97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2517

 

Introduced 10/27/2011, by Sen. Martin A. Sandoval

 

SYNOPSIS AS INTRODUCED:
 
New Act
35 ILCS 200/18-199 new

    Creates the Summit Public Library District Tax Levy Validation (2011) Act. Validates levy ordinances and tax extensions to the extent they do not exceed the maximum amount authorized under the Property Tax Extension Limitation Law if the District had taken into account the tax increment value from the expiration of the West Summit TIF. Amends the Property Tax Code to make the Property Tax Extension Limitation Law subject to the Summit Public Library District Tax Levy Validation (2011) Act. Effective immediately.


LRB097 14361 HLH 59197 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2517LRB097 14361 HLH 59197 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the Summit
5Public Library District Tax Levy Validation (2011) Act.
 
6    Section 5. Tax levy ordinances of the Summit Public Library
7District. If the Summit Public Library District has, during the
8fiscal year 2011-2012, within the time required by law adopted
9an annual appropriation ordinance for that year and adopted its
10annual tax levy ordinance for the tax year 2011 and duly files
11the same with the county clerk of the county in which the
12district is located, then any such tax levy ordinance and the
13taxes levied and extended pursuant thereto are hereby
14validated; however, those taxes are validated only to the
15extent they do not exceed the maximum amount the district could
16have levied and the county clerk could have extended under the
17Property Tax Extension Limitation Law if the Library District
18had taken into account the recovered tax increment value from
19the expiration of the West Summit TIF in its 2007 tax year levy
20and subsequent tax year levies as was permitted by law.
 
21    Section 15. The Property Tax Code is amended by adding
22Section 18-199 as follows:
 

 

 

SB2517- 2 -LRB097 14361 HLH 59197 b

1    (35 ILCS 200/18-199 new)
2    Sec. 18-199. Summit Public Library District Tax Levy
3Validation (2011) Act. The provisions of the Property Tax
4Extension Limitation Law are subject to the Summit Public
5Library District Tax Levy Validation (2011) Act.
 
6    Section 99. Effective date. This Act takes effect upon
7becoming law.