90th General Assembly
Summary of SB1388
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Senate Sponsors:
RADOGNO.

Short description: 
PROP TX-PTELL-LIMITING RATE                                                

Synopsis of Bill as introduced:
        Amends the Property Tax Extension Limitation Law in the  Property      
   Tax  Code.   Provides  that  for levy years before the 1998 levy year,      
   those taxing districts that reduced their aggregate extension for  the      
   last  preceding levy year shall use the highest aggregate extension in      
   any of the last 3 preceding levy  years  for  computing  the  limiting      
   rate.    Provides  that  for the 1998 levy year and thereafter, if the      
   aggregate extension of a taxing district for a levy year is less  than      
   the amount authorized under the Law, the difference between the amount      
   levied  and the amount authorized may be added to the numerator in the      
   computation of  the  limiting  rate  for  any  succeeding  levy  year.      
   Effective January 1, 1999.                                                  
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



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