Bill Text: IL HB2975 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Property Tax Extension Limitation Law of the Property Tax Code. Excludes from the definition of the term "aggregate extension" extensions made by a taxing district for contributions to a pension or retirement fund created under the Downstate Police, Downstate Fire, or IMRF Articles of the Illinois Pension Code for the first 5 taxable years after the taxing district first participates in such a system. Amends the Downstate Police and IMRF Articles of the Illinois Pension Code. Requires the referenda questions used to create a pension or retirement fund under the specified Articles to also authorize the levying of an annual tax for the purpose of participation in that fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB2975 Detail]
Download: Illinois-2011-HB2975-Introduced.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||||||
5 | Section 18-185 as follows:
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6 | (35 ILCS 200/18-185)
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7 | Sec. 18-185. Short title; definitions. This Division 5 may | ||||||||||||||||||||||||||||
8 | be cited as the
Property Tax Extension Limitation Law. As used | ||||||||||||||||||||||||||||
9 | in this Division 5:
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10 | "Consumer Price Index" means the Consumer Price Index for | ||||||||||||||||||||||||||||
11 | All Urban
Consumers for all items published by the United | ||||||||||||||||||||||||||||
12 | States Department of Labor.
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13 | "Extension limitation" means (a) the lesser of 5% or the | ||||||||||||||||||||||||||||
14 | percentage increase
in the Consumer Price Index during the | ||||||||||||||||||||||||||||
15 | 12-month calendar year preceding the
levy year or (b) the rate | ||||||||||||||||||||||||||||
16 | of increase approved by voters under Section 18-205.
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17 | "Affected county" means a county of 3,000,000 or more | ||||||||||||||||||||||||||||
18 | inhabitants or a
county contiguous to a county of 3,000,000 or | ||||||||||||||||||||||||||||
19 | more inhabitants.
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20 | "Taxing district" has the same meaning provided in Section | ||||||||||||||||||||||||||||
21 | 1-150, except as
otherwise provided in this Section. For the | ||||||||||||||||||||||||||||
22 | 1991 through 1994 levy years only,
"taxing district" includes | ||||||||||||||||||||||||||||
23 | only each non-home rule taxing district having the
majority of |
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1 | its
1990 equalized assessed value within any county or counties | ||||||
2 | contiguous to a
county with 3,000,000 or more inhabitants. | ||||||
3 | Beginning with the 1995 levy
year, "taxing district" includes | ||||||
4 | only each non-home rule taxing district
subject to this Law | ||||||
5 | before the 1995 levy year and each non-home rule
taxing | ||||||
6 | district not subject to this Law before the 1995 levy year | ||||||
7 | having the
majority of its 1994 equalized assessed value in an | ||||||
8 | affected county or
counties. Beginning with the levy year in
| ||||||
9 | which this Law becomes applicable to a taxing district as
| ||||||
10 | provided in Section 18-213, "taxing district" also includes | ||||||
11 | those taxing
districts made subject to this Law as provided in | ||||||
12 | Section 18-213.
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13 | "Aggregate extension" for taxing districts to which this | ||||||
14 | Law applied before
the 1995 levy year means the annual | ||||||
15 | corporate extension for the taxing
district and those special | ||||||
16 | purpose extensions that are made annually for
the taxing | ||||||
17 | district, excluding special purpose extensions: (a) made for | ||||||
18 | the
taxing district to pay interest or principal on general | ||||||
19 | obligation bonds
that were approved by referendum; (b) made for | ||||||
20 | any taxing district to pay
interest or principal on general | ||||||
21 | obligation bonds issued before October 1,
1991; (c) made for | ||||||
22 | any taxing district to pay interest or principal on bonds
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23 | issued to refund or continue to refund those bonds issued | ||||||
24 | before October 1,
1991; (d)
made for any taxing district to pay | ||||||
25 | interest or principal on bonds
issued to refund or continue to | ||||||
26 | refund bonds issued after October 1, 1991 that
were approved by |
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1 | referendum; (e)
made for any taxing district to pay interest
or | ||||||
2 | principal on revenue bonds issued before October 1, 1991 for | ||||||
3 | payment of
which a property tax levy or the full faith and | ||||||
4 | credit of the unit of local
government is pledged; however, a | ||||||
5 | tax for the payment of interest or principal
on those bonds | ||||||
6 | shall be made only after the governing body of the unit of | ||||||
7 | local
government finds that all other sources for payment are | ||||||
8 | insufficient to make
those payments; (f) made for payments | ||||||
9 | under a building commission lease when
the lease payments are | ||||||
10 | for the retirement of bonds issued by the commission
before | ||||||
11 | October 1, 1991, to pay for the building project; (g) made for | ||||||
12 | payments
due under installment contracts entered into before | ||||||
13 | October 1, 1991;
(h) made for payments of principal and | ||||||
14 | interest on bonds issued under the
Metropolitan Water | ||||||
15 | Reclamation District Act to finance construction projects
| ||||||
16 | initiated before October 1, 1991; (i) made for payments of | ||||||
17 | principal and
interest on limited bonds, as defined in Section | ||||||
18 | 3 of the Local Government Debt
Reform Act, in an amount not to | ||||||
19 | exceed the debt service extension base less
the amount in items | ||||||
20 | (b), (c), (e), and (h) of this definition for
non-referendum | ||||||
21 | obligations, except obligations initially issued pursuant to
| ||||||
22 | referendum; (j) made for payments of principal and interest on | ||||||
23 | bonds
issued under Section 15 of the Local Government Debt | ||||||
24 | Reform Act; (k)
made
by a school district that participates in | ||||||
25 | the Special Education District of
Lake County, created by | ||||||
26 | special education joint agreement under Section
10-22.31 of the |
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1 | School Code, for payment of the school district's share of the
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2 | amounts required to be contributed by the Special Education | ||||||
3 | District of Lake
County to the Illinois Municipal Retirement | ||||||
4 | Fund under Article 7 of the
Illinois Pension Code; the amount | ||||||
5 | of any extension under this item (k) shall be
certified by the | ||||||
6 | school district to the county clerk; (l) made to fund
expenses | ||||||
7 | of providing joint recreational programs for the handicapped | ||||||
8 | under
Section 5-8 of
the
Park District Code or Section 11-95-14 | ||||||
9 | of the Illinois Municipal Code; (m) made for temporary | ||||||
10 | relocation loan repayment purposes pursuant to Sections 2-3.77 | ||||||
11 | and 17-2.2d of the School Code; (n) made for payment of | ||||||
12 | principal and interest on any bonds issued under the authority | ||||||
13 | of Section 17-2.2d of the School Code; and (o) made for | ||||||
14 | contributions to a firefighter's pension fund created under | ||||||
15 | Article 4 of the Illinois Pension Code, to the extent of the | ||||||
16 | amount certified under item (5) of Section 4-134 of the | ||||||
17 | Illinois Pension Code ; and (p) made for contributions to a | ||||||
18 | pension or retirement fund created under Article 3, 4, or 7 of | ||||||
19 | the Illinois Pension Code for the first 5 taxable years after | ||||||
20 | the taxing district first participates in the pension or | ||||||
21 | retirement system created, by referendum or otherwise, under | ||||||
22 | that Article .
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23 | "Aggregate extension" for the taxing districts to which | ||||||
24 | this Law did not
apply before the 1995 levy year (except taxing | ||||||
25 | districts subject to this Law
in
accordance with Section | ||||||
26 | 18-213) means the annual corporate extension for the
taxing |
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1 | district and those special purpose extensions that are made | ||||||
2 | annually for
the taxing district, excluding special purpose | ||||||
3 | extensions: (a) made for the
taxing district to pay interest or | ||||||
4 | principal on general obligation bonds that
were approved by | ||||||
5 | referendum; (b) made for any taxing district to pay interest
or | ||||||
6 | principal on general obligation bonds issued before March 1, | ||||||
7 | 1995; (c) made
for any taxing district to pay interest or | ||||||
8 | principal on bonds issued to refund
or continue to refund those | ||||||
9 | bonds issued before March 1, 1995; (d) made for any
taxing | ||||||
10 | district to pay interest or principal on bonds issued to refund | ||||||
11 | or
continue to refund bonds issued after March 1, 1995 that | ||||||
12 | were approved by
referendum; (e) made for any taxing district | ||||||
13 | to pay interest or principal on
revenue bonds issued before | ||||||
14 | March 1, 1995 for payment of which a property tax
levy or the | ||||||
15 | full faith and credit of the unit of local government is | ||||||
16 | pledged;
however, a tax for the payment of interest or | ||||||
17 | principal on those bonds shall be
made only after the governing | ||||||
18 | body of the unit of local government finds that
all other | ||||||
19 | sources for payment are insufficient to make those payments; | ||||||
20 | (f) made
for payments under a building commission lease when | ||||||
21 | the lease payments are for
the retirement of bonds issued by | ||||||
22 | the commission before March 1, 1995 to
pay for the building | ||||||
23 | project; (g) made for payments due under installment
contracts | ||||||
24 | entered into before March 1, 1995; (h) made for payments of
| ||||||
25 | principal and interest on bonds issued under the Metropolitan | ||||||
26 | Water Reclamation
District Act to finance construction |
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1 | projects initiated before October 1,
1991; (h-4) made for | ||||||
2 | stormwater management purposes by the Metropolitan Water | ||||||
3 | Reclamation District of Greater Chicago under Section 12 of the | ||||||
4 | Metropolitan Water Reclamation District Act; (i) made for | ||||||
5 | payments of principal and interest on limited bonds,
as defined | ||||||
6 | in Section 3 of the Local Government Debt Reform Act, in an | ||||||
7 | amount
not to exceed the debt service extension base less the | ||||||
8 | amount in items (b),
(c), and (e) of this definition for | ||||||
9 | non-referendum obligations, except
obligations initially | ||||||
10 | issued pursuant to referendum and bonds described in
subsection | ||||||
11 | (h) of this definition; (j) made for payments of
principal and | ||||||
12 | interest on bonds issued under Section 15 of the Local | ||||||
13 | Government
Debt Reform Act; (k) made for payments of principal | ||||||
14 | and interest on bonds
authorized by Public Act 88-503 and | ||||||
15 | issued under Section 20a of the Chicago
Park District Act for | ||||||
16 | aquarium or
museum projects; (l) made for payments of principal | ||||||
17 | and interest on
bonds
authorized by Public Act 87-1191 or | ||||||
18 | 93-601 and (i) issued pursuant to Section 21.2 of the Cook | ||||||
19 | County Forest
Preserve District Act, (ii) issued under Section | ||||||
20 | 42 of the Cook County
Forest Preserve District Act for | ||||||
21 | zoological park projects, or (iii) issued
under Section 44.1 of | ||||||
22 | the Cook County Forest Preserve District Act for
botanical | ||||||
23 | gardens projects; (m) made
pursuant
to Section 34-53.5 of the | ||||||
24 | School Code, whether levied annually or not;
(n) made to fund | ||||||
25 | expenses of providing joint recreational programs for the
| ||||||
26 | handicapped under Section 5-8 of the Park
District Code or |
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1 | Section 11-95-14 of the Illinois Municipal Code;
(o) made by | ||||||
2 | the
Chicago Park
District for recreational programs for the | ||||||
3 | handicapped under subsection (c) of
Section
7.06 of the Chicago | ||||||
4 | Park District Act; (p) made for contributions to a | ||||||
5 | firefighter's pension fund created under Article 4 of the | ||||||
6 | Illinois Pension Code, to the extent of the amount certified | ||||||
7 | under item (5) of Section 4-134 of the Illinois Pension Code; | ||||||
8 | and (q) made by Ford Heights School District 169 under Section | ||||||
9 | 17-9.02 of the School Code ; and (r) made for contributions to a | ||||||
10 | pension or retirement fund created under Article 3, 4, or 7 of | ||||||
11 | the Illinois Pension Code for the first 5 taxable years after | ||||||
12 | the taxing district first participates in the pension or | ||||||
13 | retirement system created, by referendum or otherwise, under | ||||||
14 | that Article .
| ||||||
15 | "Aggregate extension" for all taxing districts to which | ||||||
16 | this Law applies in
accordance with Section 18-213, except for | ||||||
17 | those taxing districts subject to
paragraph (2) of subsection | ||||||
18 | (e) of Section 18-213, means the annual corporate
extension for | ||||||
19 | the
taxing district and those special purpose extensions that | ||||||
20 | are made annually for
the taxing district, excluding special | ||||||
21 | purpose extensions: (a) made for the
taxing district to pay | ||||||
22 | interest or principal on general obligation bonds that
were | ||||||
23 | approved by referendum; (b) made for any taxing district to pay | ||||||
24 | interest
or principal on general obligation bonds issued before | ||||||
25 | the date on which the
referendum making this
Law applicable to | ||||||
26 | the taxing district is held; (c) made
for any taxing district |
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| |||||||
1 | to pay interest or principal on bonds issued to refund
or | ||||||
2 | continue to refund those bonds issued before the date on which | ||||||
3 | the
referendum making this Law
applicable to the taxing | ||||||
4 | district is held;
(d) made for any
taxing district to pay | ||||||
5 | interest or principal on bonds issued to refund or
continue to | ||||||
6 | refund bonds issued after the date on which the referendum | ||||||
7 | making
this Law
applicable to the taxing district is held if | ||||||
8 | the bonds were approved by
referendum after the date on which | ||||||
9 | the referendum making this Law
applicable to the taxing | ||||||
10 | district is held; (e) made for any
taxing district to pay | ||||||
11 | interest or principal on
revenue bonds issued before the date | ||||||
12 | on which the referendum making this Law
applicable to the
| ||||||
13 | taxing district is held for payment of which a property tax
| ||||||
14 | levy or the full faith and credit of the unit of local | ||||||
15 | government is pledged;
however, a tax for the payment of | ||||||
16 | interest or principal on those bonds shall be
made only after | ||||||
17 | the governing body of the unit of local government finds that
| ||||||
18 | all other sources for payment are insufficient to make those | ||||||
19 | payments; (f) made
for payments under a building commission | ||||||
20 | lease when the lease payments are for
the retirement of bonds | ||||||
21 | issued by the commission before the date on which the
| ||||||
22 | referendum making this
Law applicable to the taxing district is | ||||||
23 | held to
pay for the building project; (g) made for payments due | ||||||
24 | under installment
contracts entered into before the date on | ||||||
25 | which the referendum making this Law
applicable to
the taxing | ||||||
26 | district is held;
(h) made for payments
of principal and |
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| |||||||
1 | interest on limited bonds,
as defined in Section 3 of the Local | ||||||
2 | Government Debt Reform Act, in an amount
not to exceed the debt | ||||||
3 | service extension base less the amount in items (b),
(c), and | ||||||
4 | (e) of this definition for non-referendum obligations, except
| ||||||
5 | obligations initially issued pursuant to referendum; (i) made | ||||||
6 | for payments
of
principal and interest on bonds issued under | ||||||
7 | Section 15 of the Local Government
Debt Reform Act;
(j)
made | ||||||
8 | for a qualified airport authority to pay interest or principal | ||||||
9 | on
general obligation bonds issued for the purpose of paying | ||||||
10 | obligations due
under, or financing airport facilities | ||||||
11 | required to be acquired, constructed,
installed or equipped | ||||||
12 | pursuant to, contracts entered into before March
1, 1996 (but | ||||||
13 | not including any amendments to such a contract taking effect | ||||||
14 | on
or after that date); (k) made to fund expenses of providing | ||||||
15 | joint
recreational programs for the handicapped under Section | ||||||
16 | 5-8 of
the
Park District Code or Section 11-95-14 of the | ||||||
17 | Illinois Municipal Code; (l) made for contributions to a | ||||||
18 | firefighter's pension fund created under Article 4 of the | ||||||
19 | Illinois Pension Code, to the extent of the amount certified | ||||||
20 | under item (5) of Section 4-134 of the Illinois Pension Code; | ||||||
21 | and (m) made for the taxing district to pay interest or | ||||||
22 | principal on general obligation bonds issued pursuant to | ||||||
23 | Section 19-3.10 of the School Code ; and (n) made for | ||||||
24 | contributions to a pension or retirement fund created under | ||||||
25 | Article 3, 4, or 7 of the Illinois Pension Code for the first 5 | ||||||
26 | taxable years after the taxing district first participates in |
| |||||||
| |||||||
1 | the pension or retirement system created, by referendum or | ||||||
2 | otherwise, under that Article .
| ||||||
3 | "Aggregate extension" for all taxing districts to which | ||||||
4 | this Law applies in
accordance with paragraph (2) of subsection | ||||||
5 | (e) of Section 18-213 means the
annual corporate extension for | ||||||
6 | the
taxing district and those special purpose extensions that | ||||||
7 | are made annually for
the taxing district, excluding special | ||||||
8 | purpose extensions: (a) made for the
taxing district to pay | ||||||
9 | interest or principal on general obligation bonds that
were | ||||||
10 | approved by referendum; (b) made for any taxing district to pay | ||||||
11 | interest
or principal on general obligation bonds issued before | ||||||
12 | the effective date of
this amendatory Act of 1997;
(c) made
for | ||||||
13 | any taxing district to pay interest or principal on bonds | ||||||
14 | issued to refund
or continue to refund those bonds issued | ||||||
15 | before the effective date
of this amendatory Act of 1997;
(d) | ||||||
16 | made for any
taxing district to pay interest or principal on | ||||||
17 | bonds issued to refund or
continue to refund bonds issued after | ||||||
18 | the effective date of this amendatory Act
of 1997 if the bonds | ||||||
19 | were approved by referendum after the effective date of
this | ||||||
20 | amendatory Act of 1997;
(e) made for any
taxing district to pay | ||||||
21 | interest or principal on
revenue bonds issued before the | ||||||
22 | effective date of this amendatory Act of 1997
for payment of | ||||||
23 | which a property tax
levy or the full faith and credit of the | ||||||
24 | unit of local government is pledged;
however, a tax for the | ||||||
25 | payment of interest or principal on those bonds shall be
made | ||||||
26 | only after the governing body of the unit of local government |
| |||||||
| |||||||
1 | finds that
all other sources for payment are insufficient to | ||||||
2 | make those payments; (f) made
for payments under a building | ||||||
3 | commission lease when the lease payments are for
the retirement | ||||||
4 | of bonds issued by the commission before the effective date
of | ||||||
5 | this amendatory Act of 1997
to
pay for the building project; | ||||||
6 | (g) made for payments due under installment
contracts entered | ||||||
7 | into before the effective date of this amendatory Act of
1997;
| ||||||
8 | (h) made for payments
of principal and interest on limited | ||||||
9 | bonds,
as defined in Section 3 of the Local Government Debt | ||||||
10 | Reform Act, in an amount
not to exceed the debt service | ||||||
11 | extension base less the amount in items (b),
(c), and (e) of | ||||||
12 | this definition for non-referendum obligations, except
| ||||||
13 | obligations initially issued pursuant to referendum; (i) made | ||||||
14 | for payments
of
principal and interest on bonds issued under | ||||||
15 | Section 15 of the Local Government
Debt Reform Act;
(j)
made | ||||||
16 | for a qualified airport authority to pay interest or principal | ||||||
17 | on
general obligation bonds issued for the purpose of paying | ||||||
18 | obligations due
under, or financing airport facilities | ||||||
19 | required to be acquired, constructed,
installed or equipped | ||||||
20 | pursuant to, contracts entered into before March
1, 1996 (but | ||||||
21 | not including any amendments to such a contract taking effect | ||||||
22 | on
or after that date); (k) made to fund expenses of providing | ||||||
23 | joint
recreational programs for the handicapped under Section | ||||||
24 | 5-8 of
the
Park District Code or Section 11-95-14 of the | ||||||
25 | Illinois Municipal Code; and (l) made for contributions to a | ||||||
26 | firefighter's pension fund created under Article 4 of the |
| |||||||
| |||||||
1 | Illinois Pension Code, to the extent of the amount certified | ||||||
2 | under item (5) of Section 4-134 of the Illinois Pension Code ; | ||||||
3 | and (m) made for contributions to a pension or retirement fund | ||||||
4 | created under Article 3, 4, or 7 of the Illinois Pension Code | ||||||
5 | for the first 5 taxable years after the taxing district first | ||||||
6 | participates in the pension or retirement system created, by | ||||||
7 | referendum or otherwise, under that Article .
| ||||||
8 | "Debt service extension base" means an amount equal to that | ||||||
9 | portion of the
extension for a taxing district for the 1994 | ||||||
10 | levy year, or for those taxing
districts subject to this Law in | ||||||
11 | accordance with Section 18-213, except for
those subject to | ||||||
12 | paragraph (2) of subsection (e) of Section 18-213, for the
levy
| ||||||
13 | year in which the referendum making this Law applicable to the | ||||||
14 | taxing district
is held, or for those taxing districts subject | ||||||
15 | to this Law in accordance with
paragraph (2) of subsection (e) | ||||||
16 | of Section 18-213 for the 1996 levy year,
constituting an
| ||||||
17 | extension for payment of principal and interest on bonds issued | ||||||
18 | by the taxing
district without referendum, but not including | ||||||
19 | excluded non-referendum bonds. For park districts (i) that were | ||||||
20 | first
subject to this Law in 1991 or 1995 and (ii) whose | ||||||
21 | extension for the 1994 levy
year for the payment of principal | ||||||
22 | and interest on bonds issued by the park
district without | ||||||
23 | referendum (but not including excluded non-referendum bonds)
| ||||||
24 | was less than 51% of the amount for the 1991 levy year | ||||||
25 | constituting an
extension for payment of principal and interest | ||||||
26 | on bonds issued by the park
district without referendum (but |
| |||||||
| |||||||
1 | not including excluded non-referendum bonds),
"debt service | ||||||
2 | extension base" means an amount equal to that portion of the
| ||||||
3 | extension for the 1991 levy year constituting an extension for | ||||||
4 | payment of
principal and interest on bonds issued by the park | ||||||
5 | district without referendum
(but not including excluded | ||||||
6 | non-referendum bonds). A debt service extension base | ||||||
7 | established or increased at any time pursuant to any provision | ||||||
8 | of this Law, except Section 18-212, shall be increased each | ||||||
9 | year commencing with the later of (i) the 2009 levy year or | ||||||
10 | (ii) the first levy year in which this Law becomes applicable | ||||||
11 | to the taxing district, by the lesser of 5% or the percentage | ||||||
12 | increase in the Consumer Price Index during the 12-month | ||||||
13 | calendar year preceding the levy year. The debt service | ||||||
14 | extension
base may be established or increased as provided | ||||||
15 | under Section 18-212.
"Excluded non-referendum bonds" means | ||||||
16 | (i) bonds authorized by Public
Act 88-503 and issued under | ||||||
17 | Section 20a of the Chicago Park District Act for
aquarium and | ||||||
18 | museum projects; (ii) bonds issued under Section 15 of the
| ||||||
19 | Local Government Debt Reform Act; or (iii) refunding | ||||||
20 | obligations issued
to refund or to continue to refund | ||||||
21 | obligations initially issued pursuant to
referendum.
| ||||||
22 | "Special purpose extensions" include, but are not limited | ||||||
23 | to, extensions
for levies made on an annual basis for | ||||||
24 | unemployment and workers'
compensation, self-insurance, | ||||||
25 | contributions to pension plans, and extensions
made pursuant to | ||||||
26 | Section 6-601 of the Illinois Highway Code for a road
|
| |||||||
| |||||||
1 | district's permanent road fund whether levied annually or not. | ||||||
2 | The
extension for a special service area is not included in the
| ||||||
3 | aggregate extension.
| ||||||
4 | "Aggregate extension base" means the taxing district's | ||||||
5 | last preceding
aggregate extension as adjusted under Sections | ||||||
6 | 18-135, 18-215,
and 18-230.
An adjustment under Section 18-135 | ||||||
7 | shall be made for the 2007 levy year and all subsequent levy | ||||||
8 | years whenever one or more counties within which a taxing | ||||||
9 | district is located (i) used estimated valuations or rates when | ||||||
10 | extending taxes in the taxing district for the last preceding | ||||||
11 | levy year that resulted in the over or under extension of | ||||||
12 | taxes, or (ii) increased or decreased the tax extension for the | ||||||
13 | last preceding levy year as required by Section 18-135(c). | ||||||
14 | Whenever an adjustment is required under Section 18-135, the | ||||||
15 | aggregate extension base of the taxing district shall be equal | ||||||
16 | to the amount that the aggregate extension of the taxing | ||||||
17 | district would have been for the last preceding levy year if | ||||||
18 | either or both (i) actual, rather than estimated, valuations or | ||||||
19 | rates had been used to calculate the extension of taxes for the | ||||||
20 | last levy year, or (ii) the tax extension for the last | ||||||
21 | preceding levy year had not been adjusted as required by | ||||||
22 | subsection (c) of Section 18-135.
| ||||||
23 | "Levy year" has the same meaning as "year" under Section
| ||||||
24 | 1-155.
| ||||||
25 | "New property" means (i) the assessed value, after final | ||||||
26 | board of review or
board of appeals action, of new improvements |
| |||||||
| |||||||
1 | or additions to existing
improvements on any parcel of real | ||||||
2 | property that increase the assessed value of
that real property | ||||||
3 | during the levy year multiplied by the equalization factor
| ||||||
4 | issued by the Department under Section 17-30, (ii) the assessed | ||||||
5 | value, after
final board of review or board of appeals action, | ||||||
6 | of real property not exempt
from real estate taxation, which | ||||||
7 | real property was exempt from real estate
taxation for any | ||||||
8 | portion of the immediately preceding levy year, multiplied by
| ||||||
9 | the equalization factor issued by the Department under Section | ||||||
10 | 17-30, including the assessed value, upon final stabilization | ||||||
11 | of occupancy after new construction is complete, of any real | ||||||
12 | property located within the boundaries of an otherwise or | ||||||
13 | previously exempt military reservation that is intended for | ||||||
14 | residential use and owned by or leased to a private corporation | ||||||
15 | or other entity, and
(iii) in counties that classify in | ||||||
16 | accordance with Section 4 of Article
IX of the
Illinois | ||||||
17 | Constitution, an incentive property's additional assessed | ||||||
18 | value
resulting from a
scheduled increase in the level of | ||||||
19 | assessment as applied to the first year
final board of
review | ||||||
20 | market value.
In addition, the county clerk in a county | ||||||
21 | containing a population of
3,000,000 or more shall include in | ||||||
22 | the 1997
recovered tax increment value for any school district, | ||||||
23 | any recovered tax
increment value that was applicable to the | ||||||
24 | 1995 tax year calculations.
| ||||||
25 | "Qualified airport authority" means an airport authority | ||||||
26 | organized under
the Airport Authorities Act and located in a |
| |||||||
| |||||||
1 | county bordering on the State of
Wisconsin and having a | ||||||
2 | population in excess of 200,000 and not greater than
500,000.
| ||||||
3 | "Recovered tax increment value" means, except as otherwise | ||||||
4 | provided in this
paragraph, the amount of the current year's | ||||||
5 | equalized assessed value, in the
first year after a | ||||||
6 | municipality terminates
the designation of an area as a | ||||||
7 | redevelopment project area previously
established under the | ||||||
8 | Tax Increment Allocation Development Act in the Illinois
| ||||||
9 | Municipal Code, previously established under the Industrial | ||||||
10 | Jobs Recovery Law
in the Illinois Municipal Code, previously | ||||||
11 | established under the Economic Development Project Area Tax | ||||||
12 | Increment Act of 1995, or previously established under the | ||||||
13 | Economic
Development Area Tax Increment Allocation Act, of each | ||||||
14 | taxable lot, block,
tract, or parcel of real property in the | ||||||
15 | redevelopment project area over and
above the initial equalized | ||||||
16 | assessed value of each property in the
redevelopment project | ||||||
17 | area.
For the taxes which are extended for the 1997 levy year, | ||||||
18 | the recovered tax
increment value for a non-home rule taxing | ||||||
19 | district that first became subject
to this Law for the 1995 | ||||||
20 | levy year because a majority of its 1994 equalized
assessed | ||||||
21 | value was in an affected county or counties shall be increased | ||||||
22 | if a
municipality terminated the designation of an area in 1993 | ||||||
23 | as a redevelopment
project area previously established under | ||||||
24 | the Tax Increment Allocation
Development Act in the Illinois | ||||||
25 | Municipal Code, previously established under
the Industrial | ||||||
26 | Jobs Recovery Law in the Illinois Municipal Code, or previously
|
| |||||||
| |||||||
1 | established under the Economic Development Area Tax Increment | ||||||
2 | Allocation Act,
by an amount equal to the 1994 equalized | ||||||
3 | assessed value of each taxable lot,
block, tract, or parcel of | ||||||
4 | real property in the redevelopment project area over
and above | ||||||
5 | the initial equalized assessed value of each property in the
| ||||||
6 | redevelopment project area.
In the first year after a | ||||||
7 | municipality
removes a taxable lot, block, tract, or parcel of | ||||||
8 | real property from a
redevelopment project area established | ||||||
9 | under the Tax Increment Allocation
Development Act in the | ||||||
10 | Illinois
Municipal Code, the Industrial Jobs Recovery Law
in | ||||||
11 | the Illinois Municipal Code, or the Economic
Development Area | ||||||
12 | Tax Increment Allocation Act, "recovered tax increment value"
| ||||||
13 | means the amount of the current year's equalized assessed value | ||||||
14 | of each taxable
lot, block, tract, or parcel of real property | ||||||
15 | removed from the redevelopment
project area over and above the | ||||||
16 | initial equalized assessed value of that real
property before | ||||||
17 | removal from the redevelopment project area.
| ||||||
18 | Except as otherwise provided in this Section, "limiting | ||||||
19 | rate" means a
fraction the numerator of which is the last
| ||||||
20 | preceding aggregate extension base times an amount equal to one | ||||||
21 | plus the
extension limitation defined in this Section and the | ||||||
22 | denominator of which
is the current year's equalized assessed | ||||||
23 | value of all real property in the
territory under the | ||||||
24 | jurisdiction of the taxing district during the prior
levy year. | ||||||
25 | For those taxing districts that reduced their aggregate
| ||||||
26 | extension for the last preceding levy year, the highest |
| |||||||
| |||||||
1 | aggregate extension
in any of the last 3 preceding levy years | ||||||
2 | shall be used for the purpose of
computing the limiting rate. | ||||||
3 | The denominator shall not include new
property or the recovered | ||||||
4 | tax increment
value.
If a new rate, a rate decrease, or a | ||||||
5 | limiting rate increase has been approved at an election held | ||||||
6 | after March 21, 2006, then (i) the otherwise applicable | ||||||
7 | limiting rate shall be increased by the amount of the new rate | ||||||
8 | or shall be reduced by the amount of the rate decrease, as the | ||||||
9 | case may be, or (ii) in the case of a limiting rate increase, | ||||||
10 | the limiting rate shall be equal to the rate set forth
in the | ||||||
11 | proposition approved by the voters for each of the years | ||||||
12 | specified in the proposition, after
which the limiting rate of | ||||||
13 | the taxing district shall be calculated as otherwise provided.
| ||||||
14 | (Source: P.A. 95-90, eff. 1-1-08; 95-331, eff. 8-21-07; 95-404, | ||||||
15 | eff. 1-1-08; 95-876, eff. 8-21-08; 96-501, eff. 8-14-09; | ||||||
16 | 96-517, eff. 8-14-09; 96-1000, eff. 7-2-10; 96-1202, eff. | ||||||
17 | 7-22-10.)
| ||||||
18 | Section 10. The Illinois Pension Code is amended by | ||||||
19 | changing Sections 3-145 and 7-134 as follows:
| ||||||
20 | (40 ILCS 5/3-145) (from Ch. 108 1/2, par. 3-145)
| ||||||
21 | Sec. 3-145. Referendum in municipalities less than 5,000. | ||||||
22 | (a) This Article
shall not be effective in any
municipality | ||||||
23 | having a population of less than 5,000 unless the
proposition | ||||||
24 | to adopt the Article is submitted
to and approved
by the voters |
| |||||||
| |||||||
1 | of the municipality in the manner herein provided.
| ||||||
2 | Whenever the electors of the municipality, equal in number | ||||||
3 | to 5% of
the number of legal votes cast at the last preceding | ||||||
4 | general municipal
election, petition the city, village or town | ||||||
5 | clerk to submit the proposition
whether
that municipality shall | ||||||
6 | adopt this Article, the officer to whom the
petition is | ||||||
7 | addressed shall certify the proposition to the proper election
| ||||||
8 | officials who shall submit the proposition in accordance
with | ||||||
9 | the general election law at a regular election in the | ||||||
10 | municipality
provided that notice of the referendum, if held
| ||||||
11 | before July 1, 1999,
has been given in accordance with the | ||||||
12 | provisions of Section
12-5
of the Election Code in effect at | ||||||
13 | the time of the bond referendum, at least
10 and not more than | ||||||
14 | 45 days before the date of
the election, notwithstanding the | ||||||
15 | time for publication otherwise imposed by
Section 12-5.
Notices | ||||||
16 | required in connection with the submission of public questions
| ||||||
17 | on or after July 1, 1999 shall be as set forth in Section 12-5 | ||||||
18 | of the Election
Code.
If the proposition is not adopted at
that | ||||||
19 | election, it may be submitted in like manner at any regular | ||||||
20 | election
thereafter. The
proposition shall be substantially in | ||||||
21 | the following form:
| ||||||
22 | Shall the (name of the municipality) adopt Article 3 of | ||||||
23 | the Illinois Pension Code, providing for a police pension | ||||||
24 | fund and the levying of an annual tax therefor?
|
| |||||||
| |||||||
1 | The vote must be recorded as "Yes" or "No". | ||||||
2 |
| ||||||
3 | Shall the city (or village or
| ||||||
4 | incorporated town) of.... adopt YES
| ||||||
5 | Article 3 of the "Illinois Pension
| ||||||
6 | Code", pertaining to the creation NO
| ||||||
7 | of a police pension fund?
| ||||||
8 |
| ||||||
9 | If a majority of the votes cast on the proposition
is for | ||||||
10 | the proposition, this Article is adopted in that municipality.
| ||||||
11 | (b) For a period of 60 days after the effective date of | ||||||
12 | this amendatory Act of the 96th General Assembly, if a | ||||||
13 | municipality having a population of less than 5,000 has adopted | ||||||
14 | this Article in accordance with the provisions of subsection | ||||||
15 | (a), the municipality may elect to terminate participation | ||||||
16 | under this Article if all of the following conditions are met: | ||||||
17 | (1) An independent auditor certifies that the fund | ||||||
18 | created under this Article has no liabilities and there are | ||||||
19 | no members or participants in the fund and no beneficiaries | ||||||
20 | entitled to benefits under the fund. | ||||||
21 | (2) The corporate authorities of the municipality, by | ||||||
22 | ordinance, approve the closing of the fund. | ||||||
23 | If the conditions of this subsection (b) are met and the | ||||||
24 | closed fund contains assets, those assets shall be transferred | ||||||
25 | to the municipality for its general corporate purposes.
| ||||||
26 | If a municipality that terminates participation under this |
| |||||||
| |||||||
1 | Article in accordance with this subsection (b) wants to | ||||||
2 | reinstate the fund, then the proposition to re-adopt the | ||||||
3 | Article must be submitted to and approved
by the voters of the | ||||||
4 | municipality in the manner provided in subsection (a).
| ||||||
5 | (Source: P.A. 96-216, eff. 8-10-09.)
| ||||||
6 | (40 ILCS 5/7-134) (from Ch. 108 1/2, par. 7-134)
| ||||||
7 | Sec. 7-134.
Municipality referendum and notice of election | ||||||
8 | to
participate.
(a) A municipality electing to be included | ||||||
9 | within this Article by
referendum shall hold such referendum | ||||||
10 | within the territory of the municipality
following the filing | ||||||
11 | of a written petition of at least 300 legal voters
or at least | ||||||
12 | 1% of the legal voters of the municipality, whichever is less.
| ||||||
13 | The question shall be certified to the proper election | ||||||
14 | officials, who
shall submit the question to the voters at an | ||||||
15 | election in accordance with
the general election law.
If a | ||||||
16 | majority of the voters who vote upon
this question vote for | ||||||
17 | inclusion of the
municipality, notice of the election to be | ||||||
18 | included shall be given as
provided in this section and the | ||||||
19 | municipality shall thereupon be so
included.
| ||||||
20 | The proposition shall be in substantially the following | ||||||
21 | form:
| ||||||
22 | Shall the (name of the municipality) adopt Article 7 of | ||||||
23 | the Illinois Pension Code, pertaining to participation in | ||||||
24 | the Illinois Municipal Retirement Fund and the levying of |
| |||||||
| |||||||
1 | an annual tax therefor?
| ||||||
2 | The vote must be recorded as "Yes" or "No". | ||||||
3 |
| ||||||
4 | Shall the....(here name the
| ||||||
5 | municipality or municipalities in which YES
| ||||||
6 | the question is being voted upon) be
| ||||||
7 | included within the provisions of Article
| ||||||
8 | 7 of the Illinois Pension Code, as
| ||||||
9 | amended, pertaining to the creation of the NO
| ||||||
10 | "Illinois Municipal Retirement Fund"?
| ||||||
11 |
| ||||||
12 | Where the boundaries of 2 or more municipalities are | ||||||
13 | coextensive, one
ballot is sufficient for all municipalities | ||||||
14 | specified in the ballot.
| ||||||
15 | (b) A municipality electing to participate shall within 10 | ||||||
16 | days
after the election submit to the board a certified notice | ||||||
17 | of the
election to participate. The notice shall:
| ||||||
18 | 1. Be in writing,
| ||||||
19 | 2. Indicate the date of the election,
| ||||||
20 | 3. Specify all the instrumentalities of the municipality,
| ||||||
21 | 4. Be officially certified by the clerk or other proper | ||||||
22 | official of
the municipality as having been duly made in | ||||||
23 | accordance with the
provisions of this Article.
| ||||||
24 | (Source: P.A. 81-1535 .)
|