Illinois General Assembly - Bill Status for HB2647
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 Bill Status of HB2647  93rd General Assembly

Short Description:  PROP TX-RECAPTURE REFUNDS

House Sponsors
Rep. Robert S. Molaro - Sidney H. Mathias

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-53 new
35 ILCS 200/18-55
35 ILCS 200/18-185


Synopsis As Introduced
Amends the Property Tax Code. Allows a taxing district to recover, by adoption of a supplemental levy, revenue lost due to a refund resulting from a decision of the Property Tax Appeal Board, a decision of the Department of Revenue, a court order on a tax objection petition, or a decision of a local assessing official that reduced the assessed value of any property within the district. Provides that the supplemental levy is not a special purpose levy for purposes of the Truth in Taxation Law. Excludes the extension of the supplemental levy from the definition of "aggregate extension" for purposes of the Property Tax Extension Limitation Law. Provides that, for purposes of the Property Tax Extension Limitation Law, the taxing district's most recent aggregate extension base shall not include the supplemental levy. Effective immediately.

Actions 
DateChamber Action
  2/21/2003HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/21/2003HouseFirst Reading
  2/21/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Revenue Committee
  3/6/2003HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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