KARPIEL-PARKER AND SEVERNS. (PANKAU-WOOD) 75 ILCS 10/8.1 from Ch. 81, par. 118.1 Amends the Illinois Library System Act. Provides that, notwithstanding any other provision, if a library that is receiving a grant is located in a taxing district that becomes subject to the Property Tax Extension Limitation Law in the Property Tax Code and if, as a result of becoming subject to that Law the corporate authorities of the taxing district no longer levy a tax at a rate that meets the rate prescribed to qualify for the grant, the library shall still receive the grant it received prior to becoming subject to the Property Tax Extension Limitation Law. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 75 ILCS 10/8 from Ch. 81, par. 118 Deletes everything. Amends the Illinois Library System Act. Provides that if a library is subject to the Property Tax Extension Limitation Law in the Property Tax Code and its tax levy for library purposes has been lowered to a rate of less than .13%, the library will qualify for a State grant if the library levied a tax for library purposes that met the grant requirements in the previous year and if the tax levied for the library in the current year produces tax revenue that is an increase of 5% over the previous year's extension or the percentage increase in the CPI, whichever is less, and the tax revenue produced by the levy is less than $4.25 per capita. Provides that if this is the case, the State Librarian is authorized to make an equalization grant equivalent to the difference between the amount of the tax revenue obtained from the current levy and an annual income of $4.25 per capita. Provides that if a library receiving an equalization grant reduces its tax levy below the amount levied at the time the original application is approved, it shall be ineligible to receive further equalization grants. Provides that the requirement that the public library have a tax levied for library purposes at a rate not less than .13%, or a county library have a tax levied for library purposes at a rate not less than .07% is waived if the library is subject to PTELL and its levy has been lowered to a rate of less than .13% if the library qualified for the grant in the previous year and if the tax levied for library purposes in the current year produces tax revenue for library purposes that is an increase over the previous year's extension of 5% or the percentage increase in the CPI, whichever is less. Effective immediately. 97-01-22 S FIRST READING 97-01-22 S REFERRED TO SENATE RULES COMMITTEE RULES 97-01-22 S ASSIGNED TO COMMITTEE REVENUE 97-02-06 S POSTPONED 97-02-20 S ADDED AS A CHIEF CO-SPONSOR PARKER 97-02-28 S POSTPONED 97-03-06 S AMENDMENT NO. 01-REVENUE S 97-03-06 S ADOPTED 97-03-06 S DO PASS AS AMENDED 007-000-000 SREV 97-03-06 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-11 97-03-06 S ADDED AS A CO-SPONSOR SEVERNS 97-03-11 S SECOND READING 97-03-11 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-12 97-03-12 S THIRD READING - PASSED 059-000-000 97-03-12 H ARRIVE IN HOUSE 97-03-12 H PLACED CALENDAR ORDER OF FIRST READING 97-03-20 H HOUSE SPONSOR PANKAU 97-03-20 H FIRST READING 97-03-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-21 H ASSIGNED TO COMMITTEE REVENUE 97-05-05 H ADDED AS A JOINT SPONSOR WOOD 97-05-08 H DO PASS/SHORT DEBATE 011-000-000 HREV 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-09 H SECOND READING-SHORT DEBATE 97-05-09 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-12 H THIRD READING/SHORT DEBATE/PASSED 116-001-000 97-05-12 S PASSED BOTH HOUSES 97-06-10 S SENT TO THE GOVERNOR 97-07-23 S GOVERNOR APPROVED 97-07-23 S EFFECTIVE DATE 97-07-23 97-07-23 S PUBLIC ACT.............................. 90-0169 END OF INQUIRY Full Text Bill Summary