92nd General Assembly
Summary of HB3706
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House Sponsors:
MILLER.

Short description: 
SCH CD-TAX EQ GRANT-ST AID EAV                                             

Synopsis of Bill as introduced:
        Amends the School Code. Provides that if a school district has  a      
   single  taxpayer  whose  property  taxes  for  a  single  tax year are      
   delinquent for a period of 6 months or more and whose  property  taxes      
   for  that  tax  year  represent  25%  or  more of the district's total      
   property tax revenue for that tax year, then the district is  entitled      
   to  a  one-time  tax-equivalent  grant.  Makes a change concerning the      
   equalized assessed valuation used in calculating general State aid for      
   a school district whose original equalized assessed  valuation  is  at      
   least  20%  less  for  the year subsequent to the year scheduled to be      
   used in  calculating  the  district's  general  State  aid.  Effective      
   immediately.                                                                
 
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