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IL HB4958
Bill
Status
Introduced
2/5/2016
Primary Sponsor
Michael Tryon
Click for details
AI Summary
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Allows taxing districts to suspend property tax extensions for nursing home purposes by ordinance for a specified period of time.
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When a district resumes full nursing home tax extensions, its aggregate extension base is calculated as if the district had used maximum extensions during the suspension period.
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Permits taxing districts to recapture suspended nursing home tax amounts by passing an ordinance within 5 years after the suspension ends to increase the aggregate extension base.
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Amends the Property Tax Extension Limitation Law in the Property Tax Code.
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Effective immediately upon becoming law.
Legislative Description
PTELL-NURSING HOME
Last Action
Rule 19(a) / Re-referred to Rules Committee
4/8/2016
Committee Referrals
Rules4/8/2016
Property Tax2/24/2016
Revenue & Finance2/16/2016
Rules2/5/2016
Full Bill Text
No bill text available