Illinois General Assembly - Bill Status for HB3530
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 Bill Status of HB3530  101st General Assembly


House Sponsors
Rep. Anne Stava-Murray

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
35 ILCS 200/18-205

Synopsis As Introduced
Amends the Property Tax Extension Limitation in the Property Tax Code. Provides that, in the case of a school district (other than a school district organized under Article 34 of the School Code), the district may increase its extension limitation if the school board certifies to the county clerk that (i) the school district is under a financial emergency during the current levy year and (ii) for either or both of the 2 immediately preceding levy years, the aggregate tax rate for all of the district's included funds was less than the district's limiting rate for the applicable year. Sets forth the amount of the increase. Provides that "financial emergency" means that the district's cash reserves for the current fiscal year fall below 200% of the average of the annual budgets of the district for the 5 preceding years. Effective immediately.

DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. Anne Stava-Murray
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  3/5/2019HouseAssigned to Revenue & Finance Committee
  3/14/2019HouseTo Property Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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