HB 3530

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-School Districts

Abstract

Amends the Property Tax Extension Limitation in the Property Tax Code. Provides that, in the case of a school district (other than a school district organized under Article 34 of the School Code), the district may increase its extension limitation if the school board certifies to the county clerk that (i) the school district is under a financial emergency during the current levy year and (ii) for either or both of the 2 immediately preceding levy years, the aggregate tax rate for all of the district's included funds was less than the district's limiting rate for the applicable year. Sets forth the amount of the increase. Provides that "financial emergency" means that the district's cash reserves for the current fiscal year fall below 200% of the average of the annual budgets of the district for the 5 preceding years. Effective immediately.

Bill Sponsors (1)

Votes


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Actions


Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Mar 14, 2019

House

To Property Tax Subcommittee

Mar 05, 2019

House

Assigned to Revenue & Finance Committee

Feb 15, 2019

House

Filed with the Clerk by Rep. Anne Stava-Murray

House

First Reading

House

Referred to Rules Committee

Bill Text

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