IL SB2968 | 2021-2022 | 102nd General Assembly

Illinois Senate Bill 2968 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 15 2021 - 25% progression, died in committee
Action: 2022-02-10 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality may by ordinance declare that the municipality will have a projected surplus of revenues in a fiscal year from any source. Allows the corporate authorities to abate the property tax levied by the municipality by the projected surplus amount. Provides that any amounts abated shall be considered as part of the municipality's aggregate extension for the fiscal year in question. Amends the Property Tax Code making conforming changes.

Title

MUNI CD-LEVY ABATEMENT

History

Date	Chamber	Action
2022-02-10	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2022-02-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2022-02-10	Senate	Postponed - Revenue
2022-02-09	Senate	Senate Committee Amendment No. 1 Postponed - Revenue
2022-02-09	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
2022-02-07	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2022-02-07	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Patrick J. Joyce
2022-02-07	Senate	Postponed - Revenue
2022-01-05	Senate	Assigned to Revenue
2021-12-15	Senate	Referred to Assignments
2021-12-15	Senate	First Reading
2021-12-15	Senate	Filed with Secretary by Sen. Patrick J. Joyce

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text
65	5	8-3-20	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2968&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2968.htm
Amendment	https://www.ilga.gov/legislation/102/SB/10200SB2968sam001.htm