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91_HB3435enr
HB3435 Enrolled LRB9111037NTsb
1 AN ACT concerning the levy of taxes by school boards.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 3. The Property Tax Code is amended by adding
5 Section 18-72 as follows:
6 (35 ILCS 200/18-72 new)
7 Sec. 18-72. A school board shall give public notice of
8 and hold a public hearing on its intent to amend a
9 certificate of tax levy under Section 17-11.1 of the School
10 Code.
11 Section 5. The School Code is amended by changing
12 Section 17-11.1 as follows:
13 (105 ILCS 5/17-11.1) (from Ch. 122, par. 17-11.1)
14 Sec. 17-11.1. Amended Tax Certificate. When a school
15 board has authority to levy taxes at the maximum permissive
16 tax rate allowed by law or the maximum tax rate allowed by
17 voter approved referendum an operating tax rate which would
18 qualify the school district for the maximum amount of State
19 aid under Section 18-8 and, after the certificate of tax levy
20 has been filed, a change in the assessed valuation resulting
21 from the application of the equalization multiplier by the
22 Department of Revenue causes the school district's tax
23 extensions to be less than the maximum permissive tax rate
24 allowed by law or the maximum tax rate allowed by voter
25 approved referendum operating tax rate to be less than that
26 required to qualify for the maximum amount of State aid, the
27 school board may, within 20 days of such change, amend the
28 certificate of tax levy to provide for the maximum amount of
29 tax extensions provided by the permissive tax rate or by the
HB3435 Enrolled -2- LRB9111037NTsb
1 voter approved referendum, as limited by the Property Tax
2 Extension Limitation Law the amount required to qualify for
3 the maximum amount of State aid.
4 (Source: P.A. 83-228.)
5 Section 99. Effective date. This Act takes effect upon
6 becoming law.
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