Rep. Thaddeus Jones
Filed: 4/21/2017
 
 

 

 

 
10000HB3052ham002LRB100 09495 MLM 25299 a



1
AMENDMENT TO HOUSE BILL 3052




2    AMENDMENT NO. ______. Amend House Bill 3052 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The School Code is amended  by adding Section 
519-1.2 as follows:
 
6    (105 ILCS 5/19-1.2 new)
7    Sec. 19-1.2. Limiting tax rate for multiple school district 
8municipalities.
9    (a) As used in this Section:
10    "Limiting tax rate" is an elementary school district's 
11maximum aggregate extension under the Property Tax Extension 
12Limitation Law.
13    "Major district" means an elementary school district whose 
14boundaries are wholly or partially within a multiple school 
15district municipality and in which the percentage of its 
16equalized assessed value within the multiple school district 
 
 
10000HB3052ham002- 2 -LRB100 09495 MLM 25299 a

1municipality is at least 70% of its entire equalized assessed 
2value.
3    "Minor district" means an elementary school district whose 
4boundaries are wholly or partially within a multiple school 
5district municipality and in which (i) the percentage of its 
6equalized assessed value within the multiple school district 
7municipality is at least 30% of its entire equalized assessed 
8value and (ii) the school district has exceeded its debt 
9limitation provided for by referendum in accordance with 
10Section 19-1 of this Code by at least 400% or the school 
11district's limiting tax rate exceeds the limiting tax rate of 
12the major district in a multiple school district municipality 
13by at least 200%.
14    "Multiple school district municipality" means a 
15municipality that contains parts of at least 4 elementary 
16school districts within its corporate boundaries.
17    (b) A minor district shall not have an annual tax rate, for 
18properties located within the corporate limits of a multiple 
19school district municipality, that exceeds the sum of its debt 
20rate and the major district's limiting tax rate.
21    (c) A minor district is prohibited from borrowing any 
22additional funds, including the refunding of debt, in excess of 
23400% of the debt limitation provided by Section 19-1 of this 
24Code. Notwithstanding the preceding sentence, a minor district 
25that has exceeded 400% of the debt limitation provided by 
26Section 19-1 of this Code as of the effective date of this 
 
 
10000HB3052ham002- 3 -LRB100 09495 MLM 25299 a

1amendatory Act of the 100th General Assembly shall be 
2prohibited from borrowing any additional funds.
3    (d) For tax levy year 2017, a minor district is prohibited 
4from extending a tax rate, for properties located within the 
5corporate limits of a multiple school district municipality, 
6that exceeds the total of the minor district's debt rate and 
7175% of the total of the major district's limiting tax rate.
8    (e) For tax levy year 2018, a minor district is prohibited 
9from extending a tax rate, for properties located within the 
10corporate limits of a multiple school district municipality, 
11that exceeds the total of the minor district's debt rate and 
12150% of the total of the major district's limiting tax rate.
13    (f) For all tax levy years after 2018, a minor district is 
14prohibited from extending a tax rate, for properties located 
15within the corporate limits of a multiple school district 
16municipality, that exceeds the total of the minor district's 
17debt rate and the major district's limiting tax rate.
 

18    Section 99. Effective date. This Act takes effect upon 
19becoming law.".