SB0690 EngrossedLRB101 04451 HLH 49459 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Sections 18-185, 18-205, and 18-214 as follows:
 
6    (35 ILCS 200/18-185)
7    Sec. 18-185. Short title; definitions. This Division 5 may
8be cited as the Property Tax Extension Limitation Law. As used
9in this Division 5:
10    "Consumer Price Index" means the Consumer Price Index for
11All Urban Consumers for all items published by the United
12States Department of Labor.
13    "Extension limitation", except as otherwise provided in
14this paragraph, means (a) the lesser of 5% or the percentage
15increase in the Consumer Price Index during the 12-month
16calendar year preceding the levy year or (b) the rate of
17increase approved by voters under Section 18-205. Beginning in
18levy year 2022, for taxing districts that are school districts
19other than qualified school districts, "extension limitation"
20means 0% or the rate of increase approved by the voters under
21Section 18-205, except that, if a special purpose extension (i)
22made for the payment of principal and interest on bonds or
23other evidences of indebtedness issued by the taxing district

 

 

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1or (ii) made for contributions to a pension fund created under
2the Illinois Pension Code was required to be included in a
3school district's aggregate extension for the 2021 levy year,
4then the extension limitation for that extension shall be (a)
5the lesser of 5% or the percentage increase in the Consumer
6Price Index during the 12-month calendar year preceding the
7levy year or (b) the rate of increase approved by voters under
8Section 18-205.
9    "Affected county" means a county of 3,000,000 or more
10inhabitants or a county contiguous to a county of 3,000,000 or
11more inhabitants.
12    "Taxing district" has the same meaning provided in Section
131-150, except as otherwise provided in this Section. For the
141991 through 1994 levy years only, "taxing district" includes
15only each non-home rule taxing district having the majority of
16its 1990 equalized assessed value within any county or counties
17contiguous to a county with 3,000,000 or more inhabitants.
18Beginning with the 1995 levy year, "taxing district" includes
19only each non-home rule taxing district subject to this Law
20before the 1995 levy year and each non-home rule taxing
21district not subject to this Law before the 1995 levy year
22having the majority of its 1994 equalized assessed value in an
23affected county or counties. Beginning with the levy year in
24which this Law becomes applicable to a taxing district as
25provided in Section 18-213, "taxing district" also includes
26those taxing districts made subject to this Law as provided in

 

 

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1Section 18-213. Beginning in levy year 2022, "taxing district"
2also includes each school district in the State, but does not
3include a qualified school district that was not subject to
4this Law in the 2021 levy year.
5    "Aggregate extension" for taxing districts to which this
6Law applied before the 1995 levy year means the annual
7corporate extension for the taxing district and those special
8purpose extensions that are made annually for the taxing
9district, excluding special purpose extensions: (a) made for
10the taxing district to pay interest or principal on general
11obligation bonds that were approved by referendum; (b) made for
12any taxing district to pay interest or principal on general
13obligation bonds issued before October 1, 1991; (c) made for
14any taxing district to pay interest or principal on bonds
15issued to refund or continue to refund those bonds issued
16before October 1, 1991; (d) made for any taxing district to pay
17interest or principal on bonds issued to refund or continue to
18refund bonds issued after October 1, 1991 that were approved by
19referendum; (e) made for any taxing district to pay interest or
20principal on revenue bonds issued before October 1, 1991 for
21payment of which a property tax levy or the full faith and
22credit of the unit of local government is pledged; however, a
23tax for the payment of interest or principal on those bonds
24shall be made only after the governing body of the unit of
25local government finds that all other sources for payment are
26insufficient to make those payments; (f) made for payments

 

 

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1under a building commission lease when the lease payments are
2for the retirement of bonds issued by the commission before
3October 1, 1991, to pay for the building project; (g) made for
4payments due under installment contracts entered into before
5October 1, 1991; (h) made for payments of principal and
6interest on bonds issued under the Metropolitan Water
7Reclamation District Act to finance construction projects
8initiated before October 1, 1991; (i) made for payments of
9principal and interest on limited bonds, as defined in Section
103 of the Local Government Debt Reform Act, in an amount not to
11exceed the debt service extension base less the amount in items
12(b), (c), (e), and (h) of this definition for non-referendum
13obligations, except obligations initially issued pursuant to
14referendum; (j) made for payments of principal and interest on
15bonds issued under Section 15 of the Local Government Debt
16Reform Act; (k) made by a school district that participates in
17the Special Education District of Lake County, created by
18special education joint agreement under Section 10-22.31 of the
19School Code, for payment of the school district's share of the
20amounts required to be contributed by the Special Education
21District of Lake County to the Illinois Municipal Retirement
22Fund under Article 7 of the Illinois Pension Code; the amount
23of any extension under this item (k) shall be certified by the
24school district to the county clerk; (l) made to fund expenses
25of providing joint recreational programs for persons with
26disabilities under Section 5-8 of the Park District Code or

 

 

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1Section 11-95-14 of the Illinois Municipal Code; (m) made for
2temporary relocation loan repayment purposes pursuant to
3Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
4payment of principal and interest on any bonds issued under the
5authority of Section 17-2.2d of the School Code; (o) made for
6contributions to a firefighter's pension fund created under
7Article 4 of the Illinois Pension Code, to the extent of the
8amount certified under item (5) of Section 4-134 of the
9Illinois Pension Code; and (p) made for road purposes in the
10first year after a township assumes the rights, powers, duties,
11assets, property, liabilities, obligations, and
12responsibilities of a road district abolished under the
13provisions of Section 6-133 of the Illinois Highway Code.
14Beginning in levy year 2022, this definition of "aggregate
15extension" applies to each school district that was subject to
16this definition of "aggregate extension" for the 2021 levy
17year.
18    "Aggregate extension" for the taxing districts to which
19this Law did not apply before the 1995 levy year (except taxing
20districts subject to this Law in accordance with Section
2118-213) means the annual corporate extension for the taxing
22district and those special purpose extensions that are made
23annually for the taxing district, excluding special purpose
24extensions: (a) made for the taxing district to pay interest or
25principal on general obligation bonds that were approved by
26referendum; (b) made for any taxing district to pay interest or

 

 

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1principal on general obligation bonds issued before March 1,
21995; (c) made for any taxing district to pay interest or
3principal on bonds issued to refund or continue to refund those
4bonds issued before March 1, 1995; (d) made for any taxing
5district to pay interest or principal on bonds issued to refund
6or continue to refund bonds issued after March 1, 1995 that
7were approved by referendum; (e) made for any taxing district
8to pay interest or principal on revenue bonds issued before
9March 1, 1995 for payment of which a property tax levy or the
10full faith and credit of the unit of local government is
11pledged; however, a tax for the payment of interest or
12principal on those bonds shall be made only after the governing
13body of the unit of local government finds that all other
14sources for payment are insufficient to make those payments;
15(f) made for payments under a building commission lease when
16the lease payments are for the retirement of bonds issued by
17the commission before March 1, 1995 to pay for the building
18project; (g) made for payments due under installment contracts
19entered into before March 1, 1995; (h) made for payments of
20principal and interest on bonds issued under the Metropolitan
21Water Reclamation District Act to finance construction
22projects initiated before October 1, 1991; (h-4) made for
23stormwater management purposes by the Metropolitan Water
24Reclamation District of Greater Chicago under Section 12 of the
25Metropolitan Water Reclamation District Act; (i) made for
26payments of principal and interest on limited bonds, as defined

 

 

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1in Section 3 of the Local Government Debt Reform Act, in an
2amount not to exceed the debt service extension base less the
3amount in items (b), (c), and (e) of this definition for
4non-referendum obligations, except obligations initially
5issued pursuant to referendum and bonds described in subsection
6(h) of this definition; (j) made for payments of principal and
7interest on bonds issued under Section 15 of the Local
8Government Debt Reform Act; (k) made for payments of principal
9and interest on bonds authorized by Public Act 88-503 and
10issued under Section 20a of the Chicago Park District Act for
11aquarium or museum projects; (l) made for payments of principal
12and interest on bonds authorized by Public Act 87-1191 or
1393-601 and (i) issued pursuant to Section 21.2 of the Cook
14County Forest Preserve District Act, (ii) issued under Section
1542 of the Cook County Forest Preserve District Act for
16zoological park projects, or (iii) issued under Section 44.1 of
17the Cook County Forest Preserve District Act for botanical
18gardens projects; (m) made pursuant to Section 34-53.5 of the
19School Code, whether levied annually or not; (n) made to fund
20expenses of providing joint recreational programs for persons
21with disabilities under Section 5-8 of the Park District Code
22or Section 11-95-14 of the Illinois Municipal Code; (o) made by
23the Chicago Park District for recreational programs for persons
24with disabilities under subsection (c) of Section 7.06 of the
25Chicago Park District Act; (p) made for contributions to a
26firefighter's pension fund created under Article 4 of the

 

 

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1Illinois Pension Code, to the extent of the amount certified
2under item (5) of Section 4-134 of the Illinois Pension Code;
3(q) made by Ford Heights School District 169 under Section
417-9.02 of the School Code; and (r) made for the purpose of
5making employer contributions to the Public School Teachers'
6Pension and Retirement Fund of Chicago under Section 34-53 of
7the School Code. Beginning in levy year 2022, this definition
8of "aggregate extension" applies to each school district that
9was subject to this definition of "aggregate extension" for the
102021 levy year.
11    "Aggregate extension" for all taxing districts to which
12this Law applies in accordance with Section 18-213, except for
13those taxing districts subject to paragraph (2) of subsection
14(e) of Section 18-213, means the annual corporate extension for
15the taxing district and those special purpose extensions that
16are made annually for the taxing district, excluding special
17purpose extensions: (a) made for the taxing district to pay
18interest or principal on general obligation bonds that were
19approved by referendum; (b) made for any taxing district to pay
20interest or principal on general obligation bonds issued before
21the date on which the referendum making this Law applicable to
22the taxing district is held; (c) made for any taxing district
23to pay interest or principal on bonds issued to refund or
24continue to refund those bonds issued before the date on which
25the referendum making this Law applicable to the taxing
26district is held; (d) made for any taxing district to pay

 

 

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1interest or principal on bonds issued to refund or continue to
2refund bonds issued after the date on which the referendum
3making this Law applicable to the taxing district is held if
4the bonds were approved by referendum after the date on which
5the referendum making this Law applicable to the taxing
6district is held; (e) made for any taxing district to pay
7interest or principal on revenue bonds issued before the date
8on which the referendum making this Law applicable to the
9taxing district is held for payment of which a property tax
10levy or the full faith and credit of the unit of local
11government is pledged; however, a tax for the payment of
12interest or principal on those bonds shall be made only after
13the governing body of the unit of local government finds that
14all other sources for payment are insufficient to make those
15payments; (f) made for payments under a building commission
16lease when the lease payments are for the retirement of bonds
17issued by the commission before the date on which the
18referendum making this Law applicable to the taxing district is
19held to pay for the building project; (g) made for payments due
20under installment contracts entered into before the date on
21which the referendum making this Law applicable to the taxing
22district is held; (h) made for payments of principal and
23interest on limited bonds, as defined in Section 3 of the Local
24Government Debt Reform Act, in an amount not to exceed the debt
25service extension base less the amount in items (b), (c), and
26(e) of this definition for non-referendum obligations, except

 

 

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1obligations initially issued pursuant to referendum; (i) made
2for payments of principal and interest on bonds issued under
3Section 15 of the Local Government Debt Reform Act; (j) made
4for a qualified airport authority to pay interest or principal
5on general obligation bonds issued for the purpose of paying
6obligations due under, or financing airport facilities
7required to be acquired, constructed, installed or equipped
8pursuant to, contracts entered into before March 1, 1996 (but
9not including any amendments to such a contract taking effect
10on or after that date); (k) made to fund expenses of providing
11joint recreational programs for persons with disabilities
12under Section 5-8 of the Park District Code or Section 11-95-14
13of the Illinois Municipal Code; (l) made for contributions to a
14firefighter's pension fund created under Article 4 of the
15Illinois Pension Code, to the extent of the amount certified
16under item (5) of Section 4-134 of the Illinois Pension Code;
17and (m) made for the taxing district to pay interest or
18principal on general obligation bonds issued pursuant to
19Section 19-3.10 of the School Code. Beginning in levy year
202022, this definition of "aggregate extension" applies to each
21school district that was subject to this definition of
22"aggregate extension" for the 2021 levy year.
23    "Aggregate extension" for all taxing districts to which
24this Law applies in accordance with paragraph (2) of subsection
25(e) of Section 18-213 means the annual corporate extension for
26the taxing district and those special purpose extensions that

 

 

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1are made annually for the taxing district, excluding special
2purpose extensions: (a) made for the taxing district to pay
3interest or principal on general obligation bonds that were
4approved by referendum; (b) made for any taxing district to pay
5interest or principal on general obligation bonds issued before
6the effective date of this amendatory Act of 1997; (c) made for
7any taxing district to pay interest or principal on bonds
8issued to refund or continue to refund those bonds issued
9before the effective date of this amendatory Act of 1997; (d)
10made for any taxing district to pay interest or principal on
11bonds issued to refund or continue to refund bonds issued after
12the effective date of this amendatory Act of 1997 if the bonds
13were approved by referendum after the effective date of this
14amendatory Act of 1997; (e) made for any taxing district to pay
15interest or principal on revenue bonds issued before the
16effective date of this amendatory Act of 1997 for payment of
17which a property tax levy or the full faith and credit of the
18unit of local government is pledged; however, a tax for the
19payment of interest or principal on those bonds shall be made
20only after the governing body of the unit of local government
21finds that all other sources for payment are insufficient to
22make those payments; (f) made for payments under a building
23commission lease when the lease payments are for the retirement
24of bonds issued by the commission before the effective date of
25this amendatory Act of 1997 to pay for the building project;
26(g) made for payments due under installment contracts entered

 

 

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1into before the effective date of this amendatory Act of 1997;
2(h) made for payments of principal and interest on limited
3bonds, as defined in Section 3 of the Local Government Debt
4Reform Act, in an amount not to exceed the debt service
5extension base less the amount in items (b), (c), and (e) of
6this definition for non-referendum obligations, except
7obligations initially issued pursuant to referendum; (i) made
8for payments of principal and interest on bonds issued under
9Section 15 of the Local Government Debt Reform Act; (j) made
10for a qualified airport authority to pay interest or principal
11on general obligation bonds issued for the purpose of paying
12obligations due under, or financing airport facilities
13required to be acquired, constructed, installed or equipped
14pursuant to, contracts entered into before March 1, 1996 (but
15not including any amendments to such a contract taking effect
16on or after that date); (k) made to fund expenses of providing
17joint recreational programs for persons with disabilities
18under Section 5-8 of the Park District Code or Section 11-95-14
19of the Illinois Municipal Code; and (l) made for contributions
20to a firefighter's pension fund created under Article 4 of the
21Illinois Pension Code, to the extent of the amount certified
22under item (5) of Section 4-134 of the Illinois Pension Code.
23Beginning in levy year 2022, this definition of "aggregate
24extension" applies to each school district that was subject to
25this definition of "aggregate extension" for the 2021 levy
26year.

 

 

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1    "Aggregate extension", for school districts that were not
2subject to this Law in the 2021 levy year, means the annual
3corporate extension for the school district and those special
4purpose extensions that are made annually for the taxing
5district, excluding special purpose extensions: (a) made for
6the payment of principal and interest on bonds or other
7evidences of indebtedness issued by the school district; or (b)
8made for contributions to a pension fund created under the
9Illinois Pension Code.
10    "Debt service extension base" means an amount equal to that
11portion of the extension for a taxing district for the 1994
12levy year, or for those taxing districts subject to this Law in
13accordance with Section 18-213, except for those subject to
14paragraph (2) of subsection (e) of Section 18-213, for the levy
15year in which the referendum making this Law applicable to the
16taxing district is held, or for those taxing districts subject
17to this Law in accordance with paragraph (2) of subsection (e)
18of Section 18-213 for the 1996 levy year, or, for those school
19districts that are subject to this Law as a result of this
20amendatory Act of the 101st General Assembly, for the 2021 levy
21year, constituting an extension for payment of principal and
22interest on bonds issued by the taxing district without
23referendum, but not including excluded non-referendum bonds.
24For park districts (i) that were first subject to this Law in
251991 or 1995 and (ii) whose extension for the 1994 levy year
26for the payment of principal and interest on bonds issued by

 

 

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1the park district without referendum (but not including
2excluded non-referendum bonds) was less than 51% of the amount
3for the 1991 levy year constituting an extension for payment of
4principal and interest on bonds issued by the park district
5without referendum (but not including excluded non-referendum
6bonds), "debt service extension base" means an amount equal to
7that portion of the extension for the 1991 levy year
8constituting an extension for payment of principal and interest
9on bonds issued by the park district without referendum (but
10not including excluded non-referendum bonds). A debt service
11extension base established or increased at any time pursuant to
12any provision of this Law, except Section 18-212, shall be
13increased each year commencing with the later of (i) the 2009
14levy year or (ii) the first levy year in which this Law becomes
15applicable to the taxing district, by the lesser of 5% or the
16percentage increase in the Consumer Price Index during the
1712-month calendar year preceding the levy year. The debt
18service extension base may be established or increased as
19provided under Section 18-212. "Excluded non-referendum bonds"
20means (i) bonds authorized by Public Act 88-503 and issued
21under Section 20a of the Chicago Park District Act for aquarium
22and museum projects; (ii) bonds issued under Section 15 of the
23Local Government Debt Reform Act; or (iii) refunding
24obligations issued to refund or to continue to refund
25obligations initially issued pursuant to referendum.
26    "Special purpose extensions" include, but are not limited

 

 

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1to, extensions for levies made on an annual basis for
2unemployment and workers' compensation, self-insurance,
3contributions to pension plans, and extensions made pursuant to
4Section 6-601 of the Illinois Highway Code for a road
5district's permanent road fund whether levied annually or not.
6The extension for a special service area is not included in the
7aggregate extension.
8    "Aggregate extension base" means the taxing district's
9last preceding aggregate extension as adjusted under Sections
1018-135, 18-215, 18-230, and 18-206. An adjustment under Section
1118-135 shall be made for the 2007 levy year and all subsequent
12levy years whenever one or more counties within which a taxing
13district is located (i) used estimated valuations or rates when
14extending taxes in the taxing district for the last preceding
15levy year that resulted in the over or under extension of
16taxes, or (ii) increased or decreased the tax extension for the
17last preceding levy year as required by Section 18-135(c).
18Whenever an adjustment is required under Section 18-135, the
19aggregate extension base of the taxing district shall be equal
20to the amount that the aggregate extension of the taxing
21district would have been for the last preceding levy year if
22either or both (i) actual, rather than estimated, valuations or
23rates had been used to calculate the extension of taxes for the
24last levy year, or (ii) the tax extension for the last
25preceding levy year had not been adjusted as required by
26subsection (c) of Section 18-135.

 

 

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1    Notwithstanding any other provision of law, for levy year
22012, the aggregate extension base for West Northfield School
3District No. 31 in Cook County shall be $12,654,592.
4    "Levy year" has the same meaning as "year" under Section
51-155.
6    "New property" means (i) the assessed value, after final
7board of review or board of appeals action, of new improvements
8or additions to existing improvements on any parcel of real
9property that increase the assessed value of that real property
10during the levy year multiplied by the equalization factor
11issued by the Department under Section 17-30, (ii) the assessed
12value, after final board of review or board of appeals action,
13of real property not exempt from real estate taxation, which
14real property was exempt from real estate taxation for any
15portion of the immediately preceding levy year, multiplied by
16the equalization factor issued by the Department under Section
1717-30, including the assessed value, upon final stabilization
18of occupancy after new construction is complete, of any real
19property located within the boundaries of an otherwise or
20previously exempt military reservation that is intended for
21residential use and owned by or leased to a private corporation
22or other entity, (iii) in counties that classify in accordance
23with Section 4 of Article IX of the Illinois Constitution, an
24incentive property's additional assessed value resulting from
25a scheduled increase in the level of assessment as applied to
26the first year final board of review market value, and (iv) any

 

 

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1increase in assessed value due to oil or gas production from an
2oil or gas well required to be permitted under the Hydraulic
3Fracturing Regulatory Act that was not produced in or accounted
4for during the previous levy year. In addition, the county
5clerk in a county containing a population of 3,000,000 or more
6shall include in the 1997 recovered tax increment value for any
7school district, any recovered tax increment value that was
8applicable to the 1995 tax year calculations.
9    "Qualified airport authority" means an airport authority
10organized under the Airport Authorities Act and located in a
11county bordering on the State of Wisconsin and having a
12population in excess of 200,000 and not greater than 500,000.
13    "Qualified school district" means a school district that
14certifies to the county clerk of the county in which the school
15district is located by October 15 immediately preceding the
16first day of the levy year that the district meets either of
17the following criteria:
18        (1) the school district submitted a claim or claims to
19    the Illinois State Board of Education for reimbursement of
20    State mandated categoricals, as provided in the School
21    Breakfast and Lunch Program Act or Section 14-7.02,
22    14-7.03, 14-13.01, 18-3, or 29-5 of the School Code, for
23    the school fiscal year immediately preceding the levy year,
24    and the aggregate amount of reimbursement for those State
25    mandated categoricals for that school fiscal year was less
26    than 97% of the district's claims as certified by the State

 

 

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1    Board of Education pursuant to Section 18-21 of the School
2    Code; or
3        (2) the school district did not receive the minimum
4    funding required for that school district under the
5    evidence-based funding formula set forth in Section
6    18-8.15 of the School Code for the school fiscal year
7    immediately preceding the levy year.
8    "Recovered tax increment value" means, except as otherwise
9provided in this paragraph, the amount of the current year's
10equalized assessed value, in the first year after a
11municipality terminates the designation of an area as a
12redevelopment project area previously established under the
13Tax Increment Allocation Development Act in the Illinois
14Municipal Code, previously established under the Industrial
15Jobs Recovery Law in the Illinois Municipal Code, previously
16established under the Economic Development Project Area Tax
17Increment Act of 1995, or previously established under the
18Economic Development Area Tax Increment Allocation Act, of each
19taxable lot, block, tract, or parcel of real property in the
20redevelopment project area over and above the initial equalized
21assessed value of each property in the redevelopment project
22area. For the taxes which are extended for the 1997 levy year,
23the recovered tax increment value for a non-home rule taxing
24district that first became subject to this Law for the 1995
25levy year because a majority of its 1994 equalized assessed
26value was in an affected county or counties shall be increased

 

 

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1if a municipality terminated the designation of an area in 1993
2as a redevelopment project area previously established under
3the Tax Increment Allocation Development Act in the Illinois
4Municipal Code, previously established under the Industrial
5Jobs Recovery Law in the Illinois Municipal Code, or previously
6established under the Economic Development Area Tax Increment
7Allocation Act, by an amount equal to the 1994 equalized
8assessed value of each taxable lot, block, tract, or parcel of
9real property in the redevelopment project area over and above
10the initial equalized assessed value of each property in the
11redevelopment project area. In the first year after a
12municipality removes a taxable lot, block, tract, or parcel of
13real property from a redevelopment project area established
14under the Tax Increment Allocation Development Act in the
15Illinois Municipal Code, the Industrial Jobs Recovery Law in
16the Illinois Municipal Code, or the Economic Development Area
17Tax Increment Allocation Act, "recovered tax increment value"
18means the amount of the current year's equalized assessed value
19of each taxable lot, block, tract, or parcel of real property
20removed from the redevelopment project area over and above the
21initial equalized assessed value of that real property before
22removal from the redevelopment project area.
23    Except as otherwise provided in this Section, "limiting
24rate" means a fraction the numerator of which is the last
25preceding aggregate extension base times an amount equal to one
26plus the extension limitation defined in this Section and the

 

 

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1denominator of which is the current year's equalized assessed
2value of all real property in the territory under the
3jurisdiction of the taxing district during the prior levy year.
4For those taxing districts that reduced their aggregate
5extension for the last preceding levy year, except for school
6districts that reduced their extension for educational
7purposes pursuant to Section 18-206, the highest aggregate
8extension in any of the last 3 preceding levy years shall be
9used for the purpose of computing the limiting rate. The
10denominator shall not include new property or the recovered tax
11increment value. If a new rate, a rate decrease, or a limiting
12rate increase has been approved at an election held after March
1321, 2006, then (i) the otherwise applicable limiting rate shall
14be increased by the amount of the new rate or shall be reduced
15by the amount of the rate decrease, as the case may be, or (ii)
16in the case of a limiting rate increase, the limiting rate
17shall be equal to the rate set forth in the proposition
18approved by the voters for each of the years specified in the
19proposition, after which the limiting rate of the taxing
20district shall be calculated as otherwise provided. In the case
21of a taxing district that obtained referendum approval for an
22increased limiting rate on March 20, 2012, the limiting rate
23for tax year 2012 shall be the rate that generates the
24approximate total amount of taxes extendable for that tax year,
25as set forth in the proposition approved by the voters; this
26rate shall be the final rate applied by the county clerk for

 

 

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1the aggregate of all capped funds of the district for tax year
22012.
3(Source: P.A. 99-143, eff. 7-27-15; 99-521, eff. 6-1-17;
4100-465, eff. 8-31-17.)
 
5    (35 ILCS 200/18-205)
6    Sec. 18-205. Referendum to increase the extension
7limitation. A taxing district is limited to an extension
8limitation as provided in Section 18-185 of 5% or the
9percentage increase in the Consumer Price Index during the
1012-month calendar year preceding the levy year, whichever is
11less. A taxing district may increase its extension limitation
12for one or more levy years if that taxing district holds a
13referendum before the levy date for the first levy year at
14which a majority of voters voting on the issue approves
15adoption of a higher extension limitation. Referenda shall be
16conducted at a regularly scheduled election in accordance with
17the Election Code. The question shall be presented in
18substantially the following manner for all elections held after
19March 21, 2006:
20        Shall the extension limitation under the Property Tax
21    Extension Limitation Law for (insert the legal name,
22    number, if any, and county or counties of the taxing
23    district and geographic or other common name by which a
24    school or community college district is known and referred
25    to), Illinois, be increased from (the applicable extension

 

 

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1    limitation set forth in Section 18-185) the lesser of 5% or
2    the percentage increase in the Consumer Price Index over
3    the prior levy year to (insert the percentage of the
4    proposed increase)% per year for (insert each levy year for
5    which the increased extension limitation will apply)?
6The votes must be recorded as "Yes" or "No".
7If a majority of voters voting on the issue approves the
8adoption of the increase, the increase shall be applicable for
9each levy year specified.
10    The ballot for any question submitted pursuant to this
11Section shall have printed thereon, but not as a part of the
12question submitted, only the following supplemental
13information (which shall be supplied to the election authority
14by the taxing district) in substantially the following form:
15        (1) For the (insert the first levy year for which the
16    increased extension limitation will be applicable) levy
17    year the approximate amount of the additional tax
18    extendable against property containing a single family
19    residence and having a fair market value at the time of the
20    referendum of $100,000 is estimated to be $....
21        (2) Based upon an average annual percentage increase
22    (or decrease) in the market value of such property of ...%
23    (insert percentage equal to the average annual percentage
24    increase or decrease for the prior 3 levy years, at the
25    time the submission of the question is initiated by the
26    taxing district, in the amount of (A) the equalized

 

 

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1    assessed value of the taxable property in the taxing
2    district less (B) the new property included in the
3    equalized assessed value), the approximate amount of the
4    additional tax extendable against such property for the ...
5    levy year is estimated to be $... and for the ... levy year
6    is estimated to be $....
7    Paragraph (2) shall be included only if the increased
8extension limitation will be applicable for more than one year
9and shall list each levy year for which the increased extension
10limitation will be applicable. The additional tax shown for
11each levy year shall be the approximate dollar amount of the
12increase over the amount of the most recently completed
13extension at the time the submission of the question is
14initiated by the taxing district. The approximate amount of the
15additional tax extendable shown in paragraphs (1) and (2) shall
16be calculated by multiplying $100,000 (the fair market value of
17the property without regard to any property tax exemptions) by
18(i) the percentage level of assessment prescribed for that
19property by statute, or by ordinance of the county board in
20counties that classify property for purposes of taxation in
21accordance with Section 4 of Article IX of the Illinois
22Constitution; (ii) the most recent final equalization factor
23certified to the county clerk by the Department of Revenue at
24the time the taxing district initiates the submission of the
25proposition to the electors; (iii) the last known aggregate
26extension base of the taxing district at the time the

 

 

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1submission of the question is initiated by the taxing district;
2and (iv) the difference between the percentage increase
3proposed in the question and the (otherwise applicable
4extension limitation under Section 18-185) lesser of 5% or the
5percentage increase in the Consumer Price Index for the prior
6levy year (or an estimate of the percentage increase for the
7prior levy year if the increase is unavailable at the time the
8submission of the question is initiated by the taxing
9district); and dividing the result by the last known equalized
10assessed value of the taxing district at the time the
11submission of the question is initiated by the taxing district.
12This amendatory Act of the 97th General Assembly is intended to
13clarify the existing requirements of this Section, and shall
14not be construed to validate any prior non-compliant referendum
15language. Any notice required to be published in connection
16with the submission of the question shall also contain this
17supplemental information and shall not contain any other
18supplemental information. Any error, miscalculation, or
19inaccuracy in computing any amount set forth on the ballot or
20in the notice that is not deliberate shall not invalidate or
21affect the validity of any proposition approved. Notice of the
22referendum shall be published and posted as otherwise required
23by law, and the submission of the question shall be initiated
24as provided by law.
25(Source: P.A. 97-1087, eff. 8-24-12.)
 

 

 

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1    (35 ILCS 200/18-214)
2    Sec. 18-214. Referenda on removal of the applicability of
3the Property Tax Extension Limitation Law to non-home rule
4taxing districts.
5    (a) The provisions of this Section do not apply to a taxing
6district that is subject to this Law because a majority of its
71990 equalized assessed value is in a county or counties
8contiguous to a county of 3,000,000 or more inhabitants, or
9because a majority of its 1994 equalized assessed value is in
10an affected county and the taxing district was not subject to
11this Law before the 1995 levy year. The provisions of this
12Section do not apply to a school district that is not a
13qualified school district.
14    (b) For purposes of this Section only:
15    "Taxing district" means any non-home rule taxing district
16that became subject to this Law under Section 18-213 of this
17Law.
18    "Equalized assessed valuation" means the equalized
19assessed valuation for a taxing district for the immediately
20preceding levy year.
21    (c) The county board of a county that became subject to
22this Law by a referendum approved by the voters of the county
23under Section 18-213 may, by ordinance or resolution, in the
24manner set forth in this Section, submit to the voters of the
25county the question of whether this Law applies to all non-home
26rule taxing districts that have all or a portion of their

 

 

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1equalized assessed valuation situated in the county in the
2manner set forth in this Section.
3    (d) The ordinance or resolution shall request the
4submission of the proposition at any election, except a
5consolidated primary election, for the purpose of voting for or
6against the continued application of the Property Tax Extension
7Limitation Law to all non-home rule taxing districts that have
8all or a portion of their equalized assessed valuation situated
9in the county.
10    The question shall be placed on a separate ballot and shall
11be in substantially the following form:
12        Shall the Property Tax Extension Limitation Law (35
13    ILCS 200/18-185 through 35 ILCS 200/18-245), which limits
14    annual property tax extension increases, apply to non-home
15    rule taxing districts with all or a portion of their
16    equalized assessed valuation located in (name of county)?
17Votes on the question shall be recorded as "yes" or "no".
18    (e) The county clerk shall order the proposition submitted
19to the electors of the county at the election specified in the
20ordinance or resolution. If part of the county is under the
21jurisdiction of a board or boards of election commissioners,
22the county clerk shall submit a certified copy of the ordinance
23or resolution to each board of election commissioners, which
24shall order the proposition submitted to the electors of the
25taxing district within its jurisdiction at the election
26specified in the ordinance or resolution.

 

 

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1    (f) With respect to taxing districts having all of their
2equalized assessed valuation located in one county, if a
3majority of the votes cast on the proposition are against the
4proposition, then this Law shall not apply to the taxing
5district beginning on January 1 of the year following the date
6of the referendum.
7    (g) With respect to taxing districts that do not have all
8of their equalized assessed valuation located in a single
9county, if both of the following conditions are met, then this
10Law shall no longer apply to the taxing district beginning on
11January 1 of the year following the date of the referendum.
12        (1) Each county in which the district has any equalized
13    assessed valuation must either, (i) have held a referendum
14    under this Section, (ii) be an affected county, or (iii)
15    have held a referendum under Section 18-213 at which the
16    voters rejected the proposition at the most recent election
17    at which the question was on the ballot in the county.
18        (2) The majority of the equalized assessed valuation of
19    the taxing district, other than any equalized assessed
20    valuation in an affected county, is in one or more counties
21    in which the voters rejected the proposition. For purposes
22    of this Section, in determining whether a majority of the
23    equalized assessed valuation of the taxing district is
24    located in one or more counties in which the voters have
25    rejected the proposition under this Section, the equalized
26    assessed valuation of any taxing district in a county which

 

 

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1    has held a referendum under Section 18-213 at which the
2    voters rejected that proposition, at the most recent
3    election at which the question was on the ballot in the
4    county, will be included with the equalized assessed value
5    of the taxing district in counties in which the voters have
6    rejected the referendum held under this Section.
7    (h) Immediately after a referendum is held under this
8Section, the county clerk of the county holding the referendum
9shall give notice of the referendum having been held and its
10results to all taxing districts that have all or a portion of
11their equalized assessed valuation located in the county, the
12county clerk of any other county in which any of the equalized
13assessed valuation of any such taxing district is located, and
14the Department of Revenue. After the last referendum affecting
15a multi-county taxing district is held, the Department of
16Revenue shall determine whether the taxing district is no
17longer subject to this Law and, if the taxing district is no
18longer subject to this Law, the Department of Revenue shall
19notify the taxing district and the county clerks of all of the
20counties in which a portion of the equalized assessed valuation
21of the taxing district is located that, beginning on January 1
22of the year following the date of the last referendum, the
23taxing district is no longer subject to this Law.
24(Source: P.A. 89-718, eff. 3-7-97.)
 
25    Section 10. The School Code is amended by adding Section

 

 

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118-21 as follows:
 
2    (105 ILCS 5/18-21 new)
3    Sec. 18-21. Certifications to school districts. On or
4before September 30th of each year, the State Board shall
5certify to each school district whether or not the school
6district is eligible for designation as a qualified school
7district, based on the criteria set forth in Section 18-185 of
8the Property Tax Code.
 
9    Section 99. Effective date. This Act takes effect on
10January 1, 2021, but does not take effect at all unless Senate
11Joint Resolution Constitutional Amendment No. 1 of the 101st
12General Assembly is approved by the voters of the State prior
13to that date.