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IL SB3172
Bill
Status
Failed
1/9/2019
Primary Sponsor
Kimberly Lightford
Click for details
AI Summary
- Amends Section 18-4.4 of the School Code concerning Tax Equivalent Grants for school districts with State institutions located within them
- Makes a technical correction by removing duplicate language ("the") in the provision addressing districts where the State owns 45% or more of total land area
- Maintains existing grant calculation of 0.5% of equalized assessed valuation of State-owned land for fiscal year 1995 and thereafter
- Requires district superintendents to certify specific information to the State Board of Education by September 15, 1994 and July 1 annually, including State institution name, land areas, equalized assessed values, and tax rates
- Districts that fail to submit required certification by the deadline forfeit their tax-equivalent grant for that school year
Legislative Description
EDUCATION-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments2/16/2018
Full Bill Text
No bill text available