HB0358 Bill Summary

• Beginning with the 2017 levy year, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units, eliminating the previous distinction between home rule and non-home rule districts.

• Changes the extension limitation from the lesser of 5% or Consumer Price Index increase to 0% growth for levy years 2017 and beyond, unless voters approve a higher rate through referendum.

• Preempts home rule authority by making this law a constitutional limitation on the taxing power of home rule units under Article VII, Section 6(g) of the Illinois Constitution.

• Prohibits any referenda under Section 18-214 (removal of applicability) from being submitted for taxable year 2017 or thereafter, locking in the law's application.

• Amends the State Mandates Act to require implementation without state reimbursement to local governments.