92nd General Assembly
Status of SB0367
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   35 ILCS 200/18-52 new                                                       
   35 ILCS 200/18-55                                                           
   35 ILCS 200/18-101.5                                                        
   35 ILCS 200/18-185                                                          
   35 ILCS 200/18-190                                                          

        Amends the Property Tax Code.  Provides that if, as a  result  of      
   an assessment reduction by the Property Tax Appeal Board or a court, a      
   taxing  district  is  required to refund a portion of the property tax      
   revenue distributed to that taxing district, then the taxing  district      
   may,  without referendum, adopt a supplemental tax levy.  The levy may      
   not exceed the amount of the refund but may exceed the maximum rate of      
   taxes that the taxing district is authorized by law to  levy  for  the      
   fiscal  year  to  which  the  increase  applies.   Provides  that, for      
   purposes of the Property Tax  Extension  Limitation  Law,  the  taxing      
   district's  aggregate extension base does not include the supplemental      
   levy authorized under this Section. Amends the Property Tax  Extension      
   Limitation  Law,  the Truth in Taxation Law, and the Cook County Truth      
   in Taxation Law to provide that the supplemental levy is  exempt  from      
   the limits imposed by these laws.  Effective immediately.                   
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-21-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-08-2001  S                                 POSTPONED                       
   MAR-20-2001  S  ADDED AS A CHIEF CO-SPONSOR              WALSH,T               
   MAR-29-2001  S       TO SUBCOMMITTEE                                           
   MAR-29-2001  S                   COMMITTEE               REVENUE               
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   MAY-31-2001  S            RULED EXEMPT UNDER SENATE RULE 3-9(B)        SRUL    
   MAY-31-2001  S                                           NOVEMBER 1, 2001.     
   MAY-31-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   NOV-02-2001  S  REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES         SRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary