IL SB2898

Amends the Property Tax Extension Limitation Law (PTELL) in the Property Tax Code to address taxing districts that previously granted property tax abatements under the Energy Community Reinvestment Act.

Beginning in levy year 2026, taxing districts that granted abatements for nuclear facilities will have their aggregate extension base recalculated as if the abatement amount had been included in the original levy year extension.

Applies only to taxing districts that were subject to PTELL during the levy year when the abatement was granted.

Allows affected taxing districts to recover future levy capacity that was reduced due to granting the abatement, effectively restoring their tax extension base going forward.

Takes effect immediately upon becoming law.