Sen. Linda Holmes

Filed: 5/6/2013

 

 


 

 


 
09800HB0189sam001LRB098 02813 HLH 45410 a

1
AMENDMENT TO HOUSE BILL 189

2    AMENDMENT NO. ______. Amend House Bill 189 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by changing
5Section 18-140 as follows:
 
6    (35 ILCS 200/18-140)
7    Sec. 18-140. Extension upon equalized assessment of
8current levy year. All taxes shall be extended by each county
9clerk upon the valuation produced by the equalization and
10assessment of property by the Department for the levy year. In
11the computation of rates, a fraction of a mill shall be
12extended as the next higher mill. Rates may be calculated
13beyond 3 decimal points to allow the extension to be as close
14to the levy requested as possible. Each installment of taxes
15shall be extended in a separate column. Installments shall be
16equal and as to each installment a fraction of a cent shall be

 

 

09800HB0189sam001- 2 -LRB098 02813 HLH 45410 a

1extended as one cent.
2(Source: P.A. 87-17; 88-455.)
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.".