Sen. Pamela J. Althoff
Filed: 3/17/2014
 
 

 

 

 
09800SB2889sam001LRB098 19148 HLH 56480 a



1
AMENDMENT TO SENATE BILL 2889 




2    AMENDMENT NO. ______. Amend Senate Bill 2889 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. In counties other than Cook 
13County, rates may be calculated beyond 3 decimal points to 
14allow the extension to be as close to the levy requested as 
15possible; however, the extension may not exceed the levy 
16requested, after all reductions required under the Property Tax 
 
 
09800SB2889sam001- 2 -LRB098 19148 HLH 56480 a

1Extension Limitation Law or any other applicable law are 
2applied. Each installment of taxes shall be extended
in a 
3separate column.  Installments shall be equal and as to each 
4installment a
fraction of a cent shall be extended as one cent.

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

 
 
6    Section 99. Effective date. This Act takes effect upon 
7becoming law.".