98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1054

 

Introduced , by Rep. Dr. Pam Roth

 

SYNOPSIS AS INTRODUCED:
 
New Act
35 ILCS 200/18-199 new

    Creates the City of Braidwood Tax Levy Validation (2013) Act. Validates levy ordinances and tax extensions to the extent they do not exceed the maximum amount authorized under the Property Tax Extension Limitation Law if the taxing district had taken into account the tax increment value from the expiration of City of Braidwood TIF Number 1. Amends the Property Tax Code to make the Property Tax Extension Limitation Law subject to the City of Braidwood Tax Levy Validation (2013) Act. Effective immediately.


LRB098 04291 HLH 34318 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1054LRB098 04291 HLH 34318 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the City
5of Braidwood Tax Levy Validation (2013) Act.
 
6    Section 5. Tax levy ordinances of taxing districts located
7in the City of Braidwood. If any taxing district located in
8whole or in part within the City of Braidwood has, during the
9fiscal year 2012-2013, within the time required by law adopted
10an annual appropriation ordinance for that year and adopted its
11annual tax levy ordinance for the tax year 2012 and duly files
12the same with the county clerk of the county in which the
13district is located, then any such tax levy ordinance and the
14taxes levied and extended pursuant thereto are hereby
15validated; however, those taxes are validated only to the
16extent they do not exceed the maximum amount the district could
17have levied and the county clerk could have extended under the
18Property Tax Extension Limitation Law of the Property Tax Code
19if the district had taken into account the recovered tax
20increment value from the expiration of the City of Braidwood
21Tax Increment Financing District Number 1 in its 2011 tax year
22levy and subsequent tax year levies as was permitted by law.
 

 

 

HB1054- 2 -LRB098 04291 HLH 34318 b

1    Section 90. The Property Tax Code is amended by adding
2Section 18-199 as follows:
 
3    (35 ILCS 200/18-199 new)
4    Sec. 18-199. City of Braidwood Tax Levy Validation (2013)
5Act. The provisions of the Property Tax Extension Limitation
6Law are subject to the City of Braidwood Tax Levy Validation
7(2013) Act.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.