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IL SB2889
Bill
Status
Failed
1/13/2015
Primary Sponsor
Pamela Althoff
Click for details
AI Summary
- Amends Section 18-140 of the Property Tax Code regarding tax rate extension calculations
- Allows counties other than Cook County to calculate tax rates beyond 3 decimal points to bring extensions as close as possible to the requested levy
- Requires that extensions in non-Cook County jurisdictions may not exceed the requested levy after all Property Tax Extension Limitation Law reductions are applied
- Maintains existing requirement that fractions of a mill be extended as the next higher mill
- Takes effect upon becoming law
Legislative Description
REVENUE-TECH
Last Action
Session Sine Die
1/13/2015
Committee Referrals
Assignments7/1/2014
Revenue3/13/2014
Assignments2/4/2014
Full Bill Text
No bill text available