Illinois 2025-2026 Regular Session

Illinois House Bill HB1497 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1497 Introduced , by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-18535 ILCS 200/18-187 new35 ILCS 200/18-20535 ILCS 200/18-242 new Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2026 through 2030, the term "taxing district" includes each home rule taxing district. Provides that, for levy years 2026 through 2030, the extension limitation is 0% or the rate of increase approved by the voters. Contains provisions setting forth the aggregate extension for taxing districts that became subject to the Property Tax Extension Limitation Law as a result of the amendatory Act. Sets forth powers and duties of the Department of Revenue. Limits the power of home rule units to tax. Effective immediately. LRB104 06528 HLH 16564 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1497 Introduced , by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-18535 ILCS 200/18-187 new35 ILCS 200/18-20535 ILCS 200/18-242 new 35 ILCS 200/18-185 35 ILCS 200/18-187 new 35 ILCS 200/18-205 35 ILCS 200/18-242 new Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2026 through 2030, the term "taxing district" includes each home rule taxing district. Provides that, for levy years 2026 through 2030, the extension limitation is 0% or the rate of increase approved by the voters. Contains provisions setting forth the aggregate extension for taxing districts that became subject to the Property Tax Extension Limitation Law as a result of the amendatory Act. Sets forth powers and duties of the Department of Revenue. Limits the power of home rule units to tax. Effective immediately. LRB104 06528 HLH 16564 b LRB104 06528 HLH 16564 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1497 Introduced , by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/18-18535 ILCS 200/18-187 new35 ILCS 200/18-20535 ILCS 200/18-242 new 35 ILCS 200/18-185 35 ILCS 200/18-187 new 35 ILCS 200/18-205 35 ILCS 200/18-242 new
4	4	35 ILCS 200/18-185
5	5	35 ILCS 200/18-187 new
6	6	35 ILCS 200/18-205
7	7	35 ILCS 200/18-242 new
8	8	Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2026 through 2030, the term "taxing district" includes each home rule taxing district. Provides that, for levy years 2026 through 2030, the extension limitation is 0% or the rate of increase approved by the voters. Contains provisions setting forth the aggregate extension for taxing districts that became subject to the Property Tax Extension Limitation Law as a result of the amendatory Act. Sets forth powers and duties of the Department of Revenue. Limits the power of home rule units to tax. Effective immediately.
9	9	LRB104 06528 HLH 16564 b LRB104 06528 HLH 16564 b
10	10	LRB104 06528 HLH 16564 b
11	11	A BILL FOR
12	12	HB1497LRB104 06528 HLH 16564 b HB1497 LRB104 06528 HLH 16564 b
13	13	HB1497 LRB104 06528 HLH 16564 b
14	14	1 AN ACT concerning revenue.
15	15	2 Be it enacted by the People of the State of Illinois,
16	16	3 represented in the General Assembly:
17	17	4 Section 5. The Property Tax Code is amended by changing
18	18	5 Sections 18-185 and 18-205 and by adding Sections 18-187 and
19	19	6 18-242 as follows:
20	20	7 (35 ILCS 200/18-185)
21	21	8 Sec. 18-185. Short title; definitions. This Division 5
22	22	9 may be cited as the Property Tax Extension Limitation Law. As
23	23	10 used in this Division 5:
24	24	11 "Consumer Price Index" means the Consumer Price Index for
25	25	12 All Urban Consumers for all items published by the United
26	26	13 States Department of Labor.
27	27	14 "Extension limitation" means, for levy years other than
28	28	15 levy years 2026 through 2030, (a) the lesser of 5% or the
29	29	16 percentage increase in the Consumer Price Index during the
30	30	17 12-month calendar year preceding the levy year or (b) the rate
31	31	18 of increase approved by voters under Section 18-205. For levy
32	32	19 years 2026 through 2030, the extension limitation is 0% or the
33	33	20 rate of increase approved by the voters under Section 18-205.
34	34	21 "Affected county" means a county of 3,000,000 or more
35	35	22 inhabitants or a county contiguous to a county of 3,000,000 or
36	36	23 more inhabitants.
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40	40	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1497 Introduced , by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED:
41	41	35 ILCS 200/18-18535 ILCS 200/18-187 new35 ILCS 200/18-20535 ILCS 200/18-242 new 35 ILCS 200/18-185 35 ILCS 200/18-187 new 35 ILCS 200/18-205 35 ILCS 200/18-242 new
42	42	35 ILCS 200/18-185
43	43	35 ILCS 200/18-187 new
44	44	35 ILCS 200/18-205
45	45	35 ILCS 200/18-242 new
46	46	Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2026 through 2030, the term "taxing district" includes each home rule taxing district. Provides that, for levy years 2026 through 2030, the extension limitation is 0% or the rate of increase approved by the voters. Contains provisions setting forth the aggregate extension for taxing districts that became subject to the Property Tax Extension Limitation Law as a result of the amendatory Act. Sets forth powers and duties of the Department of Revenue. Limits the power of home rule units to tax. Effective immediately.
47	47	LRB104 06528 HLH 16564 b LRB104 06528 HLH 16564 b
48	48	LRB104 06528 HLH 16564 b
49	49	A BILL FOR
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55	55	35 ILCS 200/18-185
56	56	35 ILCS 200/18-187 new
57	57	35 ILCS 200/18-205
58	58	35 ILCS 200/18-242 new
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77	77	1 "Taxing district" has the same meaning provided in Section
78	78	2 1-150, except as otherwise provided in this Section. For the
79	79	3 1991 through 1994 levy years only, "taxing district" includes
80	80	4 only each non-home rule taxing district having the majority of
81	81	5 its 1990 equalized assessed value within any county or
82	82	6 counties contiguous to a county with 3,000,000 or more
83	83	7 inhabitants. Beginning with the 1995 levy year, "taxing
84	84	8 district" includes only each non-home rule taxing district
85	85	9 subject to this Law before the 1995 levy year and each non-home
86	86	10 rule taxing district not subject to this Law before the 1995
87	87	11 levy year having the majority of its 1994 equalized assessed
88	88	12 value in an affected county or counties. Beginning with the
89	89	13 levy year in which this Law becomes applicable to a taxing
90	90	14 district as provided in Section 18-213, "taxing district" also
91	91	15 includes those taxing districts made subject to this Law as
92	92	16 provided in Section 18-213. For levy years 2026 through 2030,
93	93	17 "taxing district" includes each home rule taxing district.
94	94	18 "Aggregate extension" for taxing districts to which this
95	95	19 Law applied before the 1995 levy year means the annual
96	96	20 corporate extension for the taxing district and those special
97	97	21 purpose extensions that are made annually for the taxing
98	98	22 district, excluding special purpose extensions: (a) made for
99	99	23 the taxing district to pay interest or principal on general
100	100	24 obligation bonds that were approved by referendum; (b) made
101	101	25 for any taxing district to pay interest or principal on
102	102	26 general obligation bonds issued before October 1, 1991; (c)
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113	113	1 made for any taxing district to pay interest or principal on
114	114	2 bonds issued to refund or continue to refund those bonds
115	115	3 issued before October 1, 1991; (d) made for any taxing
116	116	4 district to pay interest or principal on bonds issued to
117	117	5 refund or continue to refund bonds issued after October 1,
118	118	6 1991 that were approved by referendum; (e) made for any taxing
119	119	7 district to pay interest or principal on revenue bonds issued
120	120	8 before October 1, 1991 for payment of which a property tax levy
121	121	9 or the full faith and credit of the unit of local government is
122	122	10 pledged; however, a tax for the payment of interest or
123	123	11 principal on those bonds shall be made only after the
124	124	12 governing body of the unit of local government finds that all
125	125	13 other sources for payment are insufficient to make those
126	126	14 payments; (f) made for payments under a building commission
127	127	15 lease when the lease payments are for the retirement of bonds
128	128	16 issued by the commission before October 1, 1991, to pay for the
129	129	17 building project; (g) made for payments due under installment
130	130	18 contracts entered into before October 1, 1991; (h) made for
131	131	19 payments of principal and interest on bonds issued under the
132	132	20 Metropolitan Water Reclamation District Act to finance
133	133	21 construction projects initiated before October 1, 1991; (i)
134	134	22 made for payments of principal and interest on limited bonds,
135	135	23 as defined in Section 3 of the Local Government Debt Reform
136	136	24 Act, in an amount not to exceed the debt service extension base
137	137	25 less the amount in items (b), (c), (e), and (h) of this
138	138	26 definition for non-referendum obligations, except obligations
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149	149	1 initially issued pursuant to referendum; (j) made for payments
150	150	2 of principal and interest on bonds issued under Section 15 of
151	151	3 the Local Government Debt Reform Act; (k) made by a school
152	152	4 district that participates in the Special Education District
153	153	5 of Lake County, created by special education joint agreement
154	154	6 under Section 10-22.31 of the School Code, for payment of the
155	155	7 school district's share of the amounts required to be
156	156	8 contributed by the Special Education District of Lake County
157	157	9 to the Illinois Municipal Retirement Fund under Article 7 of
158	158	10 the Illinois Pension Code; the amount of any extension under
159	159	11 this item (k) shall be certified by the school district to the
160	160	12 county clerk; (l) made to fund expenses of providing joint
161	161	13 recreational programs for persons with disabilities under
162	162	14 Section 5-8 of the Park District Code or Section 11-95-14 of
163	163	15 the Illinois Municipal Code; (m) made for temporary relocation
164	164	16 loan repayment purposes pursuant to Sections 2-3.77 and
165	165	17 17-2.2d of the School Code; (n) made for payment of principal
166	166	18 and interest on any bonds issued under the authority of
167	167	19 Section 17-2.2d of the School Code; (o) made for contributions
168	168	20 to a firefighter's pension fund created under Article 4 of the
169	169	21 Illinois Pension Code, to the extent of the amount certified
170	170	22 under item (5) of Section 4-134 of the Illinois Pension Code;
171	171	23 (p) made for road purposes in the first year after a township
172	172	24 assumes the rights, powers, duties, assets, property,
173	173	25 liabilities, obligations, and responsibilities of a road
174	174	26 district abolished under the provisions of Section 6-133 of
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185	185	1 the Illinois Highway Code; and (q) made under Section 4 of the
186	186	2 Community Mental Health Act to provide the necessary funds or
187	187	3 to supplement existing funds for community mental health
188	188	4 facilities and services, including facilities and services for
189	189	5 the person with a developmental disability or a substance use
190	190	6 disorder; and (r) (q) made for the payment of principal and
191	191	7 interest on any bonds issued under the authority of Section
192	192	8 17-2.11 of the School Code or to refund or continue to refund
193	193	9 those bonds.
194	194	10 "Aggregate extension" for the taxing districts to which
195	195	11 this Law did not apply before the 1995 levy year (except taxing
196	196	12 districts subject to this Law in accordance with Section
197	197	13 18-213) means the annual corporate extension for the taxing
198	198	14 district and those special purpose extensions that are made
199	199	15 annually for the taxing district, excluding special purpose
200	200	16 extensions: (a) made for the taxing district to pay interest
201	201	17 or principal on general obligation bonds that were approved by
202	202	18 referendum; (b) made for any taxing district to pay interest
203	203	19 or principal on general obligation bonds issued before March
204	204	20 1, 1995; (c) made for any taxing district to pay interest or
205	205	21 principal on bonds issued to refund or continue to refund
206	206	22 those bonds issued before March 1, 1995; (d) made for any
207	207	23 taxing district to pay interest or principal on bonds issued
208	208	24 to refund or continue to refund bonds issued after March 1,
209	209	25 1995 that were approved by referendum; (e) made for any taxing
210	210	26 district to pay interest or principal on revenue bonds issued
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221	221	1 before March 1, 1995 for payment of which a property tax levy
222	222	2 or the full faith and credit of the unit of local government is
223	223	3 pledged; however, a tax for the payment of interest or
224	224	4 principal on those bonds shall be made only after the
225	225	5 governing body of the unit of local government finds that all
226	226	6 other sources for payment are insufficient to make those
227	227	7 payments; (f) made for payments under a building commission
228	228	8 lease when the lease payments are for the retirement of bonds
229	229	9 issued by the commission before March 1, 1995 to pay for the
230	230	10 building project; (g) made for payments due under installment
231	231	11 contracts entered into before March 1, 1995; (h) made for
232	232	12 payments of principal and interest on bonds issued under the
233	233	13 Metropolitan Water Reclamation District Act to finance
234	234	14 construction projects initiated before October 1, 1991; (h-4)
235	235	15 made for stormwater management purposes by the Metropolitan
236	236	16 Water Reclamation District of Greater Chicago under Section 12
237	237	17 of the Metropolitan Water Reclamation District Act; (h-8) made
238	238	18 for payments of principal and interest on bonds issued under
239	239	19 Section 9.6a of the Metropolitan Water Reclamation District
240	240	20 Act to make contributions to the pension fund established
241	241	21 under Article 13 of the Illinois Pension Code; (i) made for
242	242	22 payments of principal and interest on limited bonds, as
243	243	23 defined in Section 3 of the Local Government Debt Reform Act,
244	244	24 in an amount not to exceed the debt service extension base less
245	245	25 the amount in items (b), (c), and (e) of this definition for
246	246	26 non-referendum obligations, except obligations initially
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257	257	1 issued pursuant to referendum and bonds described in
258	258	2 subsections (h) and (h-8) of this definition; (j) made for
259	259	3 payments of principal and interest on bonds issued under
260	260	4 Section 15 of the Local Government Debt Reform Act; (k) made
261	261	5 for payments of principal and interest on bonds authorized by
262	262	6 Public Act 88-503 and issued under Section 20a of the Chicago
263	263	7 Park District Act for aquarium or museum projects and bonds
264	264	8 issued under Section 20a of the Chicago Park District Act for
265	265	9 the purpose of making contributions to the pension fund
266	266	10 established under Article 12 of the Illinois Pension Code; (l)
267	267	11 made for payments of principal and interest on bonds
268	268	12 authorized by Public Act 87-1191 or 93-601 and (i) issued
269	269	13 pursuant to Section 21.2 of the Cook County Forest Preserve
270	270	14 District Act, (ii) issued under Section 42 of the Cook County
271	271	15 Forest Preserve District Act for zoological park projects, or
272	272	16 (iii) issued under Section 44.1 of the Cook County Forest
273	273	17 Preserve District Act for botanical gardens projects; (m) made
274	274	18 pursuant to Section 34-53.5 of the School Code, whether levied
275	275	19 annually or not; (n) made to fund expenses of providing joint
276	276	20 recreational programs for persons with disabilities under
277	277	21 Section 5-8 of the Park District Code or Section 11-95-14 of
278	278	22 the Illinois Municipal Code; (o) made by the Chicago Park
279	279	23 District for recreational programs for persons with
280	280	24 disabilities under subsection (c) of Section 7.06 of the
281	281	25 Chicago Park District Act; (p) made for contributions to a
282	282	26 firefighter's pension fund created under Article 4 of the
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293	293	1 Illinois Pension Code, to the extent of the amount certified
294	294	2 under item (5) of Section 4-134 of the Illinois Pension Code;
295	295	3 (q) made by Ford Heights School District 169 under Section
296	296	4 17-9.02 of the School Code; (r) made for the purpose of making
297	297	5 employer contributions to the Public School Teachers' Pension
298	298	6 and Retirement Fund of Chicago under Section 34-53 of the
299	299	7 School Code; and (s) made under Section 4 of the Community
300	300	8 Mental Health Act to provide the necessary funds or to
301	301	9 supplement existing funds for community mental health
302	302	10 facilities and services, including facilities and services for
303	303	11 the person with a developmental disability or a substance use
304	304	12 disorder; and (t) (s) made for the payment of principal and
305	305	13 interest on any bonds issued under the authority of Section
306	306	14 17-2.11 of the School Code or to refund or continue to refund
307	307	15 those bonds.
308	308	16 "Aggregate extension" for all taxing districts to which
309	309	17 this Law applies in accordance with Section 18-213, except for
310	310	18 those taxing districts subject to paragraph (2) of subsection
311	311	19 (e) of Section 18-213, means the annual corporate extension
312	312	20 for the taxing district and those special purpose extensions
313	313	21 that are made annually for the taxing district, excluding
314	314	22 special purpose extensions: (a) made for the taxing district
315	315	23 to pay interest or principal on general obligation bonds that
316	316	24 were approved by referendum; (b) made for any taxing district
317	317	25 to pay interest or principal on general obligation bonds
318	318	26 issued before the date on which the referendum making this Law
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329	329	1 applicable to the taxing district is held; (c) made for any
330	330	2 taxing district to pay interest or principal on bonds issued
331	331	3 to refund or continue to refund those bonds issued before the
332	332	4 date on which the referendum making this Law applicable to the
333	333	5 taxing district is held; (d) made for any taxing district to
334	334	6 pay interest or principal on bonds issued to refund or
335	335	7 continue to refund bonds issued after the date on which the
336	336	8 referendum making this Law applicable to the taxing district
337	337	9 is held if the bonds were approved by referendum after the date
338	338	10 on which the referendum making this Law applicable to the
339	339	11 taxing district is held; (e) made for any taxing district to
340	340	12 pay interest or principal on revenue bonds issued before the
341	341	13 date on which the referendum making this Law applicable to the
342	342	14 taxing district is held for payment of which a property tax
343	343	15 levy or the full faith and credit of the unit of local
344	344	16 government is pledged; however, a tax for the payment of
345	345	17 interest or principal on those bonds shall be made only after
346	346	18 the governing body of the unit of local government finds that
347	347	19 all other sources for payment are insufficient to make those
348	348	20 payments; (f) made for payments under a building commission
349	349	21 lease when the lease payments are for the retirement of bonds
350	350	22 issued by the commission before the date on which the
351	351	23 referendum making this Law applicable to the taxing district
352	352	24 is held to pay for the building project; (g) made for payments
353	353	25 due under installment contracts entered into before the date
354	354	26 on which the referendum making this Law applicable to the
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365	365	1 taxing district is held; (h) made for payments of principal
366	366	2 and interest on limited bonds, as defined in Section 3 of the
367	367	3 Local Government Debt Reform Act, in an amount not to exceed
368	368	4 the debt service extension base less the amount in items (b),
369	369	5 (c), and (e) of this definition for non-referendum
370	370	6 obligations, except obligations initially issued pursuant to
371	371	7 referendum; (i) made for payments of principal and interest on
372	372	8 bonds issued under Section 15 of the Local Government Debt
373	373	9 Reform Act; (j) made for a qualified airport authority to pay
374	374	10 interest or principal on general obligation bonds issued for
375	375	11 the purpose of paying obligations due under, or financing
376	376	12 airport facilities required to be acquired, constructed,
377	377	13 installed or equipped pursuant to, contracts entered into
378	378	14 before March 1, 1996 (but not including any amendments to such
379	379	15 a contract taking effect on or after that date); (k) made to
380	380	16 fund expenses of providing joint recreational programs for
381	381	17 persons with disabilities under Section 5-8 of the Park
382	382	18 District Code or Section 11-95-14 of the Illinois Municipal
383	383	19 Code; (l) made for contributions to a firefighter's pension
384	384	20 fund created under Article 4 of the Illinois Pension Code, to
385	385	21 the extent of the amount certified under item (5) of Section
386	386	22 4-134 of the Illinois Pension Code; (m) made for the taxing
387	387	23 district to pay interest or principal on general obligation
388	388	24 bonds issued pursuant to Section 19-3.10 of the School Code;
389	389	25 and (n) made under Section 4 of the Community Mental Health Act
390	390	26 to provide the necessary funds or to supplement existing funds
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401	401	1 for community mental health facilities and services, including
402	402	2 facilities and services for the person with a developmental
403	403	3 disability or a substance use disorder; and (o) (n) made for
404	404	4 the payment of principal and interest on any bonds issued
405	405	5 under the authority of Section 17-2.11 of the School Code or to
406	406	6 refund or continue to refund those bonds.
407	407	7 "Aggregate extension" for all taxing districts to which
408	408	8 this Law applies in accordance with paragraph (2) of
409	409	9 subsection (e) of Section 18-213 means the annual corporate
410	410	10 extension for the taxing district and those special purpose
411	411	11 extensions that are made annually for the taxing district,
412	412	12 excluding special purpose extensions: (a) made for the taxing
413	413	13 district to pay interest or principal on general obligation
414	414	14 bonds that were approved by referendum; (b) made for any
415	415	15 taxing district to pay interest or principal on general
416	416	16 obligation bonds issued before March 7, 1997 (the effective
417	417	17 date of Public Act 89-718); (c) made for any taxing district to
418	418	18 pay interest or principal on bonds issued to refund or
419	419	19 continue to refund those bonds issued before March 7, 1997
420	420	20 (the effective date of Public Act 89-718); (d) made for any
421	421	21 taxing district to pay interest or principal on bonds issued
422	422	22 to refund or continue to refund bonds issued after March 7,
423	423	23 1997 (the effective date of Public Act 89-718) if the bonds
424	424	24 were approved by referendum after March 7, 1997 (the effective
425	425	25 date of Public Act 89-718); (e) made for any taxing district to
426	426	26 pay interest or principal on revenue bonds issued before March
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437	437	1 7, 1997 (the effective date of Public Act 89-718) for payment
438	438	2 of which a property tax levy or the full faith and credit of
439	439	3 the unit of local government is pledged; however, a tax for the
440	440	4 payment of interest or principal on those bonds shall be made
441	441	5 only after the governing body of the unit of local government
442	442	6 finds that all other sources for payment are insufficient to
443	443	7 make those payments; (f) made for payments under a building
444	444	8 commission lease when the lease payments are for the
445	445	9 retirement of bonds issued by the commission before March 7,
446	446	10 1997 (the effective date of Public Act 89-718) to pay for the
447	447	11 building project; (g) made for payments due under installment
448	448	12 contracts entered into before March 7, 1997 (the effective
449	449	13 date of Public Act 89-718); (h) made for payments of principal
450	450	14 and interest on limited bonds, as defined in Section 3 of the
451	451	15 Local Government Debt Reform Act, in an amount not to exceed
452	452	16 the debt service extension base less the amount in items (b),
453	453	17 (c), and (e) of this definition for non-referendum
454	454	18 obligations, except obligations initially issued pursuant to
455	455	19 referendum; (i) made for payments of principal and interest on
456	456	20 bonds issued under Section 15 of the Local Government Debt
457	457	21 Reform Act; (j) made for a qualified airport authority to pay
458	458	22 interest or principal on general obligation bonds issued for
459	459	23 the purpose of paying obligations due under, or financing
460	460	24 airport facilities required to be acquired, constructed,
461	461	25 installed or equipped pursuant to, contracts entered into
462	462	26 before March 1, 1996 (but not including any amendments to such
463	463
464	464
465	465
466	466
467	467
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469	469
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473	473	1 a contract taking effect on or after that date); (k) made to
474	474	2 fund expenses of providing joint recreational programs for
475	475	3 persons with disabilities under Section 5-8 of the Park
476	476	4 District Code or Section 11-95-14 of the Illinois Municipal
477	477	5 Code; (l) made for contributions to a firefighter's pension
478	478	6 fund created under Article 4 of the Illinois Pension Code, to
479	479	7 the extent of the amount certified under item (5) of Section
480	480	8 4-134 of the Illinois Pension Code; and (m) made under Section
481	481	9 4 of the Community Mental Health Act to provide the necessary
482	482	10 funds or to supplement existing funds for community mental
483	483	11 health facilities and services, including facilities and
484	484	12 services for the person with a developmental disability or a
485	485	13 substance use disorder; and (n) (m) made for the payment of
486	486	14 principal and interest on any bonds issued under the authority
487	487	15 of Section 17-2.11 of the School Code or to refund or continue
488	488	16 to refund those bonds.
489	489	17 "Aggregate extension" means, for taxing districts that
490	490	18 became subject to this Law as a result of this amendatory Act
491	491	19 of the 104th General Assembly, the annual corporate extension
492	492	20 for the taxing district and those special purpose extensions
493	493	21 that are made annually for the taxing district, excluding
494	494	22 special purpose extensions made for debt service on
495	495	23 obligations incurred before the effective date of this
496	496	24 amendatory Act of the 104th General Assembly.
497	497	25 "Debt service extension base" means an amount equal to
498	498	26 that portion of the extension for a taxing district for the
499	499
500	500
501	501
502	502
503	503
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505	505
506	506
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508	508	HB1497 - 14 - LRB104 06528 HLH 16564 b
509	509	1 1994 levy year, or for those taxing districts subject to this
510	510	2 Law in accordance with Section 18-213, except for those
511	511	3 subject to paragraph (2) of subsection (e) of Section 18-213,
512	512	4 for the levy year in which the referendum making this Law
513	513	5 applicable to the taxing district is held, or for those taxing
514	514	6 districts subject to this Law in accordance with paragraph (2)
515	515	7 of subsection (e) of Section 18-213 for the 1996 levy year,
516	516	8 constituting an extension for payment of principal and
517	517	9 interest on bonds issued by the taxing district without
518	518	10 referendum, but not including excluded non-referendum bonds.
519	519	11 For park districts (i) that were first subject to this Law in
520	520	12 1991 or 1995 and (ii) whose extension for the 1994 levy year
521	521	13 for the payment of principal and interest on bonds issued by
522	522	14 the park district without referendum (but not including
523	523	15 excluded non-referendum bonds) was less than 51% of the amount
524	524	16 for the 1991 levy year constituting an extension for payment
525	525	17 of principal and interest on bonds issued by the park district
526	526	18 without referendum (but not including excluded non-referendum
527	527	19 bonds), "debt service extension base" means an amount equal to
528	528	20 that portion of the extension for the 1991 levy year
529	529	21 constituting an extension for payment of principal and
530	530	22 interest on bonds issued by the park district without
531	531	23 referendum (but not including excluded non-referendum bonds).
532	532	24 A debt service extension base established or increased at any
533	533	25 time pursuant to any provision of this Law, except Section
534	534	26 18-212, shall be increased each year commencing with the later
535	535
536	536
537	537
538	538
539	539
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541	541
542	542
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544	544	HB1497 - 15 - LRB104 06528 HLH 16564 b
545	545	1 of (i) the 2009 levy year or (ii) the first levy year in which
546	546	2 this Law becomes applicable to the taxing district, by the
547	547	3 lesser of 5% or the percentage increase in the Consumer Price
548	548	4 Index during the 12-month calendar year preceding the levy
549	549	5 year. The debt service extension base may be established or
550	550	6 increased as provided under Section 18-212. "Excluded
551	551	7 non-referendum bonds" means (i) bonds authorized by Public Act
552	552	8 88-503 and issued under Section 20a of the Chicago Park
553	553	9 District Act for aquarium and museum projects; (ii) bonds
554	554	10 issued under Section 15 of the Local Government Debt Reform
555	555	11 Act; or (iii) refunding obligations issued to refund or to
556	556	12 continue to refund obligations initially issued pursuant to
557	557	13 referendum.
558	558	14 "Special purpose extensions" include, but are not limited
559	559	15 to, extensions for levies made on an annual basis for
560	560	16 unemployment and workers' compensation, self-insurance,
561	561	17 contributions to pension plans, and extensions made pursuant
562	562	18 to Section 6-601 of the Illinois Highway Code for a road
563	563	19 district's permanent road fund whether levied annually or not.
564	564	20 The extension for a special service area is not included in the
565	565	21 aggregate extension.
566	566	22 "Aggregate extension base" means the taxing district's
567	567	23 last preceding aggregate extension as adjusted under Sections
568	568	24 18-135, 18-215, 18-230, 18-206, and 18-233. Beginning with
569	569	25 levy year 2022, for taxing districts that are specified in
570	570	26 Section 18-190.7, the taxing district's aggregate extension
571	571
572	572
573	573
574	574
575	575
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577	577
578	578
579	579	HB1497- 16 -LRB104 06528 HLH 16564 b HB1497 - 16 - LRB104 06528 HLH 16564 b
580	580	HB1497 - 16 - LRB104 06528 HLH 16564 b
581	581	1 base shall be calculated as provided in Section 18-190.7. An
582	582	2 adjustment under Section 18-135 shall be made for the 2007
583	583	3 levy year and all subsequent levy years whenever one or more
584	584	4 counties within which a taxing district is located (i) used
585	585	5 estimated valuations or rates when extending taxes in the
586	586	6 taxing district for the last preceding levy year that resulted
587	587	7 in the over or under extension of taxes, or (ii) increased or
588	588	8 decreased the tax extension for the last preceding levy year
589	589	9 as required by Section 18-135(c). Whenever an adjustment is
590	590	10 required under Section 18-135, the aggregate extension base of
591	591	11 the taxing district shall be equal to the amount that the
592	592	12 aggregate extension of the taxing district would have been for
593	593	13 the last preceding levy year if either or both (i) actual,
594	594	14 rather than estimated, valuations or rates had been used to
595	595	15 calculate the extension of taxes for the last levy year, or
596	596	16 (ii) the tax extension for the last preceding levy year had not
597	597	17 been adjusted as required by subsection (c) of Section 18-135.
598	598	18 Notwithstanding any other provision of law, for levy year
599	599	19 2012, the aggregate extension base for West Northfield School
600	600	20 District No. 31 in Cook County shall be $12,654,592.
601	601	21 Notwithstanding any other provision of law, for the
602	602	22 purpose of calculating the limiting rate for levy year 2023,
603	603	23 the last preceding aggregate extension base for Homewood
604	604	24 School District No. 153 in Cook County shall be $19,535,377.
605	605	25 Notwithstanding any other provision of law, for levy year
606	606	26 2022, the aggregate extension base of a home equity assurance
607	607
608	608
609	609
610	610
611	611
612	612	HB1497 - 16 - LRB104 06528 HLH 16564 b
613	613
614	614
615	615	HB1497- 17 -LRB104 06528 HLH 16564 b HB1497 - 17 - LRB104 06528 HLH 16564 b
616	616	HB1497 - 17 - LRB104 06528 HLH 16564 b
617	617	1 program that levied at least $1,000,000 in property taxes in
618	618	2 levy year 2019 or 2020 under the Home Equity Assurance Act
619	619	3 shall be the amount that the program's aggregate extension
620	620	4 base for levy year 2021 would have been if the program had
621	621	5 levied a property tax for levy year 2021.
622	622	6 "Levy year" has the same meaning as "year" under Section
623	623	7 1-155.
624	624	8 "New property" means (i) the assessed value, after final
625	625	9 board of review or board of appeals action, of new
626	626	10 improvements or additions to existing improvements on any
627	627	11 parcel of real property that increase the assessed value of
628	628	12 that real property during the levy year multiplied by the
629	629	13 equalization factor issued by the Department under Section
630	630	14 17-30, (ii) the assessed value, after final board of review or
631	631	15 board of appeals action, of real property not exempt from real
632	632	16 estate taxation, which real property was exempt from real
633	633	17 estate taxation for any portion of the immediately preceding
634	634	18 levy year, multiplied by the equalization factor issued by the
635	635	19 Department under Section 17-30, including the assessed value,
636	636	20 upon final stabilization of occupancy after new construction
637	637	21 is complete, of any real property located within the
638	638	22 boundaries of an otherwise or previously exempt military
639	639	23 reservation that is intended for residential use and owned by
640	640	24 or leased to a private corporation or other entity, (iii) in
641	641	25 counties that classify in accordance with Section 4 of Article
642	642	26 IX of the Illinois Constitution, an incentive property's
643	643
644	644
645	645
646	646
647	647
648	648	HB1497 - 17 - LRB104 06528 HLH 16564 b
649	649
650	650
651	651	HB1497- 18 -LRB104 06528 HLH 16564 b HB1497 - 18 - LRB104 06528 HLH 16564 b
652	652	HB1497 - 18 - LRB104 06528 HLH 16564 b
653	653	1 additional assessed value resulting from a scheduled increase
654	654	2 in the level of assessment as applied to the first year final
655	655	3 board of review market value, and (iv) any increase in
656	656	4 assessed value due to oil or gas production from an oil or gas
657	657	5 well required to be permitted under the Hydraulic Fracturing
658	658	6 Regulatory Act that was not produced in or accounted for
659	659	7 during the previous levy year. In addition, the county clerk
660	660	8 in a county containing a population of 3,000,000 or more shall
661	661	9 include in the 1997 recovered tax increment value for any
662	662	10 school district, any recovered tax increment value that was
663	663	11 applicable to the 1995 tax year calculations.
664	664	12 "Qualified airport authority" means an airport authority
665	665	13 organized under the Airport Authorities Act and located in a
666	666	14 county bordering on the State of Wisconsin and having a
667	667	15 population in excess of 200,000 and not greater than 500,000.
668	668	16 "Recovered tax increment value" means, except as otherwise
669	669	17 provided in this paragraph, the amount of the current year's
670	670	18 equalized assessed value, in the first year after a
671	671	19 municipality terminates the designation of an area as a
672	672	20 redevelopment project area previously established under the
673	673	21 Tax Increment Allocation Redevelopment Act in the Illinois
674	674	22 Municipal Code, previously established under the Industrial
675	675	23 Jobs Recovery Law in the Illinois Municipal Code, previously
676	676	24 established under the Economic Development Project Area Tax
677	677	25 Increment Act of 1995, or previously established under the
678	678	26 Economic Development Area Tax Increment Allocation Act, of
679	679
680	680
681	681
682	682
683	683
684	684	HB1497 - 18 - LRB104 06528 HLH 16564 b
685	685
686	686
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688	688	HB1497 - 19 - LRB104 06528 HLH 16564 b
689	689	1 each taxable lot, block, tract, or parcel of real property in
690	690	2 the redevelopment project area over and above the initial
691	691	3 equalized assessed value of each property in the redevelopment
692	692	4 project area. For the taxes which are extended for the 1997
693	693	5 levy year, the recovered tax increment value for a non-home
694	694	6 rule taxing district that first became subject to this Law for
695	695	7 the 1995 levy year because a majority of its 1994 equalized
696	696	8 assessed value was in an affected county or counties shall be
697	697	9 increased if a municipality terminated the designation of an
698	698	10 area in 1993 as a redevelopment project area previously
699	699	11 established under the Tax Increment Allocation Redevelopment
700	700	12 Act in the Illinois Municipal Code, previously established
701	701	13 under the Industrial Jobs Recovery Law in the Illinois
702	702	14 Municipal Code, or previously established under the Economic
703	703	15 Development Area Tax Increment Allocation Act, by an amount
704	704	16 equal to the 1994 equalized assessed value of each taxable
705	705	17 lot, block, tract, or parcel of real property in the
706	706	18 redevelopment project area over and above the initial
707	707	19 equalized assessed value of each property in the redevelopment
708	708	20 project area. In the first year after a municipality removes a
709	709	21 taxable lot, block, tract, or parcel of real property from a
710	710	22 redevelopment project area established under the Tax Increment
711	711	23 Allocation Redevelopment Act in the Illinois Municipal Code,
712	712	24 the Industrial Jobs Recovery Law in the Illinois Municipal
713	713	25 Code, or the Economic Development Area Tax Increment
714	714	26 Allocation Act, "recovered tax increment value" means the
715	715
716	716
717	717
718	718
719	719
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721	721
722	722
723	723	HB1497- 20 -LRB104 06528 HLH 16564 b HB1497 - 20 - LRB104 06528 HLH 16564 b
724	724	HB1497 - 20 - LRB104 06528 HLH 16564 b
725	725	1 amount of the current year's equalized assessed value of each
726	726	2 taxable lot, block, tract, or parcel of real property removed
727	727	3 from the redevelopment project area over and above the initial
728	728	4 equalized assessed value of that real property before removal
729	729	5 from the redevelopment project area.
730	730	6 Except as otherwise provided in this Section, "limiting
731	731	7 rate" means a fraction the numerator of which is the last
732	732	8 preceding aggregate extension base times an amount equal to
733	733	9 one plus the extension limitation defined in this Section and
734	734	10 the denominator of which is the current year's equalized
735	735	11 assessed value of all real property in the territory under the
736	736	12 jurisdiction of the taxing district during the prior levy
737	737	13 year. For those taxing districts that reduced their aggregate
738	738	14 extension for the last preceding levy year, except for school
739	739	15 districts that reduced their extension for educational
740	740	16 purposes pursuant to Section 18-206, the highest aggregate
741	741	17 extension in any of the last 3 preceding levy years shall be
742	742	18 used for the purpose of computing the limiting rate. The
743	743	19 denominator shall not include new property or the recovered
744	744	20 tax increment value. If a new rate, a rate decrease, or a
745	745	21 limiting rate increase has been approved at an election held
746	746	22 after March 21, 2006, then (i) the otherwise applicable
747	747	23 limiting rate shall be increased by the amount of the new rate
748	748	24 or shall be reduced by the amount of the rate decrease, as the
749	749	25 case may be, or (ii) in the case of a limiting rate increase,
750	750	26 the limiting rate shall be equal to the rate set forth in the
751	751
752	752
753	753
754	754
755	755
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757	757
758	758
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760	760	HB1497 - 21 - LRB104 06528 HLH 16564 b
761	761	1 proposition approved by the voters for each of the years
762	762	2 specified in the proposition, after which the limiting rate of
763	763	3 the taxing district shall be calculated as otherwise provided.
764	764	4 In the case of a taxing district that obtained referendum
765	765	5 approval for an increased limiting rate on March 20, 2012, the
766	766	6 limiting rate for tax year 2012 shall be the rate that
767	767	7 generates the approximate total amount of taxes extendable for
768	768	8 that tax year, as set forth in the proposition approved by the
769	769	9 voters; this rate shall be the final rate applied by the county
770	770	10 clerk for the aggregate of all capped funds of the district for
771	771	11 tax year 2012.
772	772	12 (Source: P.A. 102-263, eff. 8-6-21; 102-311, eff. 8-6-21;
773	773	13 102-519, eff. 8-20-21; 102-558, eff. 8-20-21; 102-707, eff.
774	774	14 4-22-22; 102-813, eff. 5-13-22; 102-895, eff. 5-23-22;
775	775	15 103-154, eff. 6-30-23; 103-587, eff. 5-28-24; 103-591, eff.
776	776	16 7-1-24; 103-592, eff. 6-7-24; revised 7-9-24.)
777	777	17 (35 ILCS 200/18-187 new)
778	778	18 Sec. 18-187. Department of Revenue powers and duties.
779	779	19 (a) For levy years 2026 through 2030, the Department may,
780	780	20 upon request of a taxing district, allow that taxing district
781	781	21 to be exempt from the provisions of this Law for a period of
782	782	22 not more than one levy year.
783	783	23 (b) For levy years 2026 through 2030, the Department may
784	784	24 review and audit property tax levies to ensure compliance with
785	785	25 this Law.
786	786
787	787
788	788
789	789
790	790
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792	792
793	793
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795	795	HB1497 - 22 - LRB104 06528 HLH 16564 b
796	796	1 (c) This Section is repealed on January 1, 2032.
797	797	2 (35 ILCS 200/18-205)
798	798	3 Sec. 18-205. Referendum to increase the extension
799	799	4 limitation.
800	800	5 (a) A taxing district is limited to an extension
801	801	6 limitation as defined in Section 18-185 of 5% or the
802	802	7 percentage increase in the Consumer Price Index during the
803	803	8 12-month calendar year preceding the levy year, whichever is
804	804	9 less. A taxing district may increase its extension limitation
805	805	10 for one or more levy years if that taxing district holds a
806	806	11 referendum before the levy date for the first levy year at
807	807	12 which a majority of voters voting on the issue approves
808	808	13 adoption of a higher extension limitation. Referenda shall be
809	809	14 conducted at a regularly scheduled election in accordance with
810	810	15 the Election Code.
811	811	16 (b) The question shall be presented in substantially the
812	812	17 following manner for all elections held after March 21, 2006:
813	813	18 Shall the extension limitation under the Property Tax
814	814	19 Extension Limitation Law for (insert the legal name,
815	815	20 number, if any, and county or counties of the taxing
816	816	21 district and geographic or other common name by which a
817	817	22 school or community college district is known and referred
818	818	23 to), Illinois, be increased from (applicable extension
819	819	24 limitation set forth in Section 18-185) the lesser of 5%
820	820	25 or the percentage increase in the Consumer Price Index
821	821
822	822
823	823
824	824
825	825
826	826	HB1497 - 22 - LRB104 06528 HLH 16564 b
827	827
828	828
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830	830	HB1497 - 23 - LRB104 06528 HLH 16564 b
831	831	1 over the prior levy year to (insert the percentage of the
832	832	2 proposed increase)% per year for (insert each levy year
833	833	3 for which the increased extension limitation will apply)?
834	834	4 (c) The votes must be recorded as "Yes" or "No".
835	835	5 If a majority of voters voting on the issue approves the
836	836	6 adoption of the increase, the increase shall be applicable for
837	837	7 each levy year specified.
838	838	8 (d) The ballot for any question submitted pursuant to this
839	839	9 Section shall have printed thereon, but not as a part of the
840	840	10 question submitted, only the following supplemental
841	841	11 information (which shall be supplied to the election authority
842	842	12 by the taxing district) in substantially the following form:
843	843	13 (1) For the (insert the first levy year for which the
844	844	14 increased extension limitation will be applicable) levy
845	845	15 year the approximate amount of the additional tax
846	846	16 extendable against property containing a single family
847	847	17 residence and having a fair market value at the time of the
848	848	18 referendum of $100,000 is estimated to be $....
849	849	19 (2) Based upon an average annual percentage increase
850	850	20 (or decrease) in the market value of such property of ...%
851	851	21 (insert percentage equal to the average annual percentage
852	852	22 increase or decrease for the prior 3 levy years, at the
853	853	23 time the submission of the question is initiated by the
854	854	24 taxing district, in the amount of (A) the equalized
855	855	25 assessed value of the taxable property in the taxing
856	856	26 district less (B) the new property included in the
857	857
858	858
859	859
860	860
861	861
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863	863
864	864
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866	866	HB1497 - 24 - LRB104 06528 HLH 16564 b
867	867	1 equalized assessed value), the approximate amount of the
868	868	2 additional tax extendable against such property for the
869	869	3 ... levy year is estimated to be $... and for the ... levy
870	870	4 year is estimated to be $....
871	871	5 Paragraph (2) shall be included only if the increased
872	872	6 extension limitation will be applicable for more than one year
873	873	7 and shall list each levy year for which the increased
874	874	8 extension limitation will be applicable. The additional tax
875	875	9 shown for each levy year shall be the approximate dollar
876	876	10 amount of the increase over the amount of the most recently
877	877	11 completed extension at the time the submission of the question
878	878	12 is initiated by the taxing district. The approximate amount of
879	879	13 the additional tax extendable shown in paragraphs (1) and (2)
880	880	14 shall be calculated by multiplying $100,000 (the fair market
881	881	15 value of the property without regard to any property tax
882	882	16 exemptions) by (i) the percentage level of assessment
883	883	17 prescribed for that property by statute, or by ordinance of
884	884	18 the county board in counties that classify property for
885	885	19 purposes of taxation in accordance with Section 4 of Article
886	886	20 IX of the Illinois Constitution; (ii) the most recent final
887	887	21 equalization factor certified to the county clerk by the
888	888	22 Department of Revenue at the time the taxing district
889	889	23 initiates the submission of the proposition to the electors;
890	890	24 (iii) the last known aggregate extension base of the taxing
891	891	25 district at the time the submission of the question is
892	892	26 initiated by the taxing district; and (iv) the difference
893	893
894	894
895	895
896	896
897	897
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899	899
900	900
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902	902	HB1497 - 25 - LRB104 06528 HLH 16564 b
903	903	1 between the percentage increase proposed in the question and
904	904	2 the otherwise applicable extension limitation under Section
905	905	3 18-185 the lesser of 5% or the percentage increase in the
906	906	4 Consumer Price Index for the prior levy year (or an estimate of
907	907	5 the percentage increase for the prior levy year if the
908	908	6 increase is unavailable at the time the submission of the
909	909	7 question is initiated by the taxing district); and dividing
910	910	8 the result by the last known equalized assessed value of the
911	911	9 taxing district at the time the submission of the question is
912	912	10 initiated by the taxing district. This amendatory Act of the
913	913	11 97th General Assembly is intended to clarify the existing
914	914	12 requirements of this Section, and shall not be construed to
915	915	13 validate any prior non-compliant referendum language. Any
916	916	14 notice required to be published in connection with the
917	917	15 submission of the question shall also contain this
918	918	16 supplemental information and shall not contain any other
919	919	17 supplemental information. Any error, miscalculation, or
920	920	18 inaccuracy in computing any amount set forth on the ballot or
921	921	19 in the notice that is not deliberate shall not invalidate or
922	922	20 affect the validity of any proposition approved. Notice of the
923	923	21 referendum shall be published and posted as otherwise required
924	924	22 by law, and the submission of the question shall be initiated
925	925	23 as provided by law.
926	926	24 (Source: P.A. 97-1087, eff. 8-24-12.)
927	927	25 (35 ILCS 200/18-242 new)
928	928
929	929
930	930
931	931
932	932
933	933	HB1497 - 25 - LRB104 06528 HLH 16564 b
934	934
935	935
936	936	HB1497- 26 -LRB104 06528 HLH 16564 b HB1497 - 26 - LRB104 06528 HLH 16564 b
937	937	HB1497 - 26 - LRB104 06528 HLH 16564 b
938	938	1 Sec. 18-242. Home rule. This Division 5 is a limitation,
939	939	2 under subsection (g) of Section 6 of Article VII of the
940	940	3 Illinois Constitution, on the power of home rule units to tax.
941	941
942	942
943	943
944	944
945	945
946	946	HB1497 - 26 - LRB104 06528 HLH 16564 b