SB2257sam001 98TH GENERAL ASSEMBLY

Sen. Don Harmon

Filed: 3/15/2013

09800SB2257sam001 LRB098 07210 HLH 43169 a

AMENDMENT TO SENATE BILL 2257

AMENDMENT NO. ______. Amend Senate Bill 2257 on page 17, line 15, after "limitation", by inserting "defined in this Section"; and

on page 17, line 17, by replacing "Act" with "Law"; and

on page 25, line 22, by replacing "referenda approval after January" with "referendum approval on or after January"; and

on page 26, by replacing lines 7 and 8 with the following: "Illinois, be increased by (insert the amount of increase sought) for levy year...(insert the levy"; and

on page 26, by replacing lines 16 through 19 with the following:

""(1) The amount of taxes extended which were subject to the Property Tax Cap (Property Tax Extension Limitation Law) in levy year (insert most recent levy year) was (insert the most recent levy year's aggregate extension base). If the proposition is not approved, then the taxing district may increase its extension by the lesser of 5% or the or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding (insert levy year). If the proposition is approved, then the taxing district may increase its extension in levy year (insert levy year) by an additional (insert the amount of increase sought)."; and

on page 26, line 21, by replacing "levy year" with "levy year,".