98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
Introduced , by Rep. Dr. Pam Roth
SYNOPSIS AS INTRODUCED:
35 ILCS 200/18-199 new
Creates the City of Braidwood Tax Levy Validation (2013) Act.
Validates levy ordinances and tax extensions to the extent they do not
exceed the maximum amount authorized under the Property Tax Extension
Limitation Law if the taxing district had taken into account the tax
increment value from the expiration of City of Braidwood TIF Number 1.
Amends the Property Tax Code to make the Property Tax Extension Limitation
Law subject to the City of Braidwood Tax Levy Validation (2013) Act.
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A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
This Act may be cited as the
of Braidwood Tax Levy Validation (2013) Act.
Tax levy ordinances of taxing districts located
in the City of Braidwood.
If any taxing district located in
whole or in part within the City of Braidwood has, during the
fiscal year 2012-2013, within the time required by law adopted
an annual appropriation ordinance for that year and adopted its
annual tax levy ordinance for the tax year 2012 and duly files
the same with the county clerk of the county in which the
district is located, then any such tax levy ordinance and the
taxes levied and extended pursuant thereto are hereby
validated; however, those taxes are validated only to the
extent they do not exceed the maximum amount the district could
have levied and the county clerk could have extended under the
Property Tax Extension Limitation Law of the Property Tax Code
if the district had taken into account the recovered tax
increment value from the expiration of the City of Braidwood
Tax Increment Financing District Number 1 in its 2011 tax year
levy and subsequent tax year levies as was permitted by law.