92nd General Assembly
Summary of SB0573
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Senate Sponsors:

House Sponsors:

Short description: 
PROPERTY TAX-EXCESS REV REFUND                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Requires the corporate authorities      
   of a municipality or county to refund excess  revenues  in  a  special      
   service  area  fund  based  upon  each  special  service area parcel's      
   proportionate share of the total equalized assessed valuation  of  all      
   parcels  within  the  special service area.  Authorizes the refund for      
   excess revenues existing at the end of the life of the special service      
   area, and provides that the county or municipality may deduct up to 5%      
   of the amount refunded to cover the administrative costs in making the      
Last action on Bill: PUBLIC ACT.............................. 92-0226

   Last action date: AUG-02-2001

           Location: Senate

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


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