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 Bill Status of HB4132  100th General Assembly


Short Description:  PTELL-EXTENSION BASE-ABATEMENT

House Sponsors
Rep. Sheri Jesiel

Last Action
DateChamber Action
  10/24/2017HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-185


Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

Actions 
DateChamber Action
  10/24/2017HouseFiled with the Clerk by Rep. Sheri Jesiel
  10/24/2017HouseFirst Reading
  10/24/2017HouseReferred to Rules Committee

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