SCH CD-AMENDED TAX CERTIFICATE
Synopsis of Bill as introduced:
Amends the School Code. Changes when a school board may amend a
certificate of tax levy to when a change in the assessed valuation
resulting from application of the equalization multiplier causes the
school district's tax extensions to be less than the maximum
permissive tax rate allowed by law or the maximum tax rate allowed by
voter approved referendum (instead of when the change in the assessed
valuation causes the school district's operating tax rate to be less
than that required to qualify for the maximum amount of State aid).
HOUSE AMENDMENT NO. 1.
Adds reference to:
35 ILCS 200/18-72 new
Amends the Truth in Taxation Law of the Property Tax Code to
require a school board to give public notice of and hold a public
hearing on its intent to amend the certificate of tax levy.
SENATE AMENDMENT NO. 1.
Provides that the school board may amend the certificate of tax
levy to provide for the maximum amount of tax extensions as limited by
the Property Tax Extension Limitation Law.
Last action on Bill: PUBLIC ACT.............................. 91-0850
Last action date: 00-06-22
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
Full Text Bill Status