90th General Assembly
Summary of SB0039
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Senate Sponsors:
KARPIEL-PARKER AND SEVERNS.

House Sponsors:
PANKAU-WOOD

Short description: 
LIBRARY SYS-GRANTS-TAX CAPS                                                

Synopsis of Bill as introduced:
        Amends  the  Illinois  Library  System   Act.    Provides   that,      
   notwithstanding  any other provision, if a library that is receiving a      
   grant is located in a taxing district  that  becomes  subject  to  the      
   Property Tax Extension Limitation Law in the Property Tax Code and if,      
   as  a result of becoming subject to that Law the corporate authorities      
   of the taxing district no longer levy a tax at a rate that  meets  the      
   rate  prescribed  to  qualify  for  the grant, the library shall still      
   receive the grant  it  received  prior  to  becoming  subject  to  the      
   Property Tax Extension Limitation Law.  Effective immediately.              
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          75 ILCS 10/8                    from Ch. 81, par. 118                
        Deletes everything.  Amends  the  Illinois  Library  System  Act.      
   Provides  that  if  a library is subject to the Property Tax Extension      
   Limitation Law in the Property Tax Code and its tax levy  for  library      
   purposes  has  been  lowered  to a rate of less than .13%, the library      
   will qualify for a State grant if the library levied a tax for library      
   purposes that met the grant requirements in the previous year  and  if      
   the  tax  levied  for  the  library  in  the current year produces tax      
   revenue that is an increase of 5% over the previous  year's  extension      
   or  the percentage increase in the CPI, whichever is less, and the tax      
   revenue produced by the levy is less than $4.25 per  capita.  Provides      
   that if this is the case, the State Librarian is authorized to make an      
   equalization  grant equivalent to the difference between the amount of      
   the tax revenue obtained from the current levy and an annual income of      
   $4.25  per  capita.   Provides  that  if  a   library   receiving   an      
   equalization grant reduces its tax levy below the amount levied at the      
   time  the  original application is approved, it shall be ineligible to      
   receive further equalization grants.  Provides  that  the  requirement      
   that  the  public  library have a tax levied for library purposes at a      
   rate not less than .13%, or a county library have  a  tax  levied  for      
   library purposes at a rate not less than .07% is waived if the library      
   is  subject  to  PTELL and its levy has been lowered to a rate of less      
   than .13% if the library qualified for the grant in the previous  year      
   and  if  the  tax  levied  for  library  purposes  in the current year      
   produces tax revenue for library purposes that is an increase over the      
   previous year's extension of 5% or the percentage increase in the CPI,      
   whichever is less. Effective immediately.                                   
 
Last action on Bill: PUBLIC ACT.............................. 90-0169

   Last action date: 97-07-23

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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