State of Illinois
90th General Assembly
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90_HB1384eng

      35 ILCS 200/18-185
          Amends the Property Tax Extension Limitation Law  in  the
      Property   Tax   Code.    Excludes  from  the  definition  of
      "aggregate  extension"  for  certain  taxing  districts   any
      special  purpose  extension  made  for  any  municipality  or
      township  upon  a  levy  made under Article 3 of the Illinois
      Local Library Act.  Further provides  that  those  extensions
      are  a  separate  extension  subject  to limitation under the
      Property Tax Extension Limitation Law.
                                                     LRB9003873KDcw
HB1384 Engrossed                               LRB9003873KDcw
 1        AN ACT to amend the Property Tax Code by changing Section
 2    18-195.
 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 changing
 6    Section 18-195 as follows:
 7        (35 ILCS 200/18-195)
 8        Sec.  18-195.   Limitation.  Tax  extensions  made  under
 9    Sections  18-45  and  18-105  are  further  limited  by   the
10    provisions of this Law.
11        For  those  taxing  districts  that  have  levied  in any
12    previous levy year for any funds included  in  the  aggregate
13    extension,  the  county clerk shall extend a rate for the sum
14    of these funds that is no greater than the limiting rate.
15        For those taxing districts that have   never  levied  for
16    any  funds  included  in  the aggregate extension, the county
17    clerk shall extend an  amount  no  greater  than  the  amount
18    approved by the voters in a referendum under Section 18-210.
19        If  the  county clerk is required to reduce the aggregate
20    extension of a taxing district by provisions of this Law, the
21    county clerk shall proportionally reduce  the  extension  for
22    each fund unless otherwise requested by the taxing district.
23        Upon  written  request  of  the  corporate authority of a
24    village, the county clerk shall calculate  separate  limiting
25    rates  for  the  library  funds  and for the aggregate of the
26    other village funds in order to reduce the funds  as  may  be
27    required  under  provisions  of this Law.  In calculating the
28    limiting rate for the library, the  county  clerk  shall  use
29    only  the  part of the aggregate extension base applicable to
30    the library, and for any rate  increase  or  decrease  factor
31    under  Section 18-230 the county clerk shall use only any new
HB1384 Engrossed            -2-                LRB9003873KDcw
 1    rate or rate increase applicable to the library funds and the
 2    part of the rate applicable to  the  library  in  determining
 3    factors under that Section.  The county clerk shall calculate
 4    the  limiting rate for all other village funds using only the
 5    part of the aggregate extension base not  applicable  to  the
 6    library,  and  for any rate increase or decrease factor under
 7    Section 18-230 the county clerk shall use only any  new  rate
 8    or  rate increase not applicable to the library funds and the
 9    part of the rate not applicable to the library in determining
10    factors under that Section.  If the county clerk is  required
11    to  reduce  the aggregate extension of the library portion of
12    the levy, the county clerk shall  proportionally  reduce  the
13    extension for each library fund unless otherwise requested by
14    the library board.  If the county clerk is required to reduce
15    the  aggregate  extension  of  the  portion  of  the levy not
16    applicable  to  the   library,   the   county   clerk   shall
17    proportionally   reduce  the  extension  for  each  fund  not
18    applicable to the library unless otherwise requested  by  the
19    village.
20    (Source: P.A. 87-17; 88-455.)
21        Section  99.  Effective date.  This Act takes effect upon
22    becoming law.

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