Bill Status of HB3041  98th General Assembly

Short Description:  PTELL-EXTENSION LIMITATION

House Sponsors
Rep. Stephanie A. Kifowit - Katherine Cloonen - Kathleen Willis - Martin J. Moylan - Natalie A. Manley, Michelle Mussman, Deborah Conroy, Sue Scherer, Jerry F. Costello, II, Frances Ann Hurley, Silvana Tabares, Jack D. Franks, Jay Hoffman, Sam Yingling and David McSweeney

Last Action
DateChamber Action
  12/3/2014HouseSession 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 Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters). Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 HB 3041 will not impact any public pension fund or retirement system in Illinois.

 Balanced Budget Note (Office of Management and Budget)
 This bill does not have any fiscal impact on State revenues. This legislation may result in lost revenues for local governments impacted by the bill.

 State Debt Impact Note (Government Forecasting & Accountability)
 This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.

 Judicial Note (Admin Office of the Illinois Courts)
 This bill would neither increase nor decrease the number of judges needed in the State.

 Home Rule Note (Dept. of Commerce & Economic Opportunity)
 This bill does not pre-empt home rule authority.

 State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
 This bill does not create a State mandate.

 Fiscal Note (Dept. of Revenue)
 HB 3041 will have no fiscal impact on State revenues. Based on changes in taxable equalized assessed value from tax year 2010 to 2011, the most recent tax years for which the Department of Revenue has data available, HB 3041 would have decreased revenues to local taxing jurisdictions in the following amounts: (1) 13 Counties with a loss of approximately $5 million; (2) 194 Municipalities with a loss of approximately $37 million; (3) 149 Townships with a loss of approximately $7 million; (4) 186 Special Districts with a loss of approximately $33 million; (5) 98 School Districts with a loss of approximately $46 million. The total impact to local taxing districts had this change been applied to the 2011 tax year would have been approximately $128 million spread across 640 taxing districts.

Actions 
DateChamber Action
  2/26/2013HouseFiled with the Clerk by Rep. Stephanie A. Kifowit
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  3/7/2013HouseAssigned to Revenue & Finance Committee
  3/12/2013HouseAdded Chief Co-Sponsor Rep. Katherine Cloonen
  3/12/2013HouseAdded Chief Co-Sponsor Rep. Kathleen Willis
  3/12/2013HouseAdded Chief Co-Sponsor Rep. Martin J. Moylan
  3/12/2013HouseAdded Chief Co-Sponsor Rep. Natalie A. Manley
  3/12/2013HouseAdded Co-Sponsor Rep. Michelle Mussman
  3/12/2013HouseAdded Co-Sponsor Rep. Deborah Conroy
  3/12/2013HouseAdded Co-Sponsor Rep. Sue Scherer
  3/12/2013HouseAdded Co-Sponsor Rep. Jerry F. Costello, II
  3/12/2013HouseAdded Co-Sponsor Rep. Frances Ann Hurley
  3/12/2013HouseAdded Co-Sponsor Rep. Silvana Tabares
  3/12/2013HouseAdded Co-Sponsor Rep. Jack D. Franks
  3/14/2013HouseAdded Co-Sponsor Rep. Jay Hoffman
  3/15/2013HouseAdded Co-Sponsor Rep. Sam Yingling
  3/19/2013HouseFiscal Note Requested by Rep. Jack D. Franks
  3/19/2013HouseState Mandates Fiscal Note Requested by Rep. Jack D. Franks
  3/19/2013HouseBalanced Budget Note Requested by Rep. Jack D. Franks
  3/19/2013HouseHome Rule Note Requested by Rep. Jack D. Franks
  3/19/2013HouseJudicial Note Requested by Rep. Jack D. Franks
  3/19/2013HousePension Note Requested by Rep. Jack D. Franks
  3/19/2013HouseState Debt Impact Note Requested by Rep. Jack D. Franks
  3/20/2013HousePension Note Filed
  3/20/2013HouseBalanced Budget Note Filed
  3/20/2013HouseState Debt Impact Note Filed
  3/21/2013HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
  3/21/2013HouseDo Pass / Short Debate Revenue & Finance Committee; 010-000-000
  3/21/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/21/2013HouseJudicial Note Filed
  3/21/2013HouseHome Rule Note Filed
  3/21/2013HouseState Mandates Fiscal Note Filed
  4/8/2013HouseFiscal Note Filed
  4/10/2013HouseSecond Reading - Short Debate
  4/10/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/10/2013HouseAdded Co-Sponsor Rep. David McSweeney
  4/19/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die