Illinois General Assembly - Bill Status for SB4160
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 Bill Status of SB4160  102nd General Assembly


Short Description:  REVENUE-VARIOUS

Senate Sponsors
Sen. Dan McConchie - Jil Tracy - Brian W. Stewart, Terri Bryant, Craig Wilcox, Darren Bailey, Sally J. Turner, Sue Rezin, Donald P. DeWitte, Jason A. Barickman, Win Stoller, Steve McClure, Dave Syverson, Jason Plummer and Dale Fowler

Last Action
DateChamber Action
  2/9/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
35 ILCS 200/18-205
35 ILCS 200/18-207 new
35 ILCS 200/18-212


Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately.

Actions 
DateChamber Action
  2/9/2022SenateFiled with Secretary by Sen. Dan McConchie
  2/9/2022SenateFirst Reading
  2/9/2022SenateReferred to Assignments
  2/9/2022SenateChief Sponsor Changed to Sen. Dan McConchie
  2/10/2022SenateAdded as Chief Co-Sponsor Sen. Jil Tracy
  2/10/2022SenateAdded as Co-Sponsor Sen. Terri Bryant
  2/10/2022SenateAdded as Co-Sponsor Sen. Craig Wilcox
  2/10/2022SenateAdded as Co-Sponsor Sen. Darren Bailey
  2/10/2022SenateAdded as Chief Co-Sponsor Sen. Brian W. Stewart
  2/10/2022SenateAdded as Co-Sponsor Sen. Sally J. Turner
  2/15/2022SenateAdded as Co-Sponsor Sen. Sue Rezin
  2/28/2022SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
  3/1/2022SenateAdded as Co-Sponsor Sen. Jason A. Barickman
  3/1/2022SenateAdded as Co-Sponsor Sen. Win Stoller
  3/1/2022SenateAdded as Co-Sponsor Sen. Steve McClure
  3/1/2022SenateAdded as Co-Sponsor Sen. Dave Syverson
  3/8/2022SenateAdded as Co-Sponsor Sen. Jason Plummer
  3/9/2022SenateAdded as Co-Sponsor Sen. Dale Fowler

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