State of Illinois
90th General Assembly
Legislation

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[ Engrossed ][ Enrolled ][ House Amendment 001 ]

90_SB0715

      35 ILCS 200/18-45
          Amends the Property Tax Code.  Deletes a provision in the
      Section concerning the computation of rates stating that  the
      equalized  assessed value of all property for the computation
      of the amount to be extended in a county of 3,000,000 or more
      inhabitants shall be the  equalized  assessed  value  of  the
      property  for the year immediately preceding the levy year as
      established by the assessment and  equalization  process  for
      the  year  immediately  prior  to  the  levy year.  Effective
      immediately.
                                                     LRB9003243KDks
                                               LRB9003243KDks
 1        AN ACT to amend the Property Tax Code by changing Section
 2    18-45.
 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 18-45 as follows:
 7        (35 ILCS 200/18-45)
 8        Sec. 18-45.  Computation of rates.   Except  as  provided
 9    below,  each  county  clerk  shall estimate and determine the
10    rate per cent upon the equalized assessed valuation  for  the
11    levy  year  of  the property in the county's taxing districts
12    and special service areas, as established under  Article  VII
13    of  the Illinois Constitution, so that the rate will produce,
14    within the proper divisions of that county, not less than the
15    net amount that will be  required  by  the  county  board  or
16    certified  to  the  county  clerk according to law.  Prior to
17    extension, the  county  clerk  shall  determine  the  maximum
18    amount of tax authorized to be levied by any statute.  If the
19    amount of any tax certified to the county clerk for extension
20    exceeds  the maximum, the clerk shall extend only the maximum
21    allowable levy.
22        The county clerk shall exclude from the  total  equalized
23    assessed  valuation,  whenever  estimating and determining it
24    under this Section and Sections  18-50  through  18-105,  the
25    equalized assessed valuation in the percentage which has been
26    agreed to by each taxing district, of any property or portion
27    thereof  within an Enterprise Zone upon which an abatement of
28    taxes  was  made  under  Section  18-170.   However,   if   a
29    municipality   has  adopted  tax  increment  financing  under
30    Division 74.4 of Article 11 of the Illinois  Municipal  Code,
31    the  county  clerk  shall  estimate  and  determine  rates in
                            -2-                LRB9003243KDks
 1    accordance with Sections 11-74.4-7 through 11-74.4-9 of  that
 2    Act.  The  equalized  assessed  value of all property for the
 3    computation of the amount to be extended within a county with
 4    3,000,000 or more inhabitants shall be the equalized assessed
 5    value of such property for the year immediately preceding the
 6    levy year as established by the assessment  and  equalization
 7    process for the year immediately prior to the levy year.
 8    (Source: P.A. 86-233; 86-953; 86-957; 86-1475; 87-17; 87-477;
 9    87-895; 88-455.)
10        Section  99.  Effective date.  This Act takes effect upon
11    becoming law.

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