91st General Assembly
Summary of HB3435
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Senate Sponsors:

Short description: 
SCH CD-AMENDED TAX CERTIFICATE                                             

Synopsis of Bill as introduced:
        Amends the School Code.  Changes when a school board may amend  a      
   certificate  of  tax  levy  to when a change in the assessed valuation      
   resulting from application of the equalization multiplier  causes  the      
   school   district's  tax  extensions  to  be  less  than  the  maximum      
   permissive tax rate allowed by law or the maximum tax rate allowed  by      
   voter  approved referendum (instead of when the change in the assessed      
   valuation causes the school district's operating tax rate to  be  less      
   than  that  required  to qualify for the maximum amount of State aid).      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          35 ILCS 200/18-72 new                                                
        Amends the Truth in Taxation Law of  the  Property  Tax  Code  to      
   require  a  school  board  to  give public notice of and hold a public      
   hearing on its intent to amend the certificate of tax levy.                 
        SENATE AMENDMENT NO. 1.                                                
        Provides that the school board may amend the certificate  of  tax      
   levy to provide for the maximum amount of tax extensions as limited by      
   the Property Tax Extension Limitation Law.                                  
Last action on Bill: PUBLIC ACT.............................. 91-0850

   Last action date: 00-06-22

           Location: House

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


 Full Text  Bill Status