IL HB3811

Amends the Property Tax Extension Limitation Law (PTELL) in the Illinois Property Tax Code to exclude special purpose extensions for pension fund contributions from the definition of "aggregate extension."

Exempts taxing districts from PTELL caps when making property tax levies for their required contributions to any pension fund created under the Illinois Pension Code.

Applies this exemption to all categories of taxing districts governed by different sections of the law, adding new subsections (q), (r), and (n) to the relevant aggregate extension definitions.

Takes effect immediately upon becoming law.