Date	Chamber	Action
8/14/2009	House	Public Act . . . . . . . . . 96-0501

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the debt service extension base must be increased each year by the percentage increase, for the previous calendar year, of the Consumer Price Index. Effective immediately.

House Committee Amendment No. 1
Provides that the debt service extension base must be increased by the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year (instead of the percentage increase of the Consumer Price Index for the previous calendar year).

	Fiscal Note, House Committee Amendment No. 1 (Dept. of Revenue)
	HB 242 will have no fiscal impact on State revenues.

Actions 

Date	Chamber	Action
1/16/2009	House	Filed with the Clerk by Rep. Elaine Nekritz
1/20/2009	House	First Reading
1/20/2009	House	Referred to Rules Committee
2/4/2009	House	Assigned to Revenue & Finance Committee
3/12/2009	House	House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
3/12/2009	House	House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
3/12/2009	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
3/12/2009	House	Remains in Revenue & Finance Committee
3/12/2009	House	Do Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000
3/12/2009	House	Placed on Calendar 2nd Reading - Short Debate
3/17/2009	House	House Committee Amendment No. 1 Fiscal Note Filed as Amended
3/17/2009	House	Second Reading - Short Debate
3/17/2009	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/18/2009	House	Added Chief Co-Sponsor Rep. Angelo Saviano
3/24/2009	House	Added Co-Sponsor Rep. André M. Thapedi
3/26/2009	House	Third Reading - Short Debate - Passed 069-046-000
3/30/2009	Senate	Arrive in Senate
3/30/2009	Senate	Placed on Calendar Order of First Reading
3/30/2009	Senate	Chief Senate Sponsor Sen. Don Harmon
3/30/2009	Senate	First Reading
3/30/2009	Senate	Referred to Assignments
4/22/2009	Senate	Assigned to Revenue
4/30/2009	Senate	Do Pass Revenue; 006-001-000
4/30/2009	Senate	Placed on Calendar Order of 2nd Reading May 5, 2009
5/7/2009	Senate	Second Reading
5/7/2009	Senate	Placed on Calendar Order of 3rd Reading May 12, 2009
5/19/2009	Senate	Third Reading - Passed; 036-021-000
5/19/2009	House	Passed Both Houses
6/17/2009	House	Sent to the Governor
8/14/2009	House	Governor Approved
8/14/2009	House	Effective Date August 14, 2009
8/14/2009	House	Public Act . . . . . . . . . 96-0501

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