PROP TAX-APPORTIONED EXTENSION
Synopsis of Bill as introduced:
Amends the Property Tax Code. Provides that procedures to
correct an over extension or under extension in certain portions of an
overlapping taxing district due to the use by one county in the
overlapping district of a prior certified percentage of that county's
tax burden may also be used if a court determines by a final judgment
that for any year use of a prior certified percentage resulted in an
over or under extension for the overlapping taxing district. Provides
procedures to correct an over extension or under extension in cases
resulting from a court determination. Effective immediately.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
35 ILCS 200/18-155
Adds reference to:
35 ILCS 200/18-157 new
Deletes everything after the enacting clause. Provides that if a
court, in any tax objection based on the apportionment of an
overlapping taxing district, for any year prior to the year of the
effective date of this amendatory Act of the 92nd General Assembly,
enters a final judgment that there was an over extension or under
extension of taxes for an overlapping taxing district based on the
apportionment for the year for which the objection was filed, the
county clerks of each county in which there was an under extension
shall proportionately increase the levy of that taxing district by an
amount specified in the court order and that the funds collected shall
be delivered to the county collector of each county in which there was
an over extension for distribution to the tax objectors in accordance
with the court order. Effective immediately.
SENATE AMENDMENT NO. 1.
Adds reference to:
105 ILCS 5/17-3A new
Amends the School Code. Restates the provisions amending the
Property Tax Code but applies them to school districts specifically
rather than to all taxing districts.
Last action on Bill: PUBLIC ACT.............................. 92-0377
Last action date: AUG-16-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
Full Text Bill Status