State of Illinois
91st General Assembly
Legislation

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91_HB0109

 
                                               LRB9100135PTbd

 1        AN  ACT  to amend the Property Tax Code by adding Section
 2    18-162.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:

 5        Section  5.   The  Property Tax Code is amended by adding
 6    Section 18-162 as follows:

 7        (35 ILCS 200/18-162 new)
 8        Sec. 18-162.  Abatement of extensions.
 9        (a)  The governing authority of a taxing  district,  upon
10    determining  that  a  surplus  is  available  for  a  special
11    purpose,  may  adopt a resolution or ordinance abating all or
12    part of the extension for that special purpose for  the  year
13    for  which  the  resolution or ordinance is adopted.  For the
14    purposes of the Property Tax Extension  Limitation  Law,  the
15    amount  of  the extension abated by the taxing district shall
16    continue to be included in the district's aggregate extension
17    base.
18        (b)  If the governing  authority  of  a  taxing  district
19    abates  all  or part of a special purpose extension, then the
20    authority shall certify the action to  the  county  clerk  of
21    each  county  extending  those taxes.  The county clerk shall
22    abate  that  extension  of  the  district  according  to  the
23    provisions of the certified resolution or ordinance.

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