SCH CD-TAX FOR VOCATIONAL ED

Amends the School Code. Provides that, through January 1, 2014, the school board of any district with a population of less than 500,000 that participates in a joint agreement for an area vocational education center may levy an annual property tax not to exceed: 0.02% for districts maintaining only grades 9 through 12 and 0.04% for districts maintaining grades kindergarten through 12. Provides that those amounts may be increased by referendum to 0.40% and 0.80% respectively. Contains provisions concerning notice and public hearings. Amends the Property Tax Extension Limitation Law in the Property Tax Code to exempt those extensions from the definition of "aggregate extension". Effective immediately.