HB3096 Summary

• Amends the Property Tax Extension Limitation Law (PTELL) to allow taxing districts to increase aggregate extension beyond normal caps through direct referendum approval starting January 1, 2020.

• Establishes a new referendum process under Section 18-190.3 where districts can seek voter approval for specific aggregate extension increases, with ballot language disclosing the current capped amount and estimated tax impact on a $100,000 property.

• Modifies the "limiting rate" calculation to include referendum-approved increases in the numerator when calculating the maximum allowable tax extension for affected districts.

• Requires ballot language to include supplemental information about the current extension base, default cap allowance (5% or CPI increase), and the additional tax amount if approved.

• Allows any non-deliberate errors or miscalculations in ballot language to not invalidate approved propositions.