HB0178 Summary

• Establishes the Township Property Tax Extension Freeze Law limiting property tax extensions for townships with populations of 100,000 or less in counties under township organization for the 2015 levy year.

• Freezes aggregate extension (town fund) increases at 0% for the 2015 levy year, calculated using a limiting rate based on the 2014 aggregate extension base.

• Exempts townships located in counties where a proclaimed natural disaster occurred during calendar year 2013, plus specifically names Addison, Bloom, Calumet, Orland, Rich, Stickney, and Wayne townships from the freeze.

• Allows townships to increase their limiting rate beyond the 0% freeze only if they obtain voter approval through referendum conducted before the levy date.

• Exempts implementation costs from State Mandate Act reimbursement requirements.