State of Illinois
90th General Assembly

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[ Introduced ][ House Amendment 001 ]


      35 ILCS 200/9-40
          Amends the Property Tax Code.  Makes a  technical  change
      in  the  Section concerning county tax maps maintained by the
      county assessor.
HB2200 Engrossed                               LRB9000122KRpk
 1        AN ACT to amend the Property Tax Code by changing Section
 2    18-45.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The Property Tax Code is amended by changing
 6    Section 18-45 as follows:
 7        (35 ILCS 200/18-45)
 8        Sec. 18-45.  Computation of rates.   Except  as  provided
 9    below,  each  county  clerk  shall estimate and determine the
10    rate per cent upon the equalized assessed valuation  for  the
11    levy  year  of  the property in the county's taxing districts
12    and special service areas, as established under  Article  VII
13    of  the Illinois Constitution, so that the rate will produce,
14    within the proper divisions of that county, not less than the
15    net amount that will be  required  by  the  county  board  or
16    certified  to  the  county  clerk according to law.  Prior to
17    extension, the  county  clerk  shall  determine  the  maximum
18    amount of tax authorized to be levied by any statute.  If the
19    amount of any tax certified to the county clerk for extension
20    exceeds  the maximum, the clerk shall extend only the maximum
21    allowable levy.
22        The county clerk shall exclude from the  total  equalized
23    assessed  valuation,  whenever  estimating and determining it
24    under this Section and Sections  18-50  through  18-105,  the
25    equalized assessed valuation in the percentage which has been
26    agreed to by each taxing district, of any property or portion
27    thereof  within an Enterprise Zone upon which an abatement of
28    taxes  was  made  under  Section  18-170.   However,   if   a
29    municipality   has  adopted  tax  increment  financing  under
30    Division 74.4 of Article 11 of the Illinois  Municipal  Code,
31    the  county  clerk  shall  estimate  and  determine  rates in
HB2200 Engrossed            -2-                LRB9000122KRpk
 1    accordance with Sections 11-74.4-7 through 11-74.4-9 of  that
 2    Act.  Beginning  on  January  1,  1998  and  thereafter,  the
 3    equalized  assessed value of all property for the computation
 4    of the amount to be extended within a county  with  3,000,000
 5    or  more  inhabitants  shall  be the sum of (i) the equalized
 6    assessed value of such  property  for  the  year  immediately
 7    preceding  the levy year as established by the assessment and
 8    equalization process for the year immediately  prior  to  the
 9    levy  year, (ii) the equalized assessed value of any property
10    that qualifies as new property, as defined in Section 18-185,
11    or annexed property, as defined in Section  18-225,  for  the
12    current  levy  year,  and  (iii)  any recovered tax increment
13    value, as defined in Section 18-185,  for  the  current  levy
14    year,  less the equalized assessed value of any property that
15    qualifies as disconnected property,  as  defined  in  Section
16    18-225, for the current levy year.
17    (Source: P.A. 86-233; 86-953; 86-957; 86-1475; 87-17; 87-477;
18    87-895; 88-455.)

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