IL HB4429 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 10-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 10-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of 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). Provides that a referendum to increase the extension limitation may not be conducted at a general primary or a consolidated primary election. Provides that certain supplemental information must be provided on the referendum ballot. Effective immediately.
Title
PROP TX-FALLING EAV
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-12-03 | House | Session Sine Die |
2014-05-08 | House | Added Co-Sponsor Rep. Ed Sullivan, Jr. |
2014-05-08 | House | Added Co-Sponsor Rep. Michael P. McAuliffe |
2014-05-07 | House | Added Chief Co-Sponsor Rep. David McSweeney |
2014-05-07 | House | Added Co-Sponsor Rep. Kay Hatcher |
2014-05-07 | House | Added Co-Sponsor Rep. Dennis M. Reboletti |
2014-05-07 | House | Added Co-Sponsor Rep. Barbara Wheeler |
2014-05-07 | House | Added Co-Sponsor Rep. Patricia R. Bellock |
2014-03-28 | House | Rule 19(a) / Re-referred to Rules Committee |
2014-03-03 | House | Added Chief Co-Sponsor Rep. Sandra M. Pihos |
2014-02-27 | House | To Property Tax Subcommittee |
2014-02-27 | House | Assigned to Revenue & Finance Committee |
2014-01-31 | House | Added Chief Co-Sponsor Rep. Thomas Morrison |
2014-01-29 | House | Referred to Rules Committee |
2014-01-29 | House | First Reading |
2014-01-29 | House | Filed with the Clerk by Rep. Ron Sandack |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 18-185 | Amended Code | Citation Text |
35 | 200 | 18-205 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4429&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
Text | https://www.ilga.gov/legislation/98/HB/09800HB4429.htm |