92nd General Assembly
Summary of HB0922
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House Sponsors:
YARBROUGH-DURKIN-SAVIANO.

Senate Sponsors:
WALSH,T-O'MALLEY

Short description: 
COOK TRUTH IN TAXATION-HEARING                                             

Synopsis of Bill as introduced:
        Amends the Cook County Truth in Taxation Law in the Property  Tax      
   Code.    Provides  that taxing districts in Cook County that intend to      
   increase a tax levy shall hold a hearing on the proposed  increase  at      
   the  first  regularly  scheduled meeting of the taxing district in the      
   month of December, unless no regularly schedule meeting  is  held,  in      
   which  case  the  hearing  shall be held on a certain day in December,      
   depending on the type of district.  Effective immediately.                  
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that the hearing concerning an increase in the tax  levy      
   shall  be  held at the first regularly scheduled meeting of the taxing      
   district in the month of December or on a  certain  day  in  December,      
   depending  on  the  type  of taxing district (underlying bill provides      
   that hearing shall be held at the first regularly scheduled meeting of      
   the taxing district  in  the  month  of  December  and  that,  if  the      
   corporate  authority  does  not  hold  regularly scheduled meetings in      
   December, hearings shall  be  held  on  a  certain  day  in  December,      
   depending  on  the type of taxing district) (current law provides that      
   hearings shall be held on a certain day in December, depending on  the      
   type of taxing district).                                                   
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          35 ILCS 200/21-30                                                    
        Further amends the Property Tax Code.  Provides that if, prior to      
   the preparation of estimated tax bills in counties with  3,000,000  or      
   more inhabitants, a certificate of error has been either approved by a      
   court  on  or  before  November  30 of the preceding year or certified      
   pursuant to Section 14-15 on or before November 30  of  the  preceding      
   year,  then  the first installment of taxes on the estimated tax bills      
   shall be computed at 50% of the total taxes for the preceding year  as      
   corrected  by  the certificate of error (now, the first installment is      
   equal to 50% of the total of each tax bill for the preceding year).         
 
Last action on Bill: PUBLIC ACT.............................. 92-0475

   Last action date: AUG-23-2001

           Location: House

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


   END OF INQUIRY 



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