House Sponsors: GRANBERG. Short description: PROP TAX-EXTENSION LIMITATION Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that for a municipality that increased in population to 5,000 or above, as determined by the most recent federal decennial census, "extension limitation" means, for only the levy year following the determination by the federal decennial census that the municipality's population has increased to 5,000 or above, the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year plus the additional amount required to fund the first year of a police pension, fire pension, and Illinois Municipal Retirement Fund pension mandated as a result of the municipality's increase in population to 5,000 or above, which amount shall thereafter be included in the taxing district's aggregate extension base. FISCAL NOTE (Department of Revenue) HB 1999 is a local government issue and does not create a fiscal impact with State receipts or the Department. STATE MANDATES NOTE (Dept. of Commerce & Community Affairs) In the opinion of the Department of Commerce and Community Affairs (DCCA), HB1999 fails to meet the definition of a State mandate under the State Mandates Act. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status