Public Act 90-0339 of the 90th General Assembly
Public Act 90-0339
HB1384 Enrolled LRB9003873KDcw
AN ACT to amend the Property Tax Code by changing Section
18-195.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Section 18-195 as follows:
(35 ILCS 200/18-195)
Sec. 18-195. Limitation. Tax extensions made under
Sections 18-45 and 18-105 are further limited by the
provisions of this Law.
For those taxing districts that have levied in any
previous levy year for any funds included in the aggregate
extension, the county clerk shall extend a rate for the sum
of these funds that is no greater than the limiting rate.
For those taxing districts that have never levied for
any funds included in the aggregate extension, the county
clerk shall extend an amount no greater than the amount
approved by the voters in a referendum under Section 18-210.
If the county clerk is required to reduce the aggregate
extension of a taxing district by provisions of this Law, the
county clerk shall proportionally reduce the extension for
each fund unless otherwise requested by the taxing district.
Upon written request of the corporate authority of a
village, the county clerk shall calculate separate limiting
rates for the library funds and for the aggregate of the
other village funds in order to reduce the funds as may be
required under provisions of this Law. In calculating the
limiting rate for the library, the county clerk shall use
only the part of the aggregate extension base applicable to
the library, and for any rate increase or decrease factor
under Section 18-230 the county clerk shall use only any new
rate or rate increase applicable to the library funds and the
part of the rate applicable to the library in determining
factors under that Section. The county clerk shall calculate
the limiting rate for all other village funds using only the
part of the aggregate extension base not applicable to the
library, and for any rate increase or decrease factor under
Section 18-230 the county clerk shall use only any new rate
or rate increase not applicable to the library funds and the
part of the rate not applicable to the library in determining
factors under that Section. If the county clerk is required
to reduce the aggregate extension of the library portion of
the levy, the county clerk shall proportionally reduce the
extension for each library fund unless otherwise requested by
the library board. If the county clerk is required to reduce
the aggregate extension of the portion of the levy not
applicable to the library, the county clerk shall
proportionally reduce the extension for each fund not
applicable to the library unless otherwise requested by the
village.
(Source: P.A. 87-17; 88-455.)
Section 99. Effective date. This Act takes effect upon
becoming law.