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 (i) the total equalized assessed value of all taxable property in the taxing district for 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, or (ii) the median equalized assessed value of all taxable property in the taxing district for the current levy year and the 2 levy years immediately preceding the current levy year is less than the median equalized assessed value of all taxable property in the taxing district for the 3 levy years immediately preceding that 3-year period, 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 the rate of increase approved by the voters). Effective immediately.

Actions 

Date	Chamber	Action
10/28/2013	House	Filed with the Clerk by Rep. Ron Sandack
10/30/2013	House	First Reading
10/30/2013	House	Referred to Rules Committee
11/4/2013	House	Added Chief Co-Sponsor Rep. Sandra M. Pihos
1/29/2014	House	Added Chief Co-Sponsor Rep. Ed Sullivan, Jr.
5/7/2014	House	Added Chief Co-Sponsor Rep. Darlene J. Senger
5/7/2014	House	Added Chief Co-Sponsor Rep. Thomas Morrison
5/7/2014	House	Added Co-Sponsor Rep. David McSweeney
5/7/2014	House	Added Co-Sponsor Rep. Patricia R. Bellock
5/7/2014	House	Added Co-Sponsor Rep. Barbara Wheeler
5/7/2014	House	Added Co-Sponsor Rep. Dennis M. Reboletti
5/7/2014	House	Added Co-Sponsor Rep. Kay Hatcher
5/8/2014	House	Added Co-Sponsor Rep. Michael P. McAuliffe
12/3/2014	House	Session Sine Die

Back To Top