House Sponsors: KRAUSE-LANG. Senate Sponsors: BUTLER Short description: PROP TX-PTELL-NEW PROPERTY Synopsis of Bill as introduced: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the county clerk in a county with a population of 3,000,000 or more shall include in the 1997 calculation of new property for any school district in the county the recovered tax increment value in that district for the 1995 tax year. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that in counties of 3,000,000 or more, the county clerk shall include in the 1997 recovered tax increment value for any school district, any recovered tax increment value applicable to the 1995 tax year calculation (now the county clerk shall include in the 1997 calculation of new property for any school district in the county the recovered tax increment value received in that district in the 1995 tax year). Last action on Bill: PUBLIC ACT.............................. 90-0616 Last action date: 98-07-10 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status