90th General Assembly
Summary of SB1681
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Senate Sponsors:

Short description: 
SCH CD-STATE AID-TAX CAPS                                                  

Synopsis of Bill as introduced:
        Amends the Property Tax Code and the School Code.  Provides  that      
   a  school  district's  eligibility  for a General State Aid Adjustment      
   Grant shall not be impaired as a result  of  its  Operating  Tax  Rate      
   falling  below  prescribed  tax  rate  requirements  of  the State aid      
   formula due to the operation  of  the  Property  Tax  Limitation  Law.      
   Provides  that  those  tax rate requirements are met if the district's      
   Operating Tax Rate, absent any reduction  made  by  the  county  clerk      
   under  the  Property  Tax Extension Limitation Law, would have been at      
   the eligibility level established in the State aid formula.  Effective      
   July 1, 1998.                                                               
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


 Full Text  Bill Status