HB0189sam001 98TH GENERAL ASSEMBLY

Sen. Linda Holmes

Filed: 5/6/2013

09800HB0189sam001 LRB098 02813 HLH 45410 a

AMENDMENT TO HOUSE BILL 189

AMENDMENT NO. ______. Amend House Bill 189 by replacing everything after the enacting clause with the following:

"Section 5. The Property Tax Code is amended by changing Section 18-140 as follows:

(35 ILCS 200/18-140)

Sec. 18-140. Extension upon equalized assessment of current levy year. All taxes shall be extended by each county clerk upon the valuation produced by the equalization and assessment of property by the Department for the levy year. In the computation of rates, a fraction of a mill shall be extended as the next higher mill. Rates may be calculated beyond 3 decimal points to allow the extension to be as close to the levy requested as possible. Each installment of taxes shall be extended in a separate column. Installments shall be equal and as to each installment a fraction of a cent shall be extended as one cent.

(Source: P.A. 87-17; 88-455.)

Section 99. Effective date. This Act takes effect upon becoming law.".