Synopsis As Introduced Amends the Township Code. Removes a restriction limiting townships to 126 square miles. Provides that an ordinance or petition to consolidate a township may contain a provision requiring a new tax rate for the consolidated area equal to the lowest property tax rate in the consolidated area preceding the consolidation. Provides that all townships within a coterminous, or substantially coterminous, municipality may be consolidated. Further provides that a county board may elect to restructure into a commission form of government after discontinuance of township organization (currently, a county is required to reorganize into a commission form of government). Amends the Property Tax Code and the Counties Code making conforming changes.