Illinois General Assembly - Bill Status for SB3084

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Bill Status of SB3084 93rd General Assembly

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Short Description: PROP TAX-EMPLOYMENT COST INDEX

Senate Sponsors
Sen. Jeffrey M. Schoenberg

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 200/18-205

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2004 through 2014, "extension limitation" means (a) the lesser of 5% or the fourth quarter percentage increase in the Employment Cost Index (now, the percentage increase in the Consumer Price Index) during the 12-month calendar year preceding the levy year or (b) the rate increase approved by the voters. Defines "Employment Cost Index" as the Employment Cost Index for total compensation for civilian workers published by the United States Department of Labor. Effective immediately.

Actions

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. Jeffrey M. Schoenberg
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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