90th General Assembly
Summary of SB1370
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Senate Sponsors:

House Sponsors:

Short description: 
LONGTIME OWN PROP TX-SCHL DIST                                             

Synopsis of Bill as introduced:
        Amends the  Longtime  Owner-Occupant  Property  Tax  Relief  Act.      
   Provides that if the corporate authority of a county with 3,000,000 or      
   more inhabitants enacts an ordinance or resolution designating certain      
   areas  eligible  for  the special property tax relief under the Act, a      
   municipality having a population exceeding 500,000 within that  county      
   and  a school district in a municipality having a population exceeding      
   500,000 within that county must participate in the program.   Preempts      
   home rule.  Effective immediately.                                          
        SENATE AMENDMENT NO. 1                                                 
        Adds that the current provisions concerning the participation          
   authority of a municipality or school district do not apply to those        
   governmental bodies governed by the amendatory provisions.                  
          FISCAL NOTE (Dpt. Revenue)                                           
          Does not create a fiscal impact to the State.                        
          STATE MANDATES ACT FISCAL NOTE                                       
          Creates a tax exemption mandate requiring 100% reimbursement.        
          HOME RULE NOTE                                                       
          SB 1370 contains a denial and limitation of home rule powers         
          and functions under subsection (g) of Section 6 of Article           
          VII of the Illinois Constitution.                                    
Last action on Bill: PUBLIC ACT.............................. 90-0648

   Last action date: 98-07-24

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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