LONGTIME OWN PROP TX-SCHL DIST
Synopsis of Bill as introduced:
Amends the Longtime Owner-Occupant Property Tax Relief Act.
Provides that if the corporate authority of a county with 3,000,000 or
more inhabitants enacts an ordinance or resolution designating certain
areas eligible for the special property tax relief under the Act, a
municipality having a population exceeding 500,000 within that county
and a school district in a municipality having a population exceeding
500,000 within that county must participate in the program. Preempts
home rule. Effective immediately.
SENATE AMENDMENT NO. 1
Adds that the current provisions concerning the participation
authority of a municipality or school district do not apply to those
governmental bodies governed by the amendatory provisions.
FISCAL NOTE (Dpt. Revenue)
Does not create a fiscal impact to the State.
STATE MANDATES ACT FISCAL NOTE
Creates a tax exemption mandate requiring 100% reimbursement.
HOME RULE NOTE
SB 1370 contains a denial and limitation of home rule powers
and functions under subsection (g) of Section 6 of Article
VII of the Illinois Constitution.
Last action on Bill: PUBLIC ACT.............................. 90-0648
Last action date: 98-07-24
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status