Bill Status of HB4042  100th General Assembly


Short Description:  SCH CD-MAX AGG TAX RATE

House Sponsors
Rep. Mark Batinick - Allen Skillicorn - Sheri Jesiel - Steven Reick and Margo McDermed

Last Action
DateChamber Action
  5/3/2017HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
105 ILCS 5/17-2from Ch. 122, par. 17-2
105 ILCS 5/34-53.6 new


Synopsis As Introduced
Amends the School Code. Provides that, excluding any capital improvement tax, the aggregate tax rate levied annually by a school district shall not exceed 4%. Provides that school districts remain subject to (i) particular maximum tax rates set forth under the Code and (ii) the district's limiting rate under the Property Tax Extension Limitation Law, if applicable. Requires the State to appropriate and the State Board of Education to distribute to each school district funds sufficient to cover the revenue that the district would have received but for the reduction in its tax rate.

Actions 
DateChamber Action
  5/1/2017HouseFiled with the Clerk by Rep. Mark Batinick
  5/3/2017HouseFirst Reading
  5/3/2017HouseReferred to Rules Committee
  5/16/2017HouseAdded Chief Co-Sponsor Rep. Allen Skillicorn
  5/16/2017HouseAdded Chief Co-Sponsor Rep. Sheri Jesiel
  5/16/2017HouseAdded Co-Sponsor Rep. Margo McDermed
  5/16/2017HouseAdded Chief Co-Sponsor Rep. Steven Reick