Code, previously
13established under the Economic Development Project Area Tax
14Increment Act of 1995, or previously established under the
15Economic Development Area Tax Increment Allocation Act, of each
16taxable lot, block, tract, or parcel of real property in the
17redevelopment project area over and above the initial equalized
18assessed value of each property in the redevelopment project
19area. For the taxes which are extended for the 1997 levy year,
20the recovered tax increment value for a non-home rule taxing
21district that first became subject to this Law for the 1995
22levy year because a majority of its 1994 equalized assessed
23value was in an affected county or counties shall be increased
24if a municipality terminated the designation of an area in 1993
25as a redevelopment project area previously established under
26the Tax Increment Allocation Development Act in the Illinois

 

 

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1Municipal Code, previously established under the Industrial
2Jobs Recovery Law in the Illinois Municipal Code, or previously
3established under the Economic Development Area Tax Increment
4Allocation Act, by an amount equal to the 1994 equalized
5assessed value of each taxable lot, block, tract, or parcel of
6real property in the redevelopment project area over and above
7the initial equalized assessed value of each property in the
8redevelopment project area. In the first year after a
9municipality removes a taxable lot, block, tract, or parcel of
10real property from a redevelopment project area established
11under the Tax Increment Allocation Development Act in the
12Illinois Municipal Code, the Industrial Jobs Recovery Law in
13the Illinois Municipal Code, or the Economic Development Area
14Tax Increment Allocation Act, "recovered tax increment value"
15means the amount of the current year's equalized assessed value
16of each taxable lot, block, tract, or parcel of real property
17removed from the redevelopment project area over and above the
18initial equalized assessed value of that real property before
19removal from the redevelopment project area.
20    Except as otherwise provided in this Section, "limiting
21rate" means a fraction the numerator of which is the last
22preceding aggregate extension base times an amount equal to one
23plus the extension limitation defined in this Section and the
24denominator of which is the current year's equalized assessed
25value of all real property in the territory under the
26jurisdiction of the taxing district during the prior levy year.

 

 

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1For those taxing districts that reduced their aggregate
2extension for the last preceding levy year, the highest
3aggregate extension in any of the last 3 preceding levy years
4shall be used for the purpose of computing the limiting rate.
5The denominator shall not include new property or the recovered
6tax increment value. If a new rate, a rate decrease, or a
7limiting rate increase has been approved at an election held
8after March 21, 2006, then (i) the otherwise applicable
9limiting rate shall be increased by the amount of the new rate
10or shall be reduced by the amount of the rate decrease, as the
11case may be, or (ii) in the case of a limiting rate increase,
12the limiting rate shall be equal to the rate set forth in the
13proposition approved by the voters for each of the years
14specified in the proposition, after which the limiting rate of
15the taxing district shall be calculated as otherwise provided.
16In the case of a taxing district that obtained referendum
17approval for an increased limiting rate on March 20, 2012, the
18limiting rate for tax year 2012 shall be the rate that
19generates the approximate total amount of taxes extendable for
20that tax year, as set forth in the proposition approved by the
21voters; this rate shall be the final rate applied by the county
22clerk for the aggregate of all capped funds of the district for
23tax year 2012.
24(Source: P.A. 98-6, eff. 3-29-13; 98-23, eff. 6-17-13; 99-143,
25eff. 7-27-15.)
 

 

 

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1    (Text of Section after amendment by P.A. 99-521)
2    Sec. 18-185. Short title; definitions. This Division 5 may
3be cited as the Property Tax Extension Limitation Law. As used
4in this Division 5:
5    "Consumer Price Index" means the Consumer Price Index for
6All Urban Consumers for all items published by the United
7States Department of Labor.
8    "Extension limitation" means, except as otherwise provided
9in this Section, (a) the lesser of 5% or the percentage
10increase in the Consumer Price Index during the 12-month
11calendar year preceding the levy year or (b) the rate of
12increase approved by voters under Section 18-205.
13    If, at a point in time designated by the State Board of
14Education by rule, any school district that is subject to this
15Law has reserves of 50% or more of its operating budget for a
16levy year, then, for that school district, for the next levy
17year, "extension limitation" means 0% or the rate of increase
18approved by the voters under Section 18-205.
19    "Affected county" means a county of 3,000,000 or more
20inhabitants or a county contiguous to a county of 3,000,000 or
21more inhabitants.
22    "Taxing district" has the same meaning provided in Section
231-150, except as otherwise provided in this Section. For the
241991 through 1994 levy years only, "taxing district" includes
25only each non-home rule taxing district having the majority of
26its 1990 equalized assessed value within any county or counties

 

 

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1contiguous to a county with 3,000,000 or more inhabitants.
2Beginning with the 1995 levy year, "taxing district" includes
3only each non-home rule taxing district subject to this Law
4before the 1995 levy year and each non-home rule taxing
5district not subject to this Law before the 1995 levy year
6having the majority of its 1994 equalized assessed value in an
7affected county or counties. Beginning with the levy year in
8which this Law becomes applicable to a taxing district as
9provided in Section 18-213, "taxing district" also includes
10those taxing districts made subject to this Law as provided in
11Section 18-213. Beginning in levy year 2017, "taxing district"
12also means any school district that had reserves of 50% or more
13of its operating budget at the point in time designated by the
14State Board of Education by rule.
15    "Aggregate extension" for taxing districts to which this
16Law applied before the 1995 levy year means the annual
17corporate extension for the taxing district and those special
18purpose extensions that are made annually for the taxing
19district, excluding special purpose extensions: (a) made for
20the taxing district to pay interest or principal on general
21obligation bonds that were approved by referendum; (b) made for
22any taxing district to pay interest or principal on general
23obligation bonds issued before October 1, 1991; (c) made for
24any taxing district to pay interest or principal on bonds
25issued to refund or continue to refund those bonds issued
26before October 1, 1991; (d) made for any taxing district to pay

 

 

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1interest or principal on bonds issued to refund or continue to
2refund bonds issued after October 1, 1991 that were approved by
3referendum; (e) made for any taxing district to pay interest or
4principal on revenue bonds issued before October 1, 1991 for
5payment of which a property tax levy or the full faith and
6credit of the unit of local government is pledged; however, a
7tax for the payment of interest or principal on those bonds
8shall be made only after the governing body of the unit of
9local government finds that all other sources for payment are
10insufficient to make those payments; (f) made for payments
11under a building commission lease when the lease payments are
12for the retirement of bonds issued by the commission before
13October 1, 1991, to pay for the building project; (g) made for
14payments due under installment contracts entered into before
15October 1, 1991; (h) made for payments of principal and
16interest on bonds issued under the Metropolitan Water
17Reclamation District Act to finance construction projects
18initiated before October 1, 1991; (i) made for payments of
19principal and interest on limited bonds, as defined in Section
203 of the Local Government Debt Reform Act, in an amount not to
21exceed the debt service extension base less the amount in items
22(b), (c), (e), and (h) of this definition for non-referendum
23obligations, except obligations initially issued pursuant to
24referendum; (j) made for payments of principal and interest on
25bonds issued under Section 15 of the Local Government Debt
26Reform Act; (k) made by a school district that participates in

 

 

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1the Special Education District of Lake County, created by
2special education joint agreement under Section 10-22.31 of the
3School Code, for payment of the school district's share of the
4amounts required to be contributed by the Special Education
5District of Lake County to the Illinois Municipal Retirement
6Fund under Article 7 of the Illinois Pension Code; the amount
7of any extension under this item (k) shall be certified by the
8school district to the county clerk; (l) made to fund expenses
9of providing joint recreational programs for persons with
10disabilities under Section 5-8 of the Park District Code or
11Section 11-95-14 of the Illinois Municipal Code; (m) made for
12temporary relocation loan repayment purposes pursuant to
13Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
14payment of principal and interest on any bonds issued under the
15authority of Section 17-2.2d of the School Code; (o) made for
16contributions to a firefighter's pension fund created under
17Article 4 of the Illinois Pension Code, to the extent of the
18amount certified under item (5) of Section 4-134 of the
19Illinois Pension Code; and (p) made for road purposes in the
20first year after a township assumes the rights, powers, duties,
21assets, property, liabilities, obligations, and
22responsibilities of a road district abolished under the
23provisions of Section 6-133 of the Illinois Highway Code.
24    "Aggregate extension" for the taxing districts to which
25this Law did not apply before the 1995 levy year (except taxing
26districts subject to this Law in accordance with Section 18-213

 

 

HB3082- 23 -LRB100 10828 HLH 21061 b

1or this amendatory Act of the 100th General Assembly) means the
2annual corporate extension for the taxing district and those
3special purpose extensions that are made annually for the
4taxing district, excluding special purpose extensions: (a)
5made for the taxing district to pay interest or principal on
6general obligation bonds that were approved by referendum; (b)
7made for any taxing district to pay interest or principal on
8general obligation bonds issued before March 1, 1995; (c) made
9for any taxing district to pay interest or principal on bonds
10issued to refund or continue to refund those bonds issued
11before March 1, 1995; (d) made for any taxing district to pay
12interest or principal on bonds issued to refund or continue to
13refund bonds issued after March 1, 1995 that were approved by
14referendum; (e) made for any taxing district to pay interest or
15principal on revenue bonds issued before March 1, 1995 for
16payment of which a property tax levy or the full faith and
17credit of the unit of local government is pledged; however, a
18tax for the payment of interest or principal on those bonds
19shall be made only after the governing body of the unit of
20local government finds that all other sources for payment are
21insufficient to make those payments; (f) made for payments
22under a building commission lease when the lease payments are
23for the retirement of bonds issued by the commission before
24March 1, 1995 to pay for the building project; (g) made for
25payments due under installment contracts entered into before
26March 1, 1995; (h) made for payments of principal and interest

 

 

HB3082- 24 -LRB100 10828 HLH 21061 b

1on bonds issued under the Metropolitan Water Reclamation
2District Act to finance construction projects initiated before
3October 1, 1991; (h-4) made for stormwater management purposes
4by the Metropolitan Water Reclamation District of Greater
5Chicago under Section 12 of the Metropolitan Water Reclamation
6District Act; (i) made for payments of principal and interest
7on limited bonds, as defined in Section 3 of the Local
8Government Debt Reform Act, in an amount not to exceed the debt
9service extension base less the amount in items (b), (c), and
10(e) of this definition for non-referendum obligations, except
11obligations initially issued pursuant to referendum and bonds
12described in subsection (h) of this definition; (j) made for
13payments of principal and interest on bonds issued under
14Section 15 of the Local Government Debt Reform Act; (k) made
15for payments of principal and interest on bonds authorized by
16Public Act 88-503 and issued under Section 20a of the Chicago
17Park District Act for aquarium or museum projects; (l) made for
18payments of principal and interest on bonds authorized by
19Public Act 87-1191 or 93-601 and (i) issued pursuant to Section
2021.2 of the Cook County Forest Preserve District Act, (ii)
21issued under Section 42 of the Cook County Forest Preserve
22District Act for zoological park projects, or (iii) issued
23under Section 44.1 of the Cook County Forest Preserve District
24Act for botanical gardens projects; (m) made pursuant to
25Section 34-53.5 of the School Code, whether levied annually or
26not; (n) made to fund expenses of providing joint recreational

 

 

HB3082- 25 -LRB100 10828 HLH 21061 b

1programs for persons with disabilities under Section 5-8 of the
2Park District Code or Section 11-95-14 of the Illinois
3Municipal Code; (o) made by the Chicago Park District for
4recreational programs for persons with disabilities under
5subsection (c) of Section 7.06 of the Chicago Park District
6Act; (p) made for contributions to a firefighter's pension fund
7created under Article 4 of the Illinois Pension Code, to the
8extent of the amount certified under item (5) of Section 4-134
9of the Illinois Pension Code; (q) made by Ford Heights School
10District 169 under Section 17-9.02 of the School Code; and (r)
11made for the purpose of making employer contributions to the
12Public School Teachers' Pension and Retirement Fund of Chicago
13under Section 34-53 of the School Code.
14    "Aggregate extension" for all taxing districts to which
15this Law applies in accordance with Section 18-213, except for
16those taxing districts subject to paragraph (2) of subsection
17(e) of Section 18-213, means the annual corporate extension for
18the taxing district and those special purpose extensions that
19are made annually for the taxing district, excluding special
20purpose extensions: (a) made for the taxing district to pay
21interest or principal on general obligation bonds that were
22approved by referendum; (b) made for any taxing district to pay
23interest or principal on general obligation bonds issued before
24the date on which the referendum making this Law applicable to
25the taxing district is held; (c) made for any taxing district
26to pay interest or principal on bonds issued to refund or

 

 

HB3082- 26 -LRB100 10828 HLH 21061 b

1continue to refund those bonds issued before the date on which
2the referendum making this Law applicable to the taxing
3district is held; (d) made for any taxing district to pay
4interest or principal on bonds issued to refund or continue to
5refund bonds issued after the date on which the referendum
6making this Law applicable to the taxing district is held if
7the bonds were approved by referendum after the date on which
8the referendum making this Law applicable to the taxing
9district is held; (e) made for any taxing district to pay
10interest or principal on revenue bonds issued before the date
11on which the referendum making this Law applicable to the
12taxing district is held for payment of which a property tax
13levy or the full faith and credit of the unit of local
14government is pledged; however, a tax for the payment of
15interest or principal on those bonds shall be made only after
16the governing body of the unit of local government finds that
17all other sources for payment are insufficient to make those
18payments; (f) made for payments under a building commission
19lease when the lease payments are for the retirement of bonds
20issued by the commission before the date on which the
21referendum making this Law applicable to the taxing district is
22held to pay for the building project; (g) made for payments due
23under installment contracts entered into before the date on
24which the referendum making this Law applicable to the taxing
25district is held; (h) made for payments of principal and
26interest on limited bonds, as defined in Section 3 of the Local

 

 

HB3082- 27 -LRB100 10828 HLH 21061 b

1Government Debt Reform Act, in an amount not to exceed the debt
2service extension base less the amount in items (b), (c), and
3(e) of this definition for non-referendum obligations, except
4obligations initially issued pursuant to referendum; (i) made
5for payments of principal and interest on bonds issued under
6Section 15 of the Local Government Debt Reform Act; (j) made
7for a qualified airport authority to pay interest or principal
8on general obligation bonds issued for the purpose of paying
9obligations due under, or financing airport facilities
10required to be acquired, constructed, installed or equipped
11pursuant to, contracts entered into before March 1, 1996 (but
12not including any amendments to such a contract taking effect
13on or after that date); (k) made to fund expenses of providing
14joint recreational programs for persons with disabilities
15under Section 5-8 of the Park District Code or Section 11-95-14
16of the Illinois Municipal Code; (l) made for contributions to a
17firefighter's pension fund created under Article 4 of the
18Illinois Pension Code, to the extent of the amount certified
19under item (5) of Section 4-134 of the Illinois Pension Code;
20and (m) made for the taxing district to pay interest or
21principal on general obligation bonds issued pursuant to
22Section 19-3.10 of the School Code.
23    "Aggregate extension" for all taxing districts to which
24this Law applies in accordance with paragraph (2) of subsection
25(e) of Section 18-213 or this amendatory Act of the 100th
26General Assembly means the annual corporate extension for the

 

 

HB3082- 28 -LRB100 10828 HLH 21061 b

1taxing district and those special purpose extensions that are
2made annually for the taxing district, excluding special
3purpose extensions: (a) made for the taxing district to pay
4interest or principal on general obligation bonds that were
5approved by referendum; (b) made for any taxing district to pay
6interest or principal on general obligation bonds issued before
7the effective date of this amendatory Act of 1997; (c) made for
8any taxing district to pay interest or principal on bonds
9issued to refund or continue to refund those bonds issued
10before the effective date of this amendatory Act of 1997; (d)
11made for any taxing district to pay interest or principal on
12bonds issued to refund or continue to refund bonds issued after
13the effective date of this amendatory Act of 1997 if the bonds
14were approved by referendum after the effective date of this
15amendatory Act of 1997; (e) made for any taxing district to pay
16interest or principal on revenue bonds issued before the
17effective date of this amendatory Act of 1997 for payment of
18which a property tax levy or the full faith and credit of the
19unit of local government is pledged; however, a tax for the
20payment of interest or principal on those bonds shall be made
21only after the governing body of the unit of local government
22finds that all other sources for payment are insufficient to
23make those payments; (f) made for payments under a building
24commission lease when the lease payments are for the retirement
25of bonds issued by the commission before the effective date of
26this amendatory Act of 1997 to pay for the building project;

 

 

HB3082- 29 -LRB100 10828 HLH 21061 b

1(g) made for payments due under installment contracts entered
2into before the effective date of this amendatory Act of 1997;
3(h) made for payments of principal and interest on limited
4bonds, as defined in Section 3 of the Local Government Debt
5Reform Act, in an amount not to exceed the debt service
6extension base less the amount in items (b), (c), and (e) of
7this definition for non-referendum obligations, except
8obligations initially issued pursuant to referendum; (i) made
9for payments of principal and interest on bonds issued under
10Section 15 of the Local Government Debt Reform Act; (j) made
11for a qualified airport authority to pay interest or principal
12on general obligation bonds issued for the purpose of paying
13obligations due under, or financing airport facilities
14required to be acquired, constructed, installed or equipped
15pursuant to, contracts entered into before March 1, 1996 (but
16not including any amendments to such a contract taking effect
17on or after that date); (k) made to fund expenses of providing
18joint recreational programs for persons with disabilities
19under Section 5-8 of the Park District Code or Section 11-95-14
20of the Illinois Municipal Code; and (l) made for contributions
21to a firefighter's pension fund created under Article 4 of the
22Illinois Pension Code, to the extent of the amount certified
23under item (5) of Section 4-134 of the Illinois Pension Code.
24    "Debt service extension base" means an amount equal to that
25portion of the extension for a taxing district for the 1994
26levy year, or for those taxing districts subject to this Law in

 

 

HB3082- 30 -LRB100 10828 HLH 21061 b

1accordance with Section 18-213, except for those subject to
2paragraph (2) of subsection (e) of Section 18-213, for the levy
3year in which the referendum making this Law applicable to the
4taxing district is held, or for those taxing districts subject
5to this Law in accordance with paragraph (2) of subsection (e)
6of Section 18-213 for the 1996 levy year, constituting an
7extension for payment of principal and interest on bonds issued
8by the taxing district without referendum, but not including
9excluded non-referendum bonds. For park districts (i) that were
10first subject to this Law in 1991 or 1995 and (ii) whose
11extension for the 1994 levy year for the payment of principal
12and interest on bonds issued by the park district without
13referendum (but not including excluded non-referendum bonds)
14was less than 51% of the amount for the 1991 levy year
15constituting an extension for payment of principal and interest
16on bonds issued by the park district without referendum (but
17not including excluded non-referendum bonds), "debt service
18extension base" means an amount equal to that portion of the
19extension for the 1991 levy year constituting an extension for
20payment of principal and interest on bonds issued by the park
21district without referendum (but not including excluded
22non-referendum bonds). A debt service extension base
23established or increased at any time pursuant to any provision
24of this Law, except Section 18-212, shall be increased each
25year commencing with the later of (i) the 2009 levy year or
26(ii) the first levy year in which this Law becomes applicable

 

 

HB3082- 31 -LRB100 10828 HLH 21061 b

1to the taxing district, by the lesser of 5% or the percentage
2increase in the Consumer Price Index during the 12-month
3calendar year preceding the levy year. The debt service
4extension base may be established or increased as provided
5under Section 18-212. "Excluded non-referendum bonds" means
6(i) bonds authorized by Public Act 88-503 and issued under
7Section 20a of the Chicago Park District Act for aquarium and
8museum projects; (ii) bonds issued under Section 15 of the
9Local Government Debt Reform Act; or (iii) refunding
10obligations issued to refund or to continue to refund
11obligations initially issued pursuant to referendum.
12    "Special purpose extensions" include, but are not limited
13to, extensions for levies made on an annual basis for
14unemployment and workers' compensation, self-insurance,
15contributions to pension plans, and extensions made pursuant to
16Section 6-601 of the Illinois Highway Code for a road
17district's permanent road fund whether levied annually or not.
18The extension for a special service area is not included in the
19aggregate extension.
20    "Aggregate extension base" means the taxing district's
21last preceding aggregate extension as adjusted under Sections
2218-135, 18-215, and 18-230. An adjustment under Section 18-135
23shall be made for the 2007 levy year and all subsequent levy
24years whenever one or more counties within which a taxing
25district is located (i) used estimated valuations or rates when
26extending taxes in the taxing district for the last preceding

 

 

HB3082- 32 -LRB100 10828 HLH 21061 b

1levy year that resulted in the over or under extension of
2taxes, or (ii) increased or decreased the tax extension for the
3last preceding levy year as required by Section 18-135(c).
4Whenever an adjustment is required under Section 18-135, the
5aggregate extension base of the taxing district shall be equal
6to the amount that the aggregate extension of the taxing
7district would have been for the last preceding levy year if
8either or both (i) actual, rather than estimated, valuations or
9rates had been used to calculate the extension of taxes for the
10last levy year, or (ii) the tax extension for the last
11preceding levy year had not been adjusted as required by
12subsection (c) of Section 18-135.
13    Notwithstanding any other provision of law, for levy year
142012, the aggregate extension base for West Northfield School
15District No. 31 in Cook County shall be $12,654,592.
16    "Levy year" has the same meaning as "year" under Section
171-155.
18    "New property" means (i) the assessed value, after final
19board of review or board of appeals action, of new improvements
20or additions to existing improvements on any parcel of real
21property that increase the assessed value of that real property
22during the levy year multiplied by the equalization factor
23issued by the Department under Section 17-30, (ii) the assessed
24value, after final board of review or board of appeals action,
25of real property not exempt from real estate taxation, which
26real property was exempt from real estate taxation for any

 

 

HB3082- 33 -LRB100 10828 HLH 21061 b

1portion of the immediately preceding levy year, multiplied by
2the equalization factor issued by the Department under Section
317-30, including the assessed value, upon final stabilization
4of occupancy after new construction is complete, of any real
5property located within the boundaries of an otherwise or
6previously exempt military reservation that is intended for
7residential use and owned by or leased to a private corporation
8or other entity, (iii) in counties that classify in accordance
9with Section 4 of Article IX of the Illinois Constitution, an
10incentive property's additional assessed value resulting from
11a scheduled increase in the level of assessment as applied to
12the first year final board of review market value, and (iv) any
13increase in assessed value due to oil or gas production from an
14oil or gas well required to be permitted under the Hydraulic
15Fracturing Regulatory Act that was not produced in or accounted
16for during the previous levy year. In addition, the county
17clerk in a county containing a population of 3,000,000 or more
18shall include in the 1997 recovered tax increment value for any
19school district, any recovered tax increment value that was
20applicable to the 1995 tax year calculations.
21    "Qualified airport authority" means an airport authority
22organized under the Airport Authorities Act and located in a
23county bordering on the State of Wisconsin and having a
24population in excess of 200,000 and not greater than 500,000.
25    "Recovered tax increment value" means, except as otherwise
26provided in this paragraph, the amount of the current year's

 

 

HB3082- 34 -LRB100 10828 HLH 21061 b

1equalized assessed value, in the first year after a
2municipality terminates the designation of an area as a
3redevelopment project area previously established under the
4Tax Increment Allocation Development Act in the Illinois
5Municipal Code, previously established under the Industrial
6Jobs Recovery Law in the Illinois Municipal Code, previously
7established under the Economic Development Project Area Tax
8Increment Act of 1995, or previously established under the
9Economic Development Area Tax Increment Allocation Act, of each
10taxable lot, block, tract, or parcel of real property in the
11redevelopment project area over and above the initial equalized
12assessed value of each property in the redevelopment project
13area. For the taxes which are extended for the 1997 levy year,
14the recovered tax increment value for a non-home rule taxing
15district that first became subject to this Law for the 1995
16levy year because a majority of its 1994 equalized assessed
17value was in an affected county or counties shall be increased
18if a municipality terminated the designation of an area in 1993
19as a redevelopment project area previously established under
20the Tax Increment Allocation Development Act in the Illinois
21Municipal Code, previously established under the Industrial
22Jobs Recovery Law in the Illinois Municipal Code, or previously
23established under the Economic Development Area Tax Increment
24Allocation Act, by an amount equal to the 1994 equalized
25assessed value of each taxable lot, block, tract, or parcel of
26real property in the redevelopment project area over and above

 

 

HB3082- 35 -LRB100 10828 HLH 21061 b

1the initial equalized assessed value of each property in the
2redevelopment project area. In the first year after a
3municipality removes a taxable lot, block, tract, or parcel of
4real property from a redevelopment project area established
5under the Tax Increment Allocation Development Act in the
6Illinois Municipal Code, the Industrial Jobs Recovery Law in
7the Illinois Municipal Code, or the Economic Development Area
8Tax Increment Allocation Act, "recovered tax increment value"
9means the amount of the current year's equalized assessed value
10of each taxable lot, block, tract, or parcel of real property
11removed from the redevelopment project area over and above the
12initial equalized assessed value of that real property before
13removal from the redevelopment project area.
14    Except as otherwise provided in this Section, "limiting
15rate" means a fraction the numerator of which is the last
16preceding aggregate extension base times an amount equal to one
17plus the extension limitation defined in this Section and the
18denominator of which is the current year's equalized assessed
19value of all real property in the territory under the
20jurisdiction of the taxing district during the prior levy year.
21For those taxing districts that reduced their aggregate
22extension for the last preceding levy year, the highest
23aggregate extension in any of the last 3 preceding levy years
24shall be used for the purpose of computing the limiting rate.
25The denominator shall not include new property or the recovered
26tax increment value. If a new rate, a rate decrease, or a

 

 

HB3082- 36 -LRB100 10828 HLH 21061 b

1limiting rate increase has been approved at an election held
2after March 21, 2006, then (i) the otherwise applicable
3limiting rate shall be increased by the amount of the new rate
4or shall be reduced by the amount of the rate decrease, as the
5case may be, or (ii) in the case of a limiting rate increase,
6the limiting rate shall be equal to the rate set forth in the
7proposition approved by the voters for each of the years
8specified in the proposition, after which the limiting rate of
9the taxing district shall be calculated as otherwise provided.
10In the case of a taxing district that obtained referendum
11approval for an increased limiting rate on March 20, 2012, the
12limiting rate for tax year 2012 shall be the rate that
13generates the approximate total amount of taxes extendable for
14that tax year, as set forth in the proposition approved by the
15voters; this rate shall be the final rate applied by the county
16clerk for the aggregate of all capped funds of the district for
17tax year 2012.
18(Source: P.A. 98-6, eff. 3-29-13; 98-23, eff. 6-17-13; 99-143,
19eff. 7-27-15; 99-521, eff. 6-1-17.)
 
20    (35 ILCS 200/18-205)
21    Sec. 18-205. Referendum to increase the extension
22limitation. A taxing district is limited to an extension
23limitation as defined in Section 18-185 of 5% or the percentage
24increase in the Consumer Price Index during the 12-month
25calendar year preceding the levy year, whichever is less. A

 

 

HB3082- 37 -LRB100 10828 HLH 21061 b

1taxing district may increase its extension limitation for one
2or more levy years if that taxing district holds a referendum
3before the levy date for the first levy year at which a
4majority of voters voting on the issue approves adoption of a
5higher extension limitation. Referenda shall be conducted at a
6regularly scheduled election in accordance with the Election
7Code. The question shall be presented in substantially the
8following manner for all elections held after March 21, 2006:
9        Shall the extension limitation under the Property Tax
10    Extension Limitation Law for (insert the legal name,
11    number, if any, and county or counties of the taxing
12    district and geographic or other common name by which a
13    school or community college district is known and referred
14    to), Illinois, be increased from the lesser of 5% or the
15    percentage increase in the Consumer Price Index over the
16    prior levy year to (insert the percentage of the proposed
17    increase)% per year for (insert each levy year for which
18    the increased extension limitation will apply)?
19    In the case of a school district that had reserves of 50%
20or more of its operating budget, the question shall be
21presented in substantially the following manner:
22        Shall the extension limitation under the Property Tax
23    Extension Limitation Law for (insert the legal name,
24    number, if any, and county or counties of the taxing
25    district and geographic or other common name by which a
26    school or community college district is known and referred

 

 

HB3082- 38 -LRB100 10828 HLH 21061 b

1    to), Illinois, be increased from 0% to (insert the
2    percentage of the proposed increase)% per year for (insert
3    each levy year for which the increased extension limitation
4    will apply)?
5The votes must be recorded as "Yes" or "No".
6If a majority of voters voting on the issue approves the
7adoption of the increase, the increase shall be applicable for
8each levy year specified.
9    The ballot for any question submitted pursuant to this
10Section shall have printed thereon, but not as a part of the
11question submitted, only the following supplemental
12information (which shall be supplied to the election authority
13by the taxing district) in substantially the following form:
14        (1) For the (insert the first levy year for which the
15    increased extension limitation will be applicable) levy
16    year the approximate amount of the additional tax
17    extendable against property containing a single family
18    residence and having a fair market value at the time of the
19    referendum of $100,000 is estimated to be $....
20        (2) Based upon an average annual percentage increase
21    (or decrease) in the market value of such property of ...%
22    (insert percentage equal to the average annual percentage
23    increase or decrease for the prior 3 levy years, at the
24    time the submission of the question is initiated by the
25    taxing district, in the amount of (A) the equalized
26    assessed value of the taxable property in the taxing

 

 

HB3082- 39 -LRB100 10828 HLH 21061 b

1    district less (B) the new property included in the
2    equalized assessed value), the approximate amount of the
3    additional tax extendable against such property for the ...
4    levy year is estimated to be $... and for the ... levy year
5    is estimated to be $....
6    Paragraph (2) shall be included only if the increased
7extension limitation will be applicable for more than one year
8and shall list each levy year for which the increased extension
9limitation will be applicable. The additional tax shown for
10each levy year shall be the approximate dollar amount of the
11increase over the amount of the most recently completed
12extension at the time the submission of the question is
13initiated by the taxing district. The approximate amount of the
14additional tax extendable shown in paragraphs (1) and (2) shall
15be calculated by multiplying $100,000 (the fair market value of
16the property without regard to any property tax exemptions) by
17(i) the percentage level of assessment prescribed for that
18property by statute, or by ordinance of the county board in
19counties that classify property for purposes of taxation in
20accordance with Section 4 of Article IX of the Illinois
21Constitution; (ii) the most recent final equalization factor
22certified to the county clerk by the Department of Revenue at
23the time the taxing district initiates the submission of the
24proposition to the electors; (iii) the last known aggregate
25extension base of the taxing district at the time the
26submission of the question is initiated by the taxing district;

 

 

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1and (iv) the difference between the percentage increase
2proposed in the question and (A) the lesser of 5% or the
3percentage increase in the Consumer Price Index for the prior
4levy year (or an estimate of the percentage increase for the
5prior levy year if the increase is unavailable at the time the
6submission of the question is initiated by the taxing district)
7or (B) 0%, as applicable; and dividing the result by the last
8known equalized assessed value of the taxing district at the
9time the submission of the question is initiated by the taxing
10district. This amendatory Act of the 97th General Assembly is
11intended to clarify the existing requirements of this Section,
12and shall not be construed to validate any prior non-compliant
13referendum language. Any notice required to be published in
14connection with the submission of the question shall also
15contain this supplemental information and shall not contain any
16other supplemental information. Any error, miscalculation, or
17inaccuracy in computing any amount set forth on the ballot or
18in the notice that is not deliberate shall not invalidate or
19affect the validity of any proposition approved. Notice of the
20referendum shall be published and posted as otherwise required
21by law, and the submission of the question shall be initiated
22as provided by law.
23(Source: P.A. 97-1087, eff. 8-24-12.)
 
24    Section 90. The State Mandates Act is amended by adding
25Section 8.41 as follows:
 

 

 

HB3082- 41 -LRB100 10828 HLH 21061 b

1    (30 ILCS 805/8.41 new)
2    Sec. 8.41. Exempt mandate. Notwithstanding Sections 6 and 8
3of this Act, no reimbursement by the State is required for the
4implementation of any mandate created by this amendatory Act of
5the 100th General Assembly.
 
6    Section 95. No acceleration or delay. Where this Act makes
7changes in a statute that is represented in this Act by text
8that is not yet or no longer in effect (for example, a Section
9represented by multiple versions), the use of that text does
10not accelerate or delay the taking effect of (i) the changes
11made by this Act or (ii) provisions derived from any other
12Public Act.
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.