Bill Title: Amends the Property Tax Code. Provides that, if in any taxable year the governing authority of any taxing district determines that a surplus of funds is available from any source, that taxing district may, by resolution or ordinance, eliminate its tax levy for that taxable year. Provides that the taxing district may resume its tax levy in any subsequent taxable year without additional referendum approval.

Spectrum: Moderate Partisan Bill (Democrat 21-5)

Status: (Passed) 2012-08-20 - Public Act . . . . . . . . . 97-1035 [HB1645 Detail]

Text: Latest bill text (Chaptered) [HTML]

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