House Sponsors: DART-LANG. Short description: PROP TX-TRUTH IN TX-LESS 3 MIL Synopsis of Bill as introduced: Amends the Property Tax Code. Requires taxing districts with a majority of their equalized assessed value within a county of 3,000,000 or more inhabitants to disclose by publication and hold a public hearing on adopting an aggregate levy in amounts (i) more than 105% of the amount of property taxes extended upon the final aggregate levy of the preceding year or (ii) more than the amount of property taxes extended upon the final aggregate levy of the preceding year increased by the percentage increase in the C.P.I. during the calendar year preceding the levy year, whichever is less. Requires taxing districts with a majority of their equalized assessed value within a county of less than 3,000,000 to disclose by publication and hold a hearing on their intent to adopt an aggregate levy in amounts more than 105% of the amount of property taxes extended upon the aggregate levy of the preceding year. Requires the taxing district to determine "election costs" not less than 30 (now 20) days prior to the adoption of its levy. Provides hearing schedules for taxing districts with a majority of current equalized assessed value within a county having 3,000,000 or more inhabitants on their intention to adopt an aggregate levy. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/18-56 35 ILCS 200/18-60 35 ILCS 200/18-65 35 ILCS 200/18-70 35 ILCS 200/18-72 new 35 ILCS 200/18-85 35 ILCS 200/18-90 Adds reference to: 35 ILCS 200/17-5 Deletes everything. Amends the Property Tax Code to make a technical change in the Section concerning equalization among counties. FISCAL NOTE, H-AM 1 (Dept. of Revenue) There is no fiscal impact to this Dept. STATE MANDATES FISCAL NOTE, H-AM 1 HB166, with H-am 1, fails to create a State mandate. HOME RULE NOTE, H-AM 1 HB166, with H-am 1, does not preempt home rule authority. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status