98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB4273

 

Introduced , by Rep. Jack D. Franks

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-50.2 new

    Amends the Property Tax Code. Provides that a non-binding advisory referendum concerning a proposed extension limitation shall be placed on the ballot at the first general election to occur after the effective date of the amendatory Act. Effective immediately.


LRB098 14672 HLH 50344 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4273LRB098 14672 HLH 50344 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 5. The Property Tax Code is amended by adding
5Section 18-50.2 as follows:
 
6    (35 ILCS 200/18-50.2 new)
7    Sec. 18-50.2. Advisory referendum. The following
8non-binding advisory referendum shall be placed on the ballot
9at the first general election to occur after the effective date
10of this amendatory Act of the 98th General Assembly:
11        "Would you support a change in the Property Tax Code to
12    provide that: if the value of all taxable property in a
13    taxing district in a given tax year is lower than the value
14    of all taxable property in the taxing district in the
15    previous tax year, then the taxing district may not
16    increase its levy over the previous levy year unless that
17    increase is approved by the voters of the taxing district
18    at a referendum?"
19    Votes shall be recorded as "Yes" or "No".
 
20    Section 99. Effective date. This Act takes effect upon
21becoming law.