Illinois Senate Bill 196

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2023 - 25% progression
Action: 2023-01-31 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately.

PTELL-AGGREGATE EXTENSION

Sen. Dan McConchie [R]

Date	Chamber	Action
2023-01-31	Senate	Referred to Assignments
2023-01-31	Senate	First Reading
2023-01-31	Senate	Filed with Secretary by Sen. Dan McConchie

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text
35	200	18-205	Amended Code	Citation Text
35	200	18-207	New Code	See Bill Text
35	200	18-212	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=196&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB0196.htm