Bill Text: IL HB0189 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Amends the Property Tax Code. Provides that, rates may be calculated beyond 3 decimal points to allow the extension to be as close to the levy requested as possible. Effective immediately.
Spectrum: Partisan Bill (Democrat 29-1)
Status: (Failed) 2014-12-03 - Session Sine Die [HB0189 Detail]
Download: Illinois-2013-HB0189-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 189
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| 2 | AMENDMENT NO. ______. Amend House Bill 189 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Property Tax Code is amended by changing | ||||||
| 5 | Section 18-140 as follows:
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| 6 | (35 ILCS 200/18-140)
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| 7 | Sec. 18-140.
Extension upon equalized assessment of | ||||||
| 8 | current levy
year. All taxes shall be extended by each county | ||||||
| 9 | clerk upon the valuation
produced by the equalization and | ||||||
| 10 | assessment of property by the Department for
the levy year. In | ||||||
| 11 | the computation of rates, a fraction of a mill shall be
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| 12 | extended as the next higher mill. Rates may be calculated | ||||||
| 13 | beyond 3 decimal points to allow the extension to be as close | ||||||
| 14 | to the levy requested as possible. Each installment of taxes | ||||||
| 15 | shall be extended
in a separate column. Installments shall be | ||||||
| 16 | equal and as to each installment a
fraction of a cent shall be | ||||||
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| 1 | extended as one cent.
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| 2 | (Source: P.A. 87-17; 88-455.)
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| 3 | Section 99. Effective date. This Act takes effect upon | ||||||
| 4 | becoming law.".
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