WOOLARD. 30 ILCS 105/5.449 new 35 ILCS 200/18-103 new 105 ILCS 5/17-1.1 new 105 ILCS 5/18-1.1 new 105 ILCS 5/34-53.01 new Amends the Property Tax Code, the School Code, and the State Finance Act. Requires the State to levy annually a State school tax at the uniform rate of 3.94% on all real property other than farmland and residential real property of less than 6 units. Prohibits school districts from levying their educational purposes tax on property that is subject to the State school tax. Provides for deposit of State school tax revenues in the School Property Tax Reduction Fund, a special fund created in the State treasury, and for distribution, pursuant to appropriation, by the State Board of Education to school districts of the State in proportion to the State aid the districts receive under the State aid formula. Effective July 1, 1997. 97-02-28 H FIRST READING 97-02-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE REVENUE 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary