Bill Status of HB5043 101st General Assembly
Short Description: PROP TX-EXCESS FUNDS ABATEMENT
Rep. Grant Wehrli
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that any taxing district may abate any portion of its taxes in any given year when the initial levy request for that year has subsequently been found to be in excess of the funds required for that year. Provides that any such abatement shall be included in the district's aggregate extension base for purposes of the Property Tax Extension Limitation Law. Provides for a supplemental levy if the issuance of a certificate of error, a court order, or a final administrative decision of the Property Tax Appeal Board results in a refund from the taxing district of a portion of the property tax revenue distributed to the taxing district. Effective immediately.
|Date||Chamber|| Action|| 2/13/2020||House||Filed with the Clerk by Rep. Grant Wehrli|| 2/18/2020||House||First Reading|| 2/18/2020||House||Referred to Rules Committee|| 1/13/2021||House||Session Sine Die|