Senate Sponsors: RADOGNO. Short description: PROP TX-PTELL-LIMITING RATE Synopsis of Bill as introduced: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that for levy years before the 1998 levy year, those taxing districts that reduced their aggregate extension for the last preceding levy year shall use the highest aggregate extension in any of the last 3 preceding levy years for computing the limiting rate. Provides that for the 1998 levy year and thereafter, if the aggregate extension of a taxing district for a levy year is less than the amount authorized under the Law, the difference between the amount levied and the amount authorized may be added to the numerator in the computation of the limiting rate for any succeeding levy year. Effective January 1, 1999. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status