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90_HB1160
30 ILCS 105/5.449 new
35 ILCS 200/18-103 new
105 ILCS 5/17-1.1 new
105 ILCS 5/18-1.1 new
105 ILCS 5/34-53.01 new
Amends the Property Tax Code, the School Code, and the
State Finance Act. Requires the State to levy annually a
State school tax at the uniform rate of 3.94% on all real
property other than farmland and residential real property of
less than 6 units. Prohibits school districts from levying
their educational purposes tax on property that is subject to
the State school tax. Provides for deposit of State school
tax revenues in the School Property Tax Reduction Fund, a
special fund created in the State treasury, and for
distribution, pursuant to appropriation, by the State Board
of Education to school districts of the State in proportion
to the State aid the districts receive under the State aid
formula. Effective July 1, 1997.
LRB9004271KDks
LRB9004271KDks
1 AN ACT relating to property taxes, amending named Acts.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The State Finance Act is amended by adding
5 Section 5.449 as follows:
6 (30 ILCS 105/5.449 new)
7 Sec. 5.449. The School Property Tax Reduction Fund.
8 Section 10. The Property Tax Code is amended by adding
9 Section 18-103 as follows:
10 (35 ILCS 200/18-103 new)
11 Sec. 18-103. There shall be annually extended and
12 collected at the same time and in the same manner as other
13 real property taxes, on the equalized assessed value of all
14 real property, other than residential real property of less
15 than 6 units and other than farmland, in this State, a State
16 school tax at the rate of 3.94%. Each county clerk shall
17 extend the tax and the county collector shall collect the tax
18 and remit the proceeds to the Department of Revenue for
19 deposit into the School Property Tax Reduction Fund, a
20 special fund in the State treasury which is hereby created.
21 The county clerk shall annually certify to each school
22 district for which the county clerk extends real property
23 taxes the equalized assessed value of all real property in
24 the district upon which the State school tax is not imposed
25 and the equalized assessed value of all real property in the
26 district upon which the State school tax is imposed.
27 Section 15. The School Code is amended by adding
28 Sections 17-1.1, 18-1.1 and 34-53.01 as follows:
-2- LRB9004271KDks
1 (105 ILCS 5/17-1.1 new)
2 Sec. 17-1.1. Tax levy limitation. Notwithstanding any
3 other provision of this Article or the School Code or any
4 other law of this State, no school board of any school
5 district shall have any authority in any year to levy its tax
6 for educational purposes upon the value, as equalized or
7 assessed by the Department of Revenue, of any taxable
8 property of the district that is subject to the State school
9 tax that is levied under Section 18-103 of the Property Tax
10 Code.
11 (105 ILCS 5/18-1.1 new)
12 Sec. 18-1.1. School Property Tax Reduction Fund;
13 distribution. All moneys deposited in the School Property
14 Tax Reduction Fund pursuant to Section 18-103 of the Property
15 Tax Code shall be appropriated to the State Board of
16 Education for distribution to school districts to be applied
17 by such districts to their respective funds established for
18 educational purposes. Moneys shall be distributed by the
19 State Board of Education to each of the several school
20 districts of this State in proportion to the amount of State
21 aid that is distributed to those school districts under the
22 provisions of Section 18-8.
23 (105 ILCS 5/34-53.01 new)
24 Sec. 34-53.01. Tax levy limitation. Notwithstanding any
25 other provision of this Article or the School Code or any
26 other law of this State, neither the board of education nor
27 the authorities of the district or city shall have any
28 authority in any year to levy its tax for educational
29 purposes upon the value, as equalized or assessed by the
30 Department of Revenue, of any taxable property of the
31 district that is subject to the State school tax that is
32 levied under Section 18-103 of the Property Tax Code.
-3- LRB9004271KDks
1 Section 99. Effective date. This Act takes effect July
2 1, 1997.