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90_HB2200ham001
LRB9000122KDksam
1 AMENDMENT TO HOUSE BILL 2200
2 AMENDMENT NO. . Amend House Bill 2200 by replacing
3 the title with the following:
4 "AN ACT to amend the Property Tax Code by changing
5 Section 18-45."; and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Property Tax Code is amended by changing
9 Section 18-45 as follows:
10 (35 ILCS 200/18-45)
11 Sec. 18-45. Computation of rates. Except as provided
12 below, each county clerk shall estimate and determine the
13 rate per cent upon the equalized assessed valuation for the
14 levy year of the property in the county's taxing districts
15 and special service areas, as established under Article VII
16 of the Illinois Constitution, so that the rate will produce,
17 within the proper divisions of that county, not less than the
18 net amount that will be required by the county board or
19 certified to the county clerk according to law. Prior to
20 extension, the county clerk shall determine the maximum
21 amount of tax authorized to be levied by any statute. If the
-2- LRB9000122KDksam
1 amount of any tax certified to the county clerk for extension
2 exceeds the maximum, the clerk shall extend only the maximum
3 allowable levy.
4 The county clerk shall exclude from the total equalized
5 assessed valuation, whenever estimating and determining it
6 under this Section and Sections 18-50 through 18-105, the
7 equalized assessed valuation in the percentage which has been
8 agreed to by each taxing district, of any property or portion
9 thereof within an Enterprise Zone upon which an abatement of
10 taxes was made under Section 18-170. However, if a
11 municipality has adopted tax increment financing under
12 Division 74.4 of Article 11 of the Illinois Municipal Code,
13 the county clerk shall estimate and determine rates in
14 accordance with Sections 11-74.4-7 through 11-74.4-9 of that
15 Act. Beginning on January 1, 1998 and thereafter, the
16 equalized assessed value of all property for the computation
17 of the amount to be extended within a county with 3,000,000
18 or more inhabitants shall be the sum of (i) the equalized
19 assessed value of such property for the year immediately
20 preceding the levy year as established by the assessment and
21 equalization process for the year immediately prior to the
22 levy year, (ii) the equalized assessed value of any property
23 that qualifies as new property, as defined in Section 18-185,
24 or annexed property, as defined in Section 18-225, for the
25 current levy year, and (iii) any recovered tax increment
26 value, as defined in Section 18-185, for the current levy
27 year, less the equalized assessed value of any property that
28 qualifies as disconnected property, as defined in Section
29 18-225, for the current levy year.
30 (Source: P.A. 86-233; 86-953; 86-957; 86-1475; 87-17; 87-477;
31 87-895; 88-455.)".