Senate Sponsors: LAUZEN. House Sponsors: CURRIE 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 refund. 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 END OF INQUIRY Full Text Bill Status