Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 200/18-205

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters). Effective immediately.

	Pension Note (Government Forecasting & Accountability)
	HB 3041 will not impact any public pension fund or retirement system in Illinois.

	Balanced Budget Note (Office of Management and Budget)
	This bill does not have any fiscal impact on State revenues. This legislation may result in lost revenues for local governments impacted by the bill.

	State Debt Impact Note (Government Forecasting & Accountability)
	This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.

	Judicial Note (Admin Office of the Illinois Courts)
	This bill would neither increase nor decrease the number of judges needed in the State.

	Home Rule Note (Dept. of Commerce & Economic Opportunity)
	This bill does not pre-empt home rule authority.

	State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
	This bill does not create a State mandate.

Fiscal Note (Dept. of Revenue)

HB 3041 will have no fiscal impact on State revenues. Based on changes in taxable equalized assessed value from tax year 2010 to 2011, the most recent tax years for which the Department of Revenue has data available, HB 3041 would have decreased revenues to local taxing jurisdictions in the following amounts: (1) 13 Counties with a loss of approximately $5 million; (2) 194 Municipalities with a loss of approximately $37 million; (3) 149 Townships with a loss of approximately $7 million; (4) 186 Special Districts with a loss of approximately $33 million; (5) 98 School Districts with a loss of approximately $46 million. The total impact to local taxing districts had this change been applied to the 2011 tax year would have been approximately $128 million spread across 640 taxing districts.

Actions 

Date	Chamber	Action
2/26/2013	House	Filed with the Clerk by Rep. Stephanie A. Kifowit
2/26/2013	House	First Reading
2/26/2013	House	Referred to Rules Committee
3/7/2013	House	Assigned to Revenue & Finance Committee
3/12/2013	House	Added Chief Co-Sponsor Rep. Katherine Cloonen
3/12/2013	House	Added Chief Co-Sponsor Rep. Kathleen Willis
3/12/2013	House	Added Chief Co-Sponsor Rep. Martin J. Moylan
3/12/2013	House	Added Chief Co-Sponsor Rep. Natalie A. Manley
3/12/2013	House	Added Co-Sponsor Rep. Michelle Mussman
3/12/2013	House	Added Co-Sponsor Rep. Deborah Conroy
3/12/2013	House	Added Co-Sponsor Rep. Sue Scherer
3/12/2013	House	Added Co-Sponsor Rep. Jerry F. Costello, II
3/12/2013	House	Added Co-Sponsor Rep. Frances Ann Hurley
3/12/2013	House	Added Co-Sponsor Rep. Silvana Tabares
3/12/2013	House	Added Co-Sponsor Rep. Jack D. Franks
3/14/2013	House	Added Co-Sponsor Rep. Jay Hoffman
3/15/2013	House	Added Co-Sponsor Rep. Sam Yingling
3/19/2013	House	Fiscal Note Requested by Rep. Jack D. Franks
3/19/2013	House	State Mandates Fiscal Note Requested by Rep. Jack D. Franks
3/19/2013	House	Balanced Budget Note Requested by Rep. Jack D. Franks
3/19/2013	House	Home Rule Note Requested by Rep. Jack D. Franks
3/19/2013	House	Judicial Note Requested by Rep. Jack D. Franks
3/19/2013	House	Pension Note Requested by Rep. Jack D. Franks
3/19/2013	House	State Debt Impact Note Requested by Rep. Jack D. Franks
3/20/2013	House	Pension Note Filed
3/20/2013	House	Balanced Budget Note Filed
3/20/2013	House	State Debt Impact Note Filed
3/21/2013	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
3/21/2013	House	Do Pass / Short Debate Revenue & Finance Committee; 010-000-000
3/21/2013	House	Placed on Calendar 2nd Reading - Short Debate
3/21/2013	House	Judicial Note Filed
3/21/2013	House	Home Rule Note Filed
3/21/2013	House	State Mandates Fiscal Note Filed
4/8/2013	House	Fiscal Note Filed
4/10/2013	House	Second Reading - Short Debate
4/10/2013	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/10/2013	House	Added Co-Sponsor Rep. David McSweeney
4/19/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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