90th General Assembly
Summary of HB0571
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House Sponsors:

Senate Sponsors:

Short description: 
PROP TX-TRUTH IN TAX-SAME DATE                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code,  the  Counties  Code,  the  Airport      
   Authorities   Act,   the   Springfield   Metropolitan  Exposition  and      
   Auditorium Act, the Soil and Water  Conservation  Districts  Act,  the      
   Conservation  Districts  Act,  the  Fire  Protection District Act, the      
   Downstate  Forest  Preserve  District  Act,  the  Cook  County  Forest      
   Preserve District Act, the Public Health District  Act,  the  Hospital      
   District  Law, the Museum District Act, the Chicago Park District Act,      
   the River Conservancy District Act, the Sanitary District Act of 1907,      
   the  North  Shore  Sanitary  District  Act,  the  Metropolitan   Water      
   Reclamation  District  Act,  the  Sanitary  District  Act of 1936, the      
   Public Library District Act of  1991,  and  the  Metro  East  Sanitary      
   District  Act  of  1974.  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, 1998.                           
          STATE MANDATES FISCAL NOTE                                           
          HB571 creates a "local government organization and structure         
          mandate" which does not require State reimbursement.                 
          FISCAL NOTE (Dept. of Revenue)                                       
          HB 571 has no fiscal impact on this Dept.                            
          HOME RULE NOTE                                                       
          HB571 does not preempt home rule powers.                             
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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