Illinois General Assembly - Bill Status for SB0435

Synopsis As Introduced
Amends the Property Tax Code. Authorizes a school district to, without referendum, adopt a levy to recapture revenue lost by a property tax refund it is required to make. Provides that, for purposes of the Property Tax Extension Limitation Law, the school district's aggregate extension base shall not include the recapture levy. Provides that any taxpayer who has received a refund of property taxes has been included in a recapture levy by a particular school district under this Section shall have the right to have the extension of the district's levy against his or her property abated to the extent that the extension exceeds $500.

Actions

Date	Chamber	Action
2/16/2005	Senate	Filed with Secretary by Sen. Kathleen L. Wojcik
2/16/2005	Senate	First Reading
2/16/2005	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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