Bill Amendment: IL HB3052 | 2017-2018 | 100th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: SCH CD-CHICAGO HTS/FORD HTS

Status: 2018-01-31 - Tabled [HB3052 Detail]

Download: Illinois-2017-HB3052-House_Amendment_002.html

---

Rep. Thaddeus Jones

Filed: 4/21/2017

10000HB3052ham002 LRB100 09495 MLM 25299 a
AMENDMENT TO HOUSE BILL 3052
AMENDMENT NO. ______. Amend House Bill 3052 by replacing
everything after the enacting clause with the following:
"Section 5. The School Code is amended by adding Section
19-1.2 as follows:
(105 ILCS 5/19-1.2 new)
Sec. 19-1.2. Limiting tax rate for multiple school district
municipalities.
(a) As used in this Section:
"Limiting tax rate" is an elementary school district's
maximum aggregate extension under the Property Tax Extension
Limitation Law.
"Major district" means an elementary school district whose
boundaries are wholly or partially within a multiple school
district municipality and in which the percentage of its
equalized assessed value within the multiple school district

10000HB3052ham002 - 2 - LRB100 09495 MLM 25299 a
municipality is at least 70% of its entire equalized assessed
value.
"Minor district" means an elementary school district whose
boundaries are wholly or partially within a multiple school
district municipality and in which (i) the percentage of its
equalized assessed value within the multiple school district
municipality is at least 30% of its entire equalized assessed
value and (ii) the school district has exceeded its debt
limitation provided for by referendum in accordance with
Section 19-1 of this Code by at least 400% or the school
district's limiting tax rate exceeds the limiting tax rate of
the major district in a multiple school district municipality
by at least 200%.
"Multiple school district municipality" means a
municipality that contains parts of at least 4 elementary
school districts within its corporate boundaries.
(b) A minor district shall not have an annual tax rate, for
properties located within the corporate limits of a multiple
school district municipality, that exceeds the sum of its debt
rate and the major district's limiting tax rate.
(c) A minor district is prohibited from borrowing any
additional funds, including the refunding of debt, in excess of
400% of the debt limitation provided by Section 19-1 of this
Code. Notwithstanding the preceding sentence, a minor district
that has exceeded 400% of the debt limitation provided by
Section 19-1 of this Code as of the effective date of this

10000HB3052ham002 - 3 - LRB100 09495 MLM 25299 a
amendatory Act of the 100th General Assembly shall be
prohibited from borrowing any additional funds.
(d) For tax levy year 2017, a minor district is prohibited
from extending a tax rate, for properties located within the
corporate limits of a multiple school district municipality,
that exceeds the total of the minor district's debt rate and
175% of the total of the major district's limiting tax rate.
(e) For tax levy year 2018, a minor district is prohibited
from extending a tax rate, for properties located within the
corporate limits of a multiple school district municipality,
that exceeds the total of the minor district's debt rate and
150% of the total of the major district's limiting tax rate.
(f) For all tax levy years after 2018, a minor district is
prohibited from extending a tax rate, for properties located
within the corporate limits of a multiple school district
municipality, that exceeds the total of the minor district's
debt rate and the major district's limiting tax rate.
Section 99. Effective date. This Act takes effect upon
becoming law.".