Bill Amendment: IL SB0508 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: PROP TX-PTELL

Status: 2021-08-20 - Public Act . . . . . . . . . 102-0519 [SB0508 Detail]

Download: Illinois-2021-SB0508-Senate_Amendment_001.html

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Sen. Donald P. DeWitte

Filed: 4/16/2021

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AMENDMENT TO SENATE BILL 508
AMENDMENT NO. ______. Amend Senate Bill 508 by replacing
everything from line 11 on page 19 through line 3 on page 20
with the following:
"(35 ILCS 200/18-233 new)
Sec. 18-233. Adjustments for certificates of error,
certain court orders, or final administrative decisions of the
Property Tax Appeal Board. Beginning in levy year 2021, a
taxing district levy shall be increased by a prior year
adjustment whenever an assessment decrease due to the issuance
of a certificate of error, a court order issued pursuant to an
assessment valuation complaint under Section 23-15, or a final
administrative decision of the Property Tax Appeal Board
results in a refund from the taxing district of a portion of
the property tax revenue distributed to the taxing district.
Whenever an adjustment is required under this Section, the
aggregate levy of the taxing district shall be increased by a

10200SB0508sam001 - 2 - LRB102 04495 HLH 25274 a
supplemental levy to recapture the property tax revenue lost
by the refunds paid by the taxing district. The supplemental
levy shall be applied by the county clerk annually to the
taxing district's total levy in an amount determined by the
county treasurer who shall certify to the county clerk the
aggregate refunds paid by a taxing district for purposes of
this Section. The supplemental levy may not exceed an amount
equal to the aggregate refunds paid by the taxing district for
the 12-month period prior to November 1 of each year. On or
before November 15 of each year, the county treasurer shall
certify the aggregate refunds paid by a taxing district during
such 12-month period for purposes of this Section. For
purposes of this Division, the taxing district's aggregate
extension base shall not include the supplemental levy
authorized under this Section.".