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.".