IL HB3129 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on February 25 2015 - 25% progression, died in committee
Action: 2015-04-20 - Added Co-Sponsor Rep. Silvana Tabares
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 25 2015 - 25% progression, died in committee
Action: 2015-04-20 - Added Co-Sponsor Rep. Silvana Tabares
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, beginning with the 2020 levy year, the Law applies to all taxing districts in the State (currently, the Law applies to non-home rule taxing districts in Cook County, non-home rule taxing districts in counties that are contiguous to Cook, and other taxing districts by referendum). Provides that, beginning in levy year 2020, the extension limitation shall be 1.75% or the rate of increase approved by voters (currently, (A) the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (B) the rate of increase approved by voters). Preempts home rule powers. Provides that, beginning in levy year 2016, when calculating the equalized assessed value of property, the multiplier shall be applied to the mean value of the previous 3 general assessments. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PROP TX-STATEWIDE TAX CAP
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-20 | House | Added Co-Sponsor Rep. Silvana Tabares |
| 2015-04-16 | House | Added Co-Sponsor Rep. Litesa E. Wallace |
| 2015-04-16 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2015-04-16 | House | Added Co-Sponsor Rep. Martin J. Moylan |
| 2015-04-02 | House | Added Co-Sponsor Rep. John C. D'Amico |
| 2015-04-02 | House | Added Co-Sponsor Rep. Thaddeus Jones |
| 2015-04-02 | House | Added Co-Sponsor Rep. Michael J. Zalewski |
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-18 | House | Added Co-Sponsor Rep. Elgie R. Sims, Jr. |
| 2015-03-18 | House | Added Co-Sponsor Rep. Mike Smiddy |
| 2015-03-13 | House | To Property Tax Subcommittee |
| 2015-03-12 | House | Added Co-Sponsor Rep. Jehan Gordon-Booth |
| 2015-03-12 | House | Added Co-Sponsor Rep. Anthony DeLuca |
| 2015-03-12 | House | Added Co-Sponsor Rep. Arthur Turner |
| 2015-03-12 | House | Added Co-Sponsor Rep. Daniel V. Beiser |
| 2015-03-12 | House | Added Co-Sponsor Rep. Carol Sente |
| 2015-03-10 | House | Assigned to Revenue & Finance Committee |
| 2015-03-04 | House | Added Co-Sponsor Rep. Jerry Costello, II |
| 2015-02-25 | House | Referred to Rules Committee |
| 2015-02-25 | House | First Reading |
| 2015-02-25 | House | Filed with the Clerk by Rep. Jack D. Franks |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.39 | New Code | See Bill Text |
| 35 | 200 | 18-185 | Amended Code | Citation Text |
| 35 | 200 | 18-205 | Amended Code | Citation Text |
| 35 | 200 | 18-212 | Amended Code | Citation Text |
| 35 | 200 | 18-214 | Amended Code | Citation Text |
| 35 | 200 | 18-40 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3129&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB3129.htm |
