PROP TX CD-OBJECTIONS

Amends the Property Tax Code. Provides that there shall be deducted from any refund of taxes that would otherwise be ordered as the result of any rate objections that are sustained an amount equal to 5% of the objector's pro rata share of the refunds that were sought in any rate objections that are overruled. Includes additional situations under which an objection to a tax levied by a municipality shall not be sustained if certain conditions are met. Expands the means by which a municipality may meet those conditions. Provides that, for the purposes of tax objections based on budget or appropriation ordinances, "municipality" means all municipal corporations in, and political subdivisions of, this State (now, excepts from this definition a number of units of local government). Makes other changes. Effective immediately.