PTELL-DISTRICTS ADOPT RATE
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Requires the corporate authorities of a taxing district that is subject to the Law to adopt a limiting rate by ordinance or resolution if the percentage change in the equalized assessed value of all property within the taxing district during the 12-month calendar year preceding the levy year is less than the percentage change in the Consumer Price Index during that same period of time. Provides that the limiting rate may not exceed the maximum rate permitted under the Property Tax Extension Limitation Law. Contains provisions concerning notice. Provides that the rate extended for the sum of all of the funds included in the taxing district's aggregate extension may not exceed the limiting rate adopted by the taxing district. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2013
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
6
Dec 3, 2014
House · Failed
Session Sine Die
Mar 28, 2014
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 27, 2014
House · Reported by committee
To Property Tax Subcommittee
Feb 27, 2014
House · Referred to committee
Assigned to Revenue & Finance Committee
Mar 22, 2013
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 11, 2013
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 26, 2013
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael W. Tryon
RRepublican
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