093_HB2855eng

 
HB2855 Engrossed                     LRB093 09484 MKM 09719 b

 1        AN ACT concerning taxes.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Property Tax Code is amended by  changing
 5    Section 18-80 as follows:

 6        (35 ILCS 200/18-80)
 7        Sec.  18-80.  Time  and  form of notice. The notice shall
 8    appear not more than 14 days nor less than 7  days  prior  to
 9    the  date of the public hearing.  The notice shall be no less
10    than 1/8 page in size, and the smallest type used shall be 12
11    point and shall be enclosed in a black border  no  less  than
12    1/4 inch wide. The notice shall not be placed in that portion
13    of   the   newspaper   where  legal  notices  and  classified
14    advertisements appear.  The  notice  shall  be  published  in
15    substantially the following form:
16        Notice   of   Proposed  Property  Tax  Increase  for  ...
17    (commonly known name of taxing district).
18        I.  A public hearing to approve a proposed  property  tax
19    levy  increase for ... (legal name of the taxing district)...
20    for ... (year) ... will be held on  ...  (date)  ...  at  ...
21    (time) ... at ... (location).
22        Any  person  desiring to appear at the public hearing and
23    present testimony to the  taxing  district  may  contact  ...
24    (name,  title, address and telephone number of an appropriate
25    official).
26        II.  The corporate and  special  purpose  property  taxes
27    extended  or  abated  for  ...  (preceding year) ... were ...
28    (dollar amount of the final aggregate levy as extended,  plus
29    the amount abated by the taxing district prior to extension).
30        The proposed corporate and special purpose property taxes
31    to  be  levied  for  ...  (current  year) ... are ... (dollar
 
HB2855 Engrossed            -2-      LRB093 09484 MKM 09719 b
 1    amount of the proposed aggregate levy).   This  represents  a
 2    ... (percentage) ... increase over the previous year.
 3        III.  The  property  taxes  extended for debt service and
 4    public building commission leases for  ...  (preceding  year)
 5    ...  were  ...  (dollar amount of the final aggregate levy as
 6    extended, plus the amount abated by the taxing district prior
 7    to the extension).
 8        The estimated  property  taxes  to  be  levied  for  debt
 9    service   and  public  building  commission  leases  for  ...
10    (current year)  ...  are  ...  (dollar  amount  of  estimated
11    aggregate  levy).  This represents a ... (percentage increase
12    or decrease) ... over the previous year.
13        IV.  The total property taxes extended or abated for  ...
14    (preceding year) ... were ... (dollar amount).
15        The  estimated  total property taxes to be levied for ...
16    (current year) ... are ... (dollar amount).  This  represents
17    a ... (percentage increase or decrease) ... over the previous
18    year.
19        Any  notice  which includes any information not specified
20    and required by this Article shall be an invalid notice.
21        All hearings shall be open to the public.  The  corporate
22    authority  of  the  taxing district shall explain the reasons
23    for the proposed increase and shall permit  persons  desiring
24    to  be  heard  an  opportunity  to  present  testimony within
25    reasonable time limits as it determines.
26    (Source: P.A. 92-382, eff. 8-16-01.)