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SB3265 Engrossed |
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LRB096 20326 HLH 35957 b |
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| AN ACT in relation to taxes.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 1. Short title. This Act may be cited as the Summit |
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| Park District Tax Levy Validation (2010) Act.
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| Section 5. Tax levy ordinances of the Summit Park District. |
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| If the Summit Park District has, during the fiscal year |
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| 2010-2011, within the time required by law adopted an annual |
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| appropriation ordinance for that year and adopted its annual |
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| tax levy ordinance for the tax year 2010 and duly files the |
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| same with the county clerk of the county in which the district |
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| is located, then any such tax levy ordinance and the taxes |
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| levied and extended pursuant thereto are hereby validated; |
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| however, those taxes are validated only to the extent they do |
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| not exceed the maximum amount the district could have levied |
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| and the county clerk could have extended under the Property Tax |
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| Extension Limitation Law if the Park District had taken into |
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| account the recovered tax increment value from the expiration |
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| of the West Summit TIF in its 2007 tax year levy and subsequent |
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| tax year levies as was permitted by law.
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| Section 90. The Property Tax Code is amended by adding |
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| Section 18-198 as follows:
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