Bill Text: IL SB1043 | 2019-2020 | 101st General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district's aggregate extension base shall be adjusted whenever an assessment increase or decrease due to the issuance of a certificate of error, a decision of the board of review, or a decision of the Property Tax Appeal Board results in the overextension or underextension of taxes for the last preceding levy year. Effective immediately.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Failed) 2021-01-13 - Session Sine Die [SB1043 Detail]

Download: Illinois-2019-SB1043-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB1043 Introduced 1/31/2019, by Sen. William E. Brady SYNOPSIS AS INTRODUCED:
35 ILCS 505/20 from Ch. 120, par. 434
Amends the Motor Fuel Tax Law. Makes a technical change in a Section concerning the short title.
LRB101 06578 HLH 51605 b
A BILL FOR
SB1043 LRB101 06578 HLH 51605 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Motor Fuel Tax Law is amended by changing
Section 20 as follows:
(35 ILCS 505/20) (from Ch. 120, par. 434)
Sec. 20. This act may be cited as the the "Motor Fuel Tax
Law."
(Source: Laws 1929, p. 625.)