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90_HB0847eng
35 ILCS 200/18-185
Amends the Property Tax Extension Limitation Law in the
Property Tax Code. Excludes from the definition of
"aggregate extension", for taxing districts that were not
subject to the Law before the 1995 levy year, extensions for
joint recreational programs for the handicapped made by a
taxing district that (i) has an equalized assessed valuation
that is at least 90% mutually inclusive with the equalized
assessed valuation of a municipality that has previously
extended but no longer extends such a tax, (ii) has not
previously extended the tax, and (ii) will extend aggregate
dollars upon the tax in an amount not to exceed the aggregate
dollars extended for the last levy of the tax by the
municipality.
LRB9002322KDksA
HB0847 Engrossed LRB9002322KDksA
1 AN ACT to amend the Property Tax Code by changing Section
2 18-215.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 18-215 as follows:
7 (35 ILCS 200/18-215)
8 Sec. 18-215. Merging and consolidating taxing districts;
9 transfer of service. For purposes of this Law, when 2 or more
10 taxing districts merge or consolidate, the sum of the last
11 preceding aggregate extensions for each taxing district shall
12 be combined for the resulting merged or consolidated taxing
13 district. When a service performed by one taxing district is
14 transferred to another taxing district, that part of the
15 aggregate extension base for that purpose shall be
16 transferred and added to the aggregate extension base of the
17 transferee taxing district for purposes of this Law and shall
18 be deducted from the aggregate extension base of the
19 transferor taxing district. If the city of Warrenville
20 transfers a service performed by the City to the Warrenville
21 Park District under this Section, the Park District shall not
22 be required to hold a referendum under Section 18-190 for a
23 new rate if the Park District does not increase the rate
24 levied by the City of Warrenville for the transferred
25 service.
26 (Source: P.A. 87-17; 88-455.)
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