90th General Assembly
Status of SB1556
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
FARLEY-O'MALLEY.

   35 ILCS 200/18-55                                                           
   35 ILCS 200/18-56                                                           
   35 ILCS 200/18-60                                                           
   35 ILCS 200/18-65                                                           
   35 ILCS 200/18-66 new                                                       
   35 ILCS 200/18-70                                                           
   35 ILCS 200/18-80                                                           
   35 ILCS 200/18-85                                                           
   35 ILCS 200/18-90                                                           
   35 ILCS 200/18-105                                                          
   30 ILCS 805/8.22 new                                                        

        Amends the Property Tax Code.  Revises the  purposes  Section  of      
   the  Truth  in Taxation Law in the Property Tax Code to require taxing      
   districts to hold public hearings  on  their  intention  to  adopt  an      
   aggregate  levy  and to publish their intentions to adopt an aggregate      
   levy in amounts more  than  5%  or  the  percentage  increase  in  the      
   Consumer  Price  Index, whichever is less, over the amount of property      
   taxes extended or estimated  to  be  extended,  including  any  amount      
   abated  by the taxing district prior to such extension, upon the final      
   aggregate levy of the preceding year.  Sets a uniform date for  filing      
   appropriation  ordinances.  Amends  the  State Mandates Act to require      
   implementation without reimbursement. Effective January 1, 1999.            
   98-02-19  S  FIRST READING                                                  
   98-02-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-02-25  S  ADDED AS A CHIEF CO-SPONSOR              O'MALLEY              
   98-03-05  S       ASSIGNED TO COMMITTEE               REVENUE               
   98-03-12  S       TO SUBCOMMITTEE                                           
   98-03-12  S                   COMMITTEE               REVENUE               
   98-03-13  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary