97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1508

 

Introduced , by Rep. Roger L. Eddy

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-185
35 ILCS 200/18-213

    Amends the Property Tax Extension Limitation Law in the Property Tax Code. Changes the definition of "debt service extension base" to include extensions for principal and interest payments on bonds issued by individual taxing districts that merged or consolidated to form a taxing district. Makes changes concerning the applicability of the Law to merged or consolidated districts and to districts with boundary changes. Provides that the Law applies to those districts if (i) the majority of the taxing district's equalized assessed valuation as of the effective date of the boundary change, merger, or consolidation is located in an affected county or counties or (ii) the majority of the taxing district's equalized assessed valuation as of the effective date of the boundary change, merger, or consolidation is located in one or more counties in which the voters have approved a referendum, and none of the equalized valuation of the taxing district is located in a county (other than an affected county) that has never held a referendum. Effective immediately.


LRB097 05608 HLH 45670 b

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

 

 

A BILL FOR

 

HB1508LRB097 05608 HLH 45670 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 18-213 as follows:
 
6    (35 ILCS 200/18-185)
7    Sec. 18-185. Short title; definitions. This Division 5 may
8be cited as the Property Tax Extension Limitation Law. As used
9in this Division 5:
10    "Consumer Price Index" means the Consumer Price Index for
11All Urban Consumers for all items published by the United
12States Department of Labor.
13    "Extension limitation" means (a) the lesser of 5% or the
14percentage increase in the Consumer Price Index during the
1512-month calendar year preceding the levy year or (b) the rate
16of increase approved by voters under Section 18-205.
17    "Affected county" means a county of 3,000,000 or more
18inhabitants or a county contiguous to a county of 3,000,000 or
19more inhabitants.
20    "Taxing district" has the same meaning provided in Section
211-150, except as otherwise provided in this Section. For the
221991 through 1994 levy years only, "taxing district" includes
23only each non-home rule taxing district having the majority of

 

 

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1its 1990 equalized assessed value within any county or counties
2contiguous to a county with 3,000,000 or more inhabitants.
3Beginning with the 1995 levy year, "taxing district" includes
4only each non-home rule taxing district subject to this Law
5before the 1995 levy year and each non-home rule taxing
6district not subject to this Law before the 1995 levy year
7having the majority of its 1994 equalized assessed value in an
8affected county or counties. Beginning with the levy year in
9which this Law becomes applicable to a taxing district as
10provided in Section 18-213, "taxing district" also includes
11those taxing districts made subject to this Law as provided in
12Section 18-213.
13    "Aggregate extension" for taxing districts to which this
14Law applied before the 1995 levy year means the annual
15corporate extension for the taxing district and those special
16purpose extensions that are made annually for the taxing
17district, excluding special purpose extensions: (a) made for
18the taxing district to pay interest or principal on general
19obligation bonds that were approved by referendum; (b) made for
20any taxing district to pay interest or principal on general
21obligation bonds issued before October 1, 1991; (c) made for
22any taxing district to pay interest or principal on bonds
23issued to refund or continue to refund those bonds issued
24before October 1, 1991; (d) made for any taxing district to pay
25interest or principal on bonds issued to refund or continue to
26refund bonds issued after October 1, 1991 that were approved by

 

 

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1referendum; (e) made for any taxing district to pay interest or
2principal on revenue bonds issued before October 1, 1991 for
3payment of which a property tax levy or the full faith and
4credit of the unit of local government is pledged; however, a
5tax for the payment of interest or principal on those bonds
6shall be made only after the governing body of the unit of
7local government finds that all other sources for payment are
8insufficient to make those payments; (f) made for payments
9under a building commission lease when the lease payments are
10for the retirement of bonds issued by the commission before
11October 1, 1991, to pay for the building project; (g) made for
12payments due under installment contracts entered into before
13October 1, 1991; (h) made for payments of principal and
14interest on bonds issued under the Metropolitan Water
15Reclamation District Act to finance construction projects
16initiated before October 1, 1991; (i) made for payments of
17principal and interest on limited bonds, as defined in Section
183 of the Local Government Debt Reform Act, in an amount not to
19exceed the debt service extension base less the amount in items
20(b), (c), (e), and (h) of this definition for non-referendum
21obligations, except obligations initially issued pursuant to
22referendum; (j) made for payments of principal and interest on
23bonds issued under Section 15 of the Local Government Debt
24Reform Act; (k) made by a school district that participates in
25the Special Education District of Lake County, created by
26special education joint agreement under Section 10-22.31 of the

 

 

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1School Code, for payment of the school district's share of the
2amounts required to be contributed by the Special Education
3District of Lake County to the Illinois Municipal Retirement
4Fund under Article 7 of the Illinois Pension Code; the amount
5of any extension under this item (k) shall be certified by the
6school district to the county clerk; (l) made to fund expenses
7of providing joint recreational programs for the handicapped
8under Section 5-8 of the Park District Code or Section 11-95-14
9of the Illinois Municipal Code; (m) made for temporary
10relocation loan repayment purposes pursuant to Sections 2-3.77
11and 17-2.2d of the School Code; (n) made for payment of
12principal and interest on any bonds issued under the authority
13of Section 17-2.2d of the School Code; and (o) made for
14contributions to a firefighter's pension fund created under
15Article 4 of the Illinois Pension Code, to the extent of the
16amount certified under item (5) of Section 4-134 of the
17Illinois Pension Code.
18    "Aggregate extension" for the taxing districts to which
19this Law did not apply before the 1995 levy year (except taxing
20districts subject to this Law in accordance with Section
2118-213) means the annual corporate extension for the taxing
22district and those special purpose extensions that are made
23annually for the taxing district, excluding special purpose
24extensions: (a) made for the taxing district to pay interest or
25principal on general obligation bonds that were approved by
26referendum; (b) made for any taxing district to pay interest or

 

 

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1principal on general obligation bonds issued before March 1,
21995; (c) made for any taxing district to pay interest or
3principal on bonds issued to refund or continue to refund those
4bonds issued before March 1, 1995; (d) made for any taxing
5district to pay interest or principal on bonds issued to refund
6or continue to refund bonds issued after March 1, 1995 that
7were approved by referendum; (e) made for any taxing district
8to pay interest or principal on revenue bonds issued before
9March 1, 1995 for payment of which a property tax levy or the
10full faith and credit of the unit of local government is
11pledged; however, a tax for the payment of interest or
12principal on those bonds shall be made only after the governing
13body of the unit of local government finds that all other
14sources for payment are insufficient to make those payments;
15(f) made for payments under a building commission lease when
16the lease payments are for the retirement of bonds issued by
17the commission before March 1, 1995 to pay for the building
18project; (g) made for payments due under installment contracts
19entered into before March 1, 1995; (h) made for payments of
20principal and interest on bonds issued under the Metropolitan
21Water Reclamation District Act to finance construction
22projects initiated before October 1, 1991; (h-4) made for
23stormwater management purposes by the Metropolitan Water
24Reclamation District of Greater Chicago under Section 12 of the
25Metropolitan Water Reclamation District Act; (i) made for
26payments of principal and interest on limited bonds, as defined

 

 

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1in Section 3 of the Local Government Debt Reform Act, in an
2amount not to exceed the debt service extension base less the
3amount in items (b), (c), and (e) of this definition for
4non-referendum obligations, except obligations initially
5issued pursuant to referendum and bonds described in subsection
6(h) of this definition; (j) made for payments of principal and
7interest on bonds issued under Section 15 of the Local
8Government Debt Reform Act; (k) made for payments of principal
9and interest on bonds authorized by Public Act 88-503 and
10issued under Section 20a of the Chicago Park District Act for
11aquarium or museum projects; (l) made for payments of principal
12and interest on bonds authorized by Public Act 87-1191 or
1393-601 and (i) issued pursuant to Section 21.2 of the Cook
14County Forest Preserve District Act, (ii) issued under Section
1542 of the Cook County Forest Preserve District Act for
16zoological park projects, or (iii) issued under Section 44.1 of
17the Cook County Forest Preserve District Act for botanical
18gardens projects; (m) made pursuant to Section 34-53.5 of the
19School Code, whether levied annually or not; (n) made to fund
20expenses of providing joint recreational programs for the
21handicapped under Section 5-8 of the Park District Code or
22Section 11-95-14 of the Illinois Municipal Code; (o) made by
23the Chicago Park District for recreational programs for the
24handicapped under subsection (c) of Section 7.06 of the Chicago
25Park District Act; (p) made for contributions to a
26firefighter's pension fund created under Article 4 of the

 

 

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1Illinois Pension Code, to the extent of the amount certified
2under item (5) of Section 4-134 of the Illinois Pension Code;
3and (q) made by Ford Heights School District 169 under Section
417-9.02 of the School Code.
5    "Aggregate extension" for all taxing districts to which
6this Law applies in accordance with Section 18-213, except for
7those taxing districts subject to paragraph (2) of subsection
8(e) of Section 18-213, means the annual corporate extension for
9the taxing district and those special purpose extensions that
10are made annually for the taxing district, excluding special
11purpose extensions: (a) made for the taxing district to pay
12interest or principal on general obligation bonds that were
13approved by referendum; (b) made for any taxing district to pay
14interest or principal on general obligation bonds issued before
15the date on which the referendum making this Law applicable to
16the taxing district is held; (c) made for any taxing district
17to pay interest or principal on bonds issued to refund or
18continue to refund those bonds issued before the date on which
19the referendum making this Law applicable to the taxing
20district is held; (d) made for any taxing district to pay
21interest or principal on bonds issued to refund or continue to
22refund bonds issued after the date on which the referendum
23making this Law applicable to the taxing district is held if
24the bonds were approved by referendum after the date on which
25the referendum making this Law applicable to the taxing
26district is held; (e) made for any taxing district to pay

 

 

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1interest or principal on revenue bonds issued before the date
2on which the referendum making this Law applicable to the
3taxing district is held for payment of which a property tax
4levy or the full faith and credit of the unit of local
5government is pledged; however, a tax for the payment of
6interest or principal on those bonds shall be made only after
7the governing body of the unit of local government finds that
8all other sources for payment are insufficient to make those
9payments; (f) made for payments under a building commission
10lease when the lease payments are for the retirement of bonds
11issued by the commission before the date on which the
12referendum making this Law applicable to the taxing district is
13held to pay for the building project; (g) made for payments due
14under installment contracts entered into before the date on
15which the referendum making this Law applicable to the taxing
16district is held; (h) made for payments of principal and
17interest on limited bonds, as defined in Section 3 of the Local
18Government Debt Reform Act, in an amount not to exceed the debt
19service extension base less the amount in items (b), (c), and
20(e) of this definition for non-referendum obligations, except
21obligations initially issued pursuant to referendum; (i) made
22for payments of principal and interest on bonds issued under
23Section 15 of the Local Government Debt Reform Act; (j) made
24for a qualified airport authority to pay interest or principal
25on general obligation bonds issued for the purpose of paying
26obligations due under, or financing airport facilities

 

 

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1required to be acquired, constructed, installed or equipped
2pursuant to, contracts entered into before March 1, 1996 (but
3not including any amendments to such a contract taking effect
4on or after that date); (k) made to fund expenses of providing
5joint recreational programs for the handicapped under Section
65-8 of the Park District Code or Section 11-95-14 of the
7Illinois Municipal Code; (l) made for contributions to a
8firefighter's pension fund created under Article 4 of the
9Illinois Pension Code, to the extent of the amount certified
10under item (5) of Section 4-134 of the Illinois Pension Code;
11and (m) made for the taxing district to pay interest or
12principal on general obligation bonds issued pursuant to
13Section 19-3.10 of the School Code.
14    "Aggregate extension" for all taxing districts to which
15this Law applies in accordance with paragraph (2) of subsection
16(e) of Section 18-213 means the annual corporate extension for
17the taxing district and those special purpose extensions that
18are made annually for the taxing district, excluding special
19purpose extensions: (a) made for the taxing district to pay
20interest or principal on general obligation bonds that were
21approved by referendum; (b) made for any taxing district to pay
22interest or principal on general obligation bonds issued before
23the effective date of this amendatory Act of 1997; (c) made for
24any taxing district to pay interest or principal on bonds
25issued to refund or continue to refund those bonds issued
26before the effective date of this amendatory Act of 1997; (d)

 

 

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1made for any taxing district to pay interest or principal on
2bonds issued to refund or continue to refund bonds issued after
3the effective date of this amendatory Act of 1997 if the bonds
4were approved by referendum after the effective date of this
5amendatory Act of 1997; (e) made for any taxing district to pay
6interest or principal on revenue bonds issued before the
7effective date of this amendatory Act of 1997 for payment of
8which a property tax levy or the full faith and credit of the
9unit of local government is pledged; however, a tax for the
10payment of interest or principal on those bonds shall be made
11only after the governing body of the unit of local government
12finds that all other sources for payment are insufficient to
13make those payments; (f) made for payments under a building
14commission lease when the lease payments are for the retirement
15of bonds issued by the commission before the effective date of
16this amendatory Act of 1997 to pay for the building project;
17(g) made for payments due under installment contracts entered
18into before the effective date of this amendatory Act of 1997;
19(h) made for payments of principal and interest on limited
20bonds, as defined in Section 3 of the Local Government Debt
21Reform Act, in an amount not to exceed the debt service
22extension base less the amount in items (b), (c), and (e) of
23this definition for non-referendum obligations, except
24obligations initially issued pursuant to referendum; (i) made
25for payments of principal and interest on bonds issued under
26Section 15 of the Local Government Debt Reform Act; (j) made

 

 

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1for a qualified airport authority to pay interest or principal
2on general obligation bonds issued for the purpose of paying
3obligations due under, or financing airport facilities
4required to be acquired, constructed, installed or equipped
5pursuant to, contracts entered into before March 1, 1996 (but
6not including any amendments to such a contract taking effect
7on or after that date); (k) made to fund expenses of providing
8joint recreational programs for the handicapped under Section
95-8 of the Park District Code or Section 11-95-14 of the
10Illinois Municipal Code; and (l) made for contributions to a
11firefighter's pension fund created under Article 4 of the
12Illinois Pension Code, to the extent of the amount certified
13under item (5) of Section 4-134 of the Illinois Pension Code.
14    "Debt service extension base" means an amount equal to that
15portion of the extension for a taxing district for the 1994
16levy year, or for those taxing districts subject to this Law in
17accordance with Section 18-213, except for those subject to
18paragraph (2) of subsection (e) of Section 18-213, for the levy
19year in which the referendum making this Law applicable to the
20taxing district is held, or for those taxing districts subject
21to this Law in accordance with paragraph (2) of subsection (e)
22of Section 18-213 for the 1996 levy year, constituting an
23extension for payment of principal and interest on bonds issued
24by the taxing district, or issued by any of the individual
25taxing districts that merged or consolidated to form the taxing
26district, without referendum, but not including excluded

 

 

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1non-referendum bonds. For park districts (i) that were first
2subject to this Law in 1991 or 1995 and (ii) whose extension
3for the 1994 levy year for the payment of principal and
4interest on bonds issued by the park district without
5referendum (but not including excluded non-referendum bonds)
6was less than 51% of the amount for the 1991 levy year
7constituting an extension for payment of principal and interest
8on bonds issued by the park district without referendum (but
9not including excluded non-referendum bonds), "debt service
10extension base" means an amount equal to that portion of the
11extension for the 1991 levy year constituting an extension for
12payment of principal and interest on bonds issued by the park
13district without referendum (but not including excluded
14non-referendum bonds). A debt service extension base
15established or increased at any time pursuant to any provision
16of this Law, except Section 18-212, shall be increased each
17year commencing with the later of (i) the 2009 levy year or
18(ii) the first levy year in which this Law becomes applicable
19to the taxing district, by the lesser of 5% or the percentage
20increase in the Consumer Price Index during the 12-month
21calendar year preceding the levy year. The debt service
22extension base may be established or increased as provided
23under Section 18-212. "Excluded non-referendum bonds" means
24(i) bonds authorized by Public Act 88-503 and issued under
25Section 20a of the Chicago Park District Act for aquarium and
26museum projects; (ii) bonds issued under Section 15 of the

 

 

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1Local Government Debt Reform Act; or (iii) refunding
2obligations issued to refund or to continue to refund
3obligations initially issued pursuant to referendum.
4    "Special purpose extensions" include, but are not limited
5to, extensions for levies made on an annual basis for
6unemployment and workers' compensation, self-insurance,
7contributions to pension plans, and extensions made pursuant to
8Section 6-601 of the Illinois Highway Code for a road
9district's permanent road fund whether levied annually or not.
10The extension for a special service area is not included in the
11aggregate extension.
12    "Aggregate extension base" means the taxing district's
13last preceding aggregate extension as adjusted under Sections
1418-135, 18-215, and 18-230. An adjustment under Section 18-135
15shall be made for the 2007 levy year and all subsequent levy
16years whenever one or more counties within which a taxing
17district is located (i) used estimated valuations or rates when
18extending taxes in the taxing district for the last preceding
19levy year that resulted in the over or under extension of
20taxes, or (ii) increased or decreased the tax extension for the
21last preceding levy year as required by Section 18-135(c).
22Whenever an adjustment is required under Section 18-135, the
23aggregate extension base of the taxing district shall be equal
24to the amount that the aggregate extension of the taxing
25district would have been for the last preceding levy year if
26either or both (i) actual, rather than estimated, valuations or

 

 

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1rates had been used to calculate the extension of taxes for the
2last levy year, or (ii) the tax extension for the last
3preceding levy year had not been adjusted as required by
4subsection (c) of Section 18-135.
5    "Levy year" has the same meaning as "year" under Section
61-155.
7    "New property" means (i) the assessed value, after final
8board of review or board of appeals action, of new improvements
9or additions to existing improvements on any parcel of real
10property that increase the assessed value of that real property
11during the levy year multiplied by the equalization factor
12issued by the Department under Section 17-30, (ii) the assessed
13value, after final board of review or board of appeals action,
14of real property not exempt from real estate taxation, which
15real property was exempt from real estate taxation for any
16portion of the immediately preceding levy year, multiplied by
17the equalization factor issued by the Department under Section
1817-30, including the assessed value, upon final stabilization
19of occupancy after new construction is complete, of any real
20property located within the boundaries of an otherwise or
21previously exempt military reservation that is intended for
22residential use and owned by or leased to a private corporation
23or other entity, and (iii) in counties that classify in
24accordance with Section 4 of Article IX of the Illinois
25Constitution, an incentive property's additional assessed
26value resulting from a scheduled increase in the level of

 

 

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1assessment as applied to the first year final board of review
2market value. In addition, the county clerk in a county
3containing a population of 3,000,000 or more shall include in
4the 1997 recovered tax increment value for any school district,
5any recovered tax increment value that was applicable to the
61995 tax year calculations.
7    "Qualified airport authority" means an airport authority
8organized under the Airport Authorities Act and located in a
9county bordering on the State of Wisconsin and having a
10population in excess of 200,000 and not greater than 500,000.
11    "Recovered tax increment value" means, except as otherwise
12provided in this paragraph, the amount of the current year's
13equalized assessed value, in the first year after a
14municipality terminates the designation of an area as a
15redevelopment project area previously established under the
16Tax Increment Allocation Development Act in the Illinois
17Municipal Code, previously established under the Industrial
18Jobs Recovery Law in the Illinois Municipal Code, previously
19established under the Economic Development Project Area Tax
20Increment Act of 1995, or previously established under the
21Economic Development Area Tax Increment Allocation Act, of each
22taxable lot, block, tract, or parcel of real property in the
23redevelopment project area over and above the initial equalized
24assessed value of each property in the redevelopment project
25area. For the taxes which are extended for the 1997 levy year,
26the recovered tax increment value for a non-home rule taxing

 

 

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1district that first became subject to this Law for the 1995
2levy year because a majority of its 1994 equalized assessed
3value was in an affected county or counties shall be increased
4if a municipality terminated the designation of an area in 1993
5as a redevelopment project area previously established under
6the Tax Increment Allocation Development Act in the Illinois
7Municipal Code, previously established under the Industrial
8Jobs Recovery Law in the Illinois Municipal Code, or previously
9established under the Economic Development Area Tax Increment
10Allocation Act, by an amount equal to the 1994 equalized
11assessed value of each taxable lot, block, tract, or parcel of
12real property in the redevelopment project area over and above
13the initial equalized assessed value of each property in the
14redevelopment project area. In the first year after a
15municipality removes a taxable lot, block, tract, or parcel of
16real property from a redevelopment project area established
17under the Tax Increment Allocation Development Act in the
18Illinois Municipal Code, the Industrial Jobs Recovery Law in
19the Illinois Municipal Code, or the Economic Development Area
20Tax Increment Allocation Act, "recovered tax increment value"
21means the amount of the current year's equalized assessed value
22of each taxable lot, block, tract, or parcel of real property
23removed from the redevelopment project area over and above the
24initial equalized assessed value of that real property before
25removal from the redevelopment project area.
26    Except as otherwise provided in this Section, "limiting

 

 

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1rate" means a fraction the numerator of which is the last
2preceding aggregate extension base times an amount equal to one
3plus the extension limitation defined in this Section and the
4denominator of which is the current year's equalized assessed
5value of all real property in the territory under the
6jurisdiction of the taxing district during the prior levy year.
7For those taxing districts that reduced their aggregate
8extension for the last preceding levy year, the highest
9aggregate extension in any of the last 3 preceding levy years
10shall be used for the purpose of computing the limiting rate.
11The denominator shall not include new property or the recovered
12tax increment value. If a new rate, a rate decrease, or a
13limiting rate increase has been approved at an election held
14after March 21, 2006, then (i) the otherwise applicable
15limiting rate shall be increased by the amount of the new rate
16or shall be reduced by the amount of the rate decrease, as the
17case may be, or (ii) in the case of a limiting rate increase,
18the limiting rate shall be equal to the rate set forth in the
19proposition approved by the voters for each of the years
20specified in the proposition, after which the limiting rate of
21the taxing district shall be calculated as otherwise provided.
22(Source: P.A. 95-90, eff. 1-1-08; 95-331, eff. 8-21-07; 95-404,
23eff. 1-1-08; 95-876, eff. 8-21-08; 96-501, eff. 8-14-09;
2496-517, eff. 8-14-09; 96-1000, eff. 7-2-10; 96-1202, eff.
257-22-10.)
 

 

 

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1    (35 ILCS 200/18-213)
2    Sec. 18-213. Referenda on applicability of the Property Tax
3Extension Limitation Law.
4    (a) The provisions of this Section do not apply to a taxing
5district subject to this Law because a majority of its 1990
6equalized assessed value is in a county or counties contiguous
7to a county of 3,000,000 or more inhabitants, or because a
8majority of its 1994 equalized assessed value is in an affected
9county and the taxing district was not subject to this Law
10before the 1995 levy year.
11    (b) The county board of a county that is not subject to
12this Law may, by ordinance or resolution, submit to the voters
13of the county the question of whether to make all non-home rule
14taxing districts that have all or a portion of their equalized
15assessed valuation situated in the county subject to this Law
16in the manner set forth in this Section.
17    For purposes of this Section only:
18    "Taxing district" has the same meaning provided in Section
191-150.
20    "Equalized assessed valuation" means the equalized
21assessed valuation for a taxing district for the immediately
22preceding levy year.
23    (c) The ordinance or resolution shall request the
24submission of the proposition at any election, except a
25consolidated primary election, for the purpose of voting for or
26against making the Property Tax Extension Limitation Law

 

 

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1applicable to all non-home rule taxing districts that have all
2or a portion of their equalized assessed valuation situated in
3the county.
4    The question shall be placed on a separate ballot and shall
5be in substantially the following form:
6        Shall the Property Tax Extension Limitation Law (35
7    ILCS 200/18-185 through 18-245), which limits annual
8    property tax extension increases, apply to non-home rule
9    taxing districts with all or a portion of their equalized
10    assessed valuation located in (name of county)?
11Votes on the question shall be recorded as "yes" or "no".
12    (d) The county clerk shall order the proposition submitted
13to the electors of the county at the election specified in the
14ordinance or resolution. If part of the county is under the
15jurisdiction of a board or boards of election commissioners,
16the county clerk shall submit a certified copy of the ordinance
17or resolution to each board of election commissioners, which
18shall order the proposition submitted to the electors of the
19taxing district within its jurisdiction at the election
20specified in the ordinance or resolution.
21    (e) (1) With respect to taxing districts having all of
22    their equalized assessed valuation located in the county,
23    if a majority of the votes cast on the proposition are in
24    favor of the proposition, then this Law becomes applicable
25    to the taxing district beginning on January 1 of the year
26    following the date of the referendum.

 

 

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1        (2) With respect to taxing districts that meet all the
2    following conditions this Law shall become applicable to
3    the taxing district beginning on January 1, 1997. The
4    districts to which this paragraph (2) is applicable
5            (A) do not have all of their equalized assessed
6        valuation located in a single county,
7            (B) have equalized assessed valuation in an
8        affected county,
9            (C) meet the condition that each county, other than
10        an affected county, in which any of the equalized
11        assessed valuation of the taxing district is located
12        has held a referendum under this Section at any
13        election, except a consolidated primary election, held
14        prior to the effective date of this amendatory Act of
15        1997, and
16            (D) have a majority of the district's equalized
17        assessed valuation located in one or more counties in
18        each of which the voters have approved a referendum
19        under this Section prior to the effective date of this
20        amendatory Act of 1997. For purposes of this Section,
21        in determining whether a majority of the equalized
22        assessed valuation of the taxing district is located in
23        one or more counties in which the voters have approved
24        a referendum under this Section, the equalized
25        assessed valuation of the taxing district in any
26        affected county shall be included with the equalized

 

 

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1        assessed value of the taxing district in counties in
2        which the voters have approved the referendum.
3        (3) With respect to taxing districts that do not have
4    all of their equalized assessed valuation located in a
5    single county and to which paragraph (2) of subsection (e)
6    is not applicable, if each county other than an affected
7    county in which any of the equalized assessed valuation of
8    the taxing district is located has held a referendum under
9    this Section at any election, except a consolidated primary
10    election, held in any year and if a majority of the
11    equalized assessed valuation of the taxing district is
12    located in one or more counties that have each approved a
13    referendum under this Section, then this Law shall become
14    applicable to the taxing district on January 1 of the year
15    following the year in which the last referendum in a county
16    in which the taxing district has any equalized assessed
17    valuation is held. For the purposes of this Law, the last
18    referendum shall be deemed to be the referendum making this
19    Law applicable to the taxing district. For purposes of this
20    Section, in determining whether a majority of the equalized
21    assessed valuation of the taxing district is located in one
22    or more counties that have approved a referendum under this
23    Section, the equalized assessed valuation of the taxing
24    district in any affected county shall be included with the
25    equalized assessed value of the taxing district in counties
26    that have approved the referendum.

 

 

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1    (f) Immediately after a referendum is held under this
2Section, the county clerk of the county holding the referendum
3shall give notice of the referendum having been held and its
4results to all taxing districts that have all or a portion of
5their equalized assessed valuation located in the county, the
6county clerk of any other county in which any of the equalized
7assessed valuation of any taxing district is located, and the
8Department of Revenue. After the last referendum affecting a
9multi-county taxing district is held, the Department of Revenue
10shall determine whether the taxing district is subject to this
11Law and, if so, shall notify the taxing district and the county
12clerks of all of the counties in which a portion of the
13equalized assessed valuation of the taxing district is located
14that, beginning the following January 1, the taxing district is
15subject to this Law. For each taxing district subject to
16paragraph (2) of subsection (e) of this Section, the Department
17of Revenue shall notify the taxing district and the county
18clerks of all of the counties in which a portion of the
19equalized assessed valuation of the taxing district is located
20that, beginning January 1, 1997, the taxing district is subject
21to this Law.
22    (g) Referenda held under this Section shall be conducted in
23accordance with the Election Code.
24    (h) If the boundaries of a taxing district are changed so
25that (i) territory of the taxing district is located in a
26county in which the taxing district was not located prior to

 

 

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1the boundary change or (ii) the taxing district is no longer
2located in a county in which the taxing district was located
3prior to the boundary change, and if the boundary change
4results in the dissolution of one or more other taxing
5districts, then a determination of whether or not this Law
6applies to the taxing district shall be made as of the
7effective date of the boundary change. This Law shall apply to
8the taxing district beginning on January 1 of the year
9following the effective date of the boundary change or shall
10continue to be applicable to the taxing district if (i) the
11majority of the taxing district's equalized assessed valuation
12as of the effective date of the boundary change is located in
13an affected county or counties or (ii) the majority of the
14taxing district's equalized assessed valuation as of the
15effective date of the boundary change is located in one or more
16counties in which the voters have approved a referendum under
17this Section, and none of the equalized valuation of the taxing
18district is located in a county (other than an affected county)
19that has never held a referendum under this Section. For
20purposes of this Section, in determining whether a majority of
21the equalized assessed valuation of the taxing district is
22located in one or more counties in which the voters have
23approved a referendum under this Section, the equalized
24assessed valuation of the taxing district in any affected
25county shall be included with the equalized assessed value of
26the taxing district in counties in which the voters have

 

 

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1approved the referendum. If it is determined that this Law no
2longer applies to a taxing district that was subject to this
3Law prior to a boundary change, this Law shall cease to apply
4to that taxing district as of the effective date of the
5boundary change. If the application of this subsection results
6in this Law becoming applicable to the taxing district, the
7initial debt service extension base of the taxing district and
8the extensions excluded from the aggregate extension of the
9taxing district as set forth in Section 18-185 of this Law
10shall be determined by reference to the effective date of the
11boundary change rather than to the date of a referendum making
12this Law applicable to the taxing district.
13    (i) Whenever a taxing district that is subject to this Law
14merges or consolidates with a taxing district that is not
15subject to this Law, a determination of whether or not this Law
16applies to the new resulting merged or consolidated taxing
17district shall be made as of the effective date of the merger
18or consolidation. This Law shall apply to the new taxing
19district beginning on the effective date of the merger or
20consolidation if (i) the majority of the new taxing district's
21equalized assessed valuation as of the effective date of the
22merger or consolidation is located in an affected county or
23counties or (ii) the majority of the new taxing district's
24equalized assessed valuation as of the effective date of the
25merger or consolidation is located in one or more counties in
26which the voters have approved a referendum under this Section,

 

 

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1and none of the equalized valuation of the taxing district is
2located in a county (other than an affected county) that has
3never held a referendum under this Section. For purposes of
4this Section, in determining whether a majority of the
5equalized assessed valuation of the new taxing district is
6located in one or more counties in which the voters have
7approved a referendum under this Section, the equalized
8assessed valuation of the taxing district in any affected
9county shall be included with the equalized assessed value of
10the taxing district in counties in which the voters have
11approved the referendum. If the application of this subsection
12results in this Law becoming applicable to the new taxing
13district, the initial debt service extension base of the taxing
14district and the extensions excluded from the aggregate
15extension of the taxing district as set forth in Section 18-185
16of this Law shall be determined by reference to the effective
17date of the merger or consolidation rather than to the date of
18a referendum making this Law applicable to the taxing district.
19(Source: P.A. 89-510, eff. 7-11-96; 89-718, eff. 3-7-97.)
 
20    Section 99. Effective date. This Act takes effect upon
21becoming law.