FANTIN-DART-BIGGINS-RONEN-MOORE,EUGENE AND MCKEON.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status