96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB3892


 
Introduced 2/26/2009, by Rep. Arthur L. Turner
 
SYNOPSIS AS INTRODUCED:
 		













70 ILCS 1505/19.1 new











    Amends the Chicago Park District Act.  Provides that the Board of Commissioners of the Chicago Park District may levy supplemental property taxes in respect of the recovered tax increment value of certain redevelopment project areas, subject to certain restrictions.  Effective immediately.
















LRB096 09481 HLH 19638 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB3892

LRB096 09481 HLH 19638 b






1
    AN ACT concerning revenue.

 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:



 
4
    Section 5. The Chicago Park District Act is amended  by 
5
adding Section 19.1 as follows:
 
6
    (70 ILCS 1505/19.1  new)
7
    Sec. 19.1. Supplemental tax levy.  The Board of 
8
Commissioners of the Chicago Park District may levy 
9
supplemental property taxes in respect of the recovered tax 
10
increment value, as defined in the Property Tax Extension 
11
Limitation Law, of a redevelopment project area previously 
12
established under (i) the Tax Increment Allocation Development 
13
Act in the Illinois Municipal Code, (ii) the Industrial Jobs 
14
Recovery Law in the Illinois Municipal Code, (iii) the Economic 
15
Development Project Area Tax Increment Act of 1995, or (iv) the 
16
Economic Development Area Tax Increment Allocation Act.  
17
Notwithstanding the provisions of Section 19 of this Act, such 
18
supplemental tax levy may be adopted at any time during the 
19
year that the designation of such area as a redevelopment 
20
project area is terminated; provided that such supplemental 
21
levy shall not cause the aggregate amount of taxes levied to 
22
exceed the maximum rate which the Board of Commissioners of the 
23
Chicago Park District is otherwise authorized by law to levy 
 


 






HB3892
- 2 -
LRB096 09481 HLH 19638 b




1
and further provided that the extension of the taxes levied by 
2
such supplemental levy shall be determined in accordance with 
3
the requirements of the Property Tax Extension Limitation Law.   
4
The Board of Commissioners of the Chicago Park District shall 
5
cause the amount raised by any such supplemental levy to be 
6
certified to the county clerk in the manner provided by law and 
7
all taxes so levied and certified shall be collected and 
8
enforced in the same manner and by the same officers as for 
9
State and county purposes.  These taxes, when collected, shall 
10
be paid over to the proper officer who is authorized to receive 
11
and receipt for the same.

 
12
    Section 99. Effective date. This Act takes effect upon 
13
becoming law.