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 Bill Status of HB2397  100th General Assembly


Short Description:  PTELL-RESERVES

House Sponsors
Rep. Fred Crespo - Allen Skillicorn

Last Action
DateChamber Action
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
35 ILCS 200/18-205
35 ILCS 200/18-242 new
30 ILCS 805/8.41 new


Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if, at the end of any levy year, a taxing district has reserves of 50% or more of its operating budget for that levy year, then, for the next levy year, "extension limitation" means 0% or the rate of increase approved by the voters. Preempts the power of home rule units to tax. Effective immediately.

Actions 
DateChamber Action
  2/3/2017HouseFiled with the Clerk by Rep. Fred Crespo
  2/6/2017HouseFirst Reading
  2/6/2017HouseReferred to Rules Committee
  2/14/2017HouseAssigned to Revenue & Finance Committee
  2/21/2017HouseAdded Chief Co-Sponsor Rep. Allen Skillicorn
  2/24/2017HouseTo Property Tax Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  5/18/2017HouseAssigned to Revenue & Finance Committee
  5/18/2017HouseTo Property Tax Subcommittee
  5/18/2017HouseFinal Action Deadline Extended-9(b) May 26, 2017
  5/26/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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