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90_HB3614
35 ILCS 200/18-65
Amends the Property Tax Code. Makes a technical change
in the Section concerning restrictions on extensions.
LRB9009567KDpk
LRB9009567KDpk
1 AN ACT to amend the Property Tax Code by changing Section
2 18-65.
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 18-65 as follows:
7 (35 ILCS 200/18-65)
8 Sec. 18-65. Restriction on extension. Until it has
9 complied with the notice and hearing provisions of this
10 Article, no taxing district shall levy an amount of ad
11 valorem tax that which is more than 105% of the amount,
12 exclusive of election costs, which has been extended or is
13 estimated will be extended, plus any amount abated by the
14 taxing district before extension, upon the final aggregate
15 levy of the preceding year.
16 (Source: P.A. 86-957; 88-455.)