House Sponsors: MCGUIRE. Short description: PROP TX-PTELL-DEBT SERVICE BAS Synopsis of Bill as introduced: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that in addition to its current meaning, "debt service extension base" means an amount equal to that portion of the extension for any park district for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum, but not including excluded non-referendum bonds, but only for those park districts, (i) that were first subject to this Law in 1991 or 1995, and (ii) either whose lisension for the 1994 levy year, (A) did not include any amount for the payment of principal and interest on bonds issued without referendum (but not including excluded non-referendum bonds), or (B) was less than 51% of the amount equal to that portion of the extension for the park district for the 1991 levy year constituting an extension for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Defines "excluded non-referendum bonds". Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status