Sen. Linda Holmes
Filed: 3/14/2014
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 347 




2    AMENDMENT NO. ______. Amend Senate Bill 347 by replacing 
3everything after the enacting clause with the following:


 
 
4    "Section 5. The Property Tax Code is amended  by changing 
5Section 18-140 as follows:
 



6    (35 ILCS 200/18-140)



7    Sec. 18-140. 
Extension upon equalized assessment of 
8current levy
year.  All taxes shall be extended by each county 
9clerk upon the valuation
produced by the equalization and 
10assessment of property by the Department for
the levy year. In 
11the computation of rates, a fraction of a mill shall be

12extended as the next higher mill. Rates may be calculated 
13beyond 3 decimal points to allow the extension to be as close 
14to the levy requested as possible. Each installment of taxes 
15shall be extended
in a separate column.  Installments shall be 
16equal and as to each installment a
fraction of a cent shall be 
 
 
09800SB0347sam001- 2 -LRB098 04578 HLH 56796 a

1extended as one cent.

2(Source: P.A. 87-17; 88-455.)

 
 
3    Section 99. Effective date. This Act takes effect upon 
4becoming law.".