90th General Assembly
Summary of HB1160
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House Sponsors:
WOOLARD.

Short description: 
UNIFORM STATE SCHOOL TAX                                                   

Synopsis of Bill as introduced:
        Amends the Property Tax Code, the  School  Code,  and  the  State      
   Finance Act. Requires the State to levy annually a State school tax at      
   the uniform rate of 3.94% on all real property other than farmland and      
   residential  real  property  of  less  than  6 units. Prohibits school      
   districts from levying their educational purposes tax on property that      
   is subject to the State school tax.  Provides  for  deposit  of  State      
   school  tax  revenues  in  the  School  Property Tax Reduction Fund, a      
   special fund created in the  State  treasury,  and  for  distribution,      
   pursuant  to  appropriation, by the State Board of Education to school      
   districts of the State in proportion to the State  aid  the  districts      
   receive under the State aid formula. Effective July 1, 1997.                
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status