Illinois General Assembly - Bill Status for HB4263

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the 2016 and 2017 levy years, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units and school districts. Provides that, for the 2016 and 2017 levy years, the extension limitation under the Property Tax Extension Limitation Law is 0% or the rate of increase approved by the voters. Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Amends the School Code. Creates a General State Aid Committee to propose a revised school funding formula for Illinois schools. Effective immediately.

Actions

Date	Chamber	Action
7/29/2015	House	Filed with the Clerk by Rep. Jack D. Franks
8/5/2015	House	First Reading
8/5/2015	House	Referred to Rules Committee
2/4/2016	House	Assigned to Revenue & Finance Committee
2/24/2016	House	To Property Tax Subcommittee
4/8/2016	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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