Illinois 2025-2026 Regular Session

Illinois House Bill HB1497 Latest Draft

Bill / Introduced Version Filed 01/21/2025

                            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
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
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.
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    LRB104 06528 HLH 16564 b
A BILL FOR
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  HB1497  LRB104 06528 HLH 16564 b
1  AN ACT concerning revenue.
2  Be it enacted by the People of the State of Illinois,
3  represented in the General Assembly:
4  Section 5. The Property Tax Code is amended by changing
5  Sections 18-185 and 18-205 and by adding Sections 18-187 and
6  18-242 as follows:
7  (35 ILCS 200/18-185)
8  Sec. 18-185. Short title; definitions.  This Division 5
9  may be cited as the Property Tax Extension Limitation Law. As
10  used in this Division 5:
11  "Consumer Price Index" means the Consumer Price Index for
12  All Urban Consumers for all items published by the United
13  States Department of Labor.
14  "Extension limitation" means, for levy years other than
15  levy years 2026 through 2030, (a) the lesser of 5% or the
16  percentage increase in the Consumer Price Index during the
17  12-month calendar year preceding the levy year or (b) the rate
18  of increase approved by voters under Section 18-205. For levy
19  years 2026 through 2030, the extension limitation is 0% or the
20  rate of increase approved by the voters under Section 18-205.
21  "Affected county" means a county of 3,000,000 or more
22  inhabitants or a county contiguous to a county of 3,000,000 or
23  more inhabitants.

 

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
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.
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    LRB104 06528 HLH 16564 b
A BILL FOR

 

 

35 ILCS 200/18-185
35 ILCS 200/18-187 new
35 ILCS 200/18-205
35 ILCS 200/18-242 new



    LRB104 06528 HLH 16564 b

 

 



 

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1  "Taxing district" has the same meaning provided in Section
2  1-150, except as otherwise provided in this Section. For the
3  1991 through 1994 levy years only, "taxing district" includes
4  only each non-home rule taxing district having the majority of
5  its 1990 equalized assessed value within any county or
6  counties contiguous to a county with 3,000,000 or more
7  inhabitants. Beginning with the 1995 levy year, "taxing
8  district" includes only each non-home rule taxing district
9  subject to this Law before the 1995 levy year and each non-home
10  rule taxing district not subject to this Law before the 1995
11  levy year having the majority of its 1994 equalized assessed
12  value in an affected county or counties. Beginning with the
13  levy year in which this Law becomes applicable to a taxing
14  district as provided in Section 18-213, "taxing district" also
15  includes those taxing districts made subject to this Law as
16  provided in Section 18-213. For levy years 2026 through 2030,
17  "taxing district" includes each home rule taxing district.
18  "Aggregate extension" for taxing districts to which this
19  Law applied before the 1995 levy year means the annual
20  corporate extension for the taxing district and those special
21  purpose extensions that are made annually for the taxing
22  district, excluding special purpose extensions: (a) made for
23  the taxing district to pay interest or principal on general
24  obligation bonds that were approved by referendum; (b) made
25  for any taxing district to pay interest or principal on
26  general obligation bonds issued before October 1, 1991; (c)

 

 

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1  made for any taxing district to pay interest or principal on
2  bonds issued to refund or continue to refund those bonds
3  issued before October 1, 1991; (d) made for any taxing
4  district to pay interest or principal on bonds issued to
5  refund or continue to refund bonds issued after October 1,
6  1991 that were approved by referendum; (e) made for any taxing
7  district to pay interest or principal on revenue bonds issued
8  before October 1, 1991 for payment of which a property tax levy
9  or the full faith and credit of the unit of local government is
10  pledged; however, a tax for the payment of interest or
11  principal on those bonds shall be made only after the
12  governing body of the unit of local government finds that all
13  other sources for payment are insufficient to make those
14  payments; (f) made for payments under a building commission
15  lease when the lease payments are for the retirement of bonds
16  issued by the commission before October 1, 1991, to pay for the
17  building project; (g) made for payments due under installment
18  contracts entered into before October 1, 1991; (h) made for
19  payments of principal and interest on bonds issued under the
20  Metropolitan Water Reclamation District Act to finance
21  construction projects initiated before October 1, 1991; (i)
22  made for payments of principal and interest on limited bonds,
23  as defined in Section 3 of the Local Government Debt Reform
24  Act, in an amount not to exceed the debt service extension base
25  less the amount in items (b), (c), (e), and (h) of this
26  definition for non-referendum obligations, except obligations

 

 

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1  initially issued pursuant to referendum; (j) made for payments
2  of principal and interest on bonds issued under Section 15 of
3  the Local Government Debt Reform Act; (k) made by a school
4  district that participates in the Special Education District
5  of Lake County, created by special education joint agreement
6  under Section 10-22.31 of the School Code, for payment of the
7  school district's share of the amounts required to be
8  contributed by the Special Education District of Lake County
9  to the Illinois Municipal Retirement Fund under Article 7 of
10  the Illinois Pension Code; the amount of any extension under
11  this item (k) shall be certified by the school district to the
12  county clerk; (l) made to fund expenses of providing joint
13  recreational programs for persons with disabilities under
14  Section 5-8 of the Park District Code or Section 11-95-14 of
15  the Illinois Municipal Code; (m) made for temporary relocation
16  loan repayment purposes pursuant to Sections 2-3.77 and
17  17-2.2d of the School Code; (n) made for payment of principal
18  and interest on any bonds issued under the authority of
19  Section 17-2.2d of the School Code; (o) made for contributions
20  to a firefighter's pension fund created under Article 4 of the
21  Illinois Pension Code, to the extent of the amount certified
22  under item (5) of Section 4-134 of the Illinois Pension Code;
23  (p) made for road purposes in the first year after a township
24  assumes the rights, powers, duties, assets, property,
25  liabilities, obligations, and responsibilities of a road
26  district abolished under the provisions of Section 6-133 of

 

 

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1  the Illinois Highway Code; and (q) made under Section 4 of the
2  Community Mental Health Act to provide the necessary funds or
3  to supplement existing funds for community mental health
4  facilities and services, including facilities and services for
5  the person with a developmental disability or a substance use
6  disorder; and (r) (q) made for the payment of principal and
7  interest on any bonds issued under the authority of Section
8  17-2.11 of the School Code or to refund or continue to refund
9  those bonds.
10  "Aggregate extension" for the taxing districts to which
11  this Law did not apply before the 1995 levy year (except taxing
12  districts subject to this Law in accordance with Section
13  18-213) means the annual corporate extension for the taxing
14  district and those special purpose extensions that are made
15  annually for the taxing district, excluding special purpose
16  extensions: (a) made for the taxing district to pay interest
17  or principal on general obligation bonds that were approved by
18  referendum; (b) made for any taxing district to pay interest
19  or principal on general obligation bonds issued before March
20  1, 1995; (c) made for any taxing district to pay interest or
21  principal on bonds issued to refund or continue to refund
22  those bonds issued before March 1, 1995; (d) made for any
23  taxing district to pay interest or principal on bonds issued
24  to refund or continue to refund bonds issued after March 1,
25  1995 that were approved by referendum; (e) made for any taxing
26  district to pay interest or principal on revenue bonds issued

 

 

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1  before March 1, 1995 for payment of which a property tax levy
2  or the full faith and credit of the unit of local government is
3  pledged; however, a tax for the payment of interest or
4  principal on those bonds shall be made only after the
5  governing body of the unit of local government finds that all
6  other sources for payment are insufficient to make those
7  payments; (f) made for payments under a building commission
8  lease when the lease payments are for the retirement of bonds
9  issued by the commission before March 1, 1995 to pay for the
10  building project; (g) made for payments due under installment
11  contracts entered into before March 1, 1995; (h) made for
12  payments of principal and interest on bonds issued under the
13  Metropolitan Water Reclamation District Act to finance
14  construction projects initiated before October 1, 1991; (h-4)
15  made for stormwater management purposes by the Metropolitan
16  Water Reclamation District of Greater Chicago under Section 12
17  of the Metropolitan Water Reclamation District Act; (h-8) made
18  for payments of principal and interest on bonds issued under
19  Section 9.6a of the Metropolitan Water Reclamation District
20  Act to make contributions to the pension fund established
21  under Article 13 of the Illinois Pension Code; (i) made for
22  payments of principal and interest on limited bonds, as
23  defined in Section 3 of the Local Government Debt Reform Act,
24  in an amount not to exceed the debt service extension base less
25  the amount in items (b), (c), and (e) of this definition for
26  non-referendum obligations, except obligations initially

 

 

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1  issued pursuant to referendum and bonds described in
2  subsections (h) and (h-8) of this definition; (j) made for
3  payments of principal and interest on bonds issued under
4  Section 15 of the Local Government Debt Reform Act; (k) made
5  for payments of principal and interest on bonds authorized by
6  Public Act 88-503 and issued under Section 20a of the Chicago
7  Park District Act for aquarium or museum projects and bonds
8  issued under Section 20a of the Chicago Park District Act for
9  the purpose of making contributions to the pension fund
10  established under Article 12 of the Illinois Pension Code; (l)
11  made for payments of principal and interest on bonds
12  authorized by Public Act 87-1191 or 93-601 and (i) issued
13  pursuant to Section 21.2 of the Cook County Forest Preserve
14  District Act, (ii) issued under Section 42 of the Cook County
15  Forest Preserve District Act for zoological park projects, or
16  (iii) issued under Section 44.1 of the Cook County Forest
17  Preserve District Act for botanical gardens projects; (m) made
18  pursuant to Section 34-53.5 of the School Code, whether levied
19  annually or not; (n) made to fund expenses of providing joint
20  recreational programs for persons with disabilities under
21  Section 5-8 of the Park District Code or Section 11-95-14 of
22  the Illinois Municipal Code; (o) made by the Chicago Park
23  District for recreational programs for persons with
24  disabilities under subsection (c) of Section 7.06 of the
25  Chicago Park District Act; (p) made for contributions to a
26  firefighter's pension fund created under Article 4 of the

 

 

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1  Illinois Pension Code, to the extent of the amount certified
2  under item (5) of Section 4-134 of the Illinois Pension Code;
3  (q) made by Ford Heights School District 169 under Section
4  17-9.02 of the School Code; (r) made for the purpose of making
5  employer contributions to the Public School Teachers' Pension
6  and Retirement Fund of Chicago under Section 34-53 of the
7  School Code; and (s) made under Section 4 of the Community
8  Mental Health Act to provide the necessary funds or to
9  supplement existing funds for community mental health
10  facilities and services, including facilities and services for
11  the person with a developmental disability or a substance use
12  disorder; and (t) (s) made for the payment of principal and
13  interest on any bonds issued under the authority of Section
14  17-2.11 of the School Code or to refund or continue to refund
15  those bonds.
16  "Aggregate extension" for all taxing districts to which
17  this Law applies in accordance with Section 18-213, except for
18  those taxing districts subject to paragraph (2) of subsection
19  (e) of Section 18-213, means the annual corporate extension
20  for the taxing district and those special purpose extensions
21  that are made annually for the taxing district, excluding
22  special purpose extensions: (a) made for the taxing district
23  to pay interest or principal on general obligation bonds that
24  were approved by referendum; (b) made for any taxing district
25  to pay interest or principal on general obligation bonds
26  issued before the date on which the referendum making this Law

 

 

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1  applicable to the taxing district is held; (c) made for any
2  taxing district to pay interest or principal on bonds issued
3  to refund or continue to refund those bonds issued before the
4  date on which the referendum making this Law applicable to the
5  taxing district is held; (d) made for any taxing district to
6  pay interest or principal on bonds issued to refund or
7  continue to refund bonds issued after the date on which the
8  referendum making this Law applicable to the taxing district
9  is held if the bonds were approved by referendum after the date
10  on which the referendum making this Law applicable to the
11  taxing district is held; (e) made for any taxing district to
12  pay interest or principal on revenue bonds issued before the
13  date on which the referendum making this Law applicable to the
14  taxing district is held for payment of which a property tax
15  levy or the full faith and credit of the unit of local
16  government is pledged; however, a tax for the payment of
17  interest or principal on those bonds shall be made only after
18  the governing body of the unit of local government finds that
19  all other sources for payment are insufficient to make those
20  payments; (f) made for payments under a building commission
21  lease when the lease payments are for the retirement of bonds
22  issued by the commission before the date on which the
23  referendum making this Law applicable to the taxing district
24  is held to pay for the building project; (g) made for payments
25  due under installment contracts entered into before the date
26  on which the referendum making this Law applicable to the

 

 

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1  taxing district is held; (h) made for payments of principal
2  and interest on limited bonds, as defined in Section 3 of the
3  Local Government Debt Reform Act, in an amount not to exceed
4  the debt service extension base less the amount in items (b),
5  (c), and (e) of this definition for non-referendum
6  obligations, except obligations initially issued pursuant to
7  referendum; (i) made for payments of principal and interest on
8  bonds issued under Section 15 of the Local Government Debt
9  Reform Act; (j) made for a qualified airport authority to pay
10  interest or principal on general obligation bonds issued for
11  the purpose of paying obligations due under, or financing
12  airport facilities required to be acquired, constructed,
13  installed or equipped pursuant to, contracts entered into
14  before March 1, 1996 (but not including any amendments to such
15  a contract taking effect on or after that date); (k) made to
16  fund expenses of providing joint recreational programs for
17  persons with disabilities under Section 5-8 of the Park
18  District Code or Section 11-95-14 of the Illinois Municipal
19  Code; (l) made for contributions to a firefighter's pension
20  fund created under Article 4 of the Illinois Pension Code, to
21  the extent of the amount certified under item (5) of Section
22  4-134 of the Illinois Pension Code; (m) made for the taxing
23  district to pay interest or principal on general obligation
24  bonds issued pursuant to Section 19-3.10 of the School Code;
25  and (n) made under Section 4 of the Community Mental Health Act
26  to provide the necessary funds or to supplement existing funds

 

 

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1  for community mental health facilities and services, including
2  facilities and services for the person with a developmental
3  disability or a substance use disorder; and (o) (n) made for
4  the payment of principal and interest on any bonds issued
5  under the authority of Section 17-2.11 of the School Code or to
6  refund or continue to refund those bonds.
7  "Aggregate extension" for all taxing districts to which
8  this Law applies in accordance with paragraph (2) of
9  subsection (e) of Section 18-213 means the annual corporate
10  extension for the taxing district and those special purpose
11  extensions that are made annually for the taxing district,
12  excluding special purpose extensions: (a) made for the taxing
13  district to pay interest or principal on general obligation
14  bonds that were approved by referendum; (b) made for any
15  taxing district to pay interest or principal on general
16  obligation bonds issued before March 7, 1997 (the effective
17  date of Public Act 89-718); (c) made for any taxing district to
18  pay interest or principal on bonds issued to refund or
19  continue to refund those bonds issued before March 7, 1997
20  (the effective date of Public Act 89-718); (d) made for any
21  taxing district to pay interest or principal on bonds issued
22  to refund or continue to refund bonds issued after March 7,
23  1997 (the effective date of Public Act 89-718) if the bonds
24  were approved by referendum after March 7, 1997 (the effective
25  date of Public Act 89-718); (e) made for any taxing district to
26  pay interest or principal on revenue bonds issued before March

 

 

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1  7, 1997 (the effective date of Public Act 89-718) for payment
2  of which a property tax levy or the full faith and credit of
3  the unit of local government is pledged; however, a tax for the
4  payment of interest or principal on those bonds shall be made
5  only after the governing body of the unit of local government
6  finds that all other sources for payment are insufficient to
7  make those payments; (f) made for payments under a building
8  commission lease when the lease payments are for the
9  retirement of bonds issued by the commission before March 7,
10  1997 (the effective date of Public Act 89-718) to pay for the
11  building project; (g) made for payments due under installment
12  contracts entered into before March 7, 1997 (the effective
13  date of Public Act 89-718); (h) made for payments of principal
14  and interest on limited bonds, as defined in Section 3 of the
15  Local Government Debt Reform Act, in an amount not to exceed
16  the debt service extension base less the amount in items (b),
17  (c), and (e) of this definition for non-referendum
18  obligations, except obligations initially issued pursuant to
19  referendum; (i) made for payments of principal and interest on
20  bonds issued under Section 15 of the Local Government Debt
21  Reform Act; (j) made for a qualified airport authority to pay
22  interest or principal on general obligation bonds issued for
23  the purpose of paying obligations due under, or financing
24  airport facilities required to be acquired, constructed,
25  installed or equipped pursuant to, contracts entered into
26  before March 1, 1996 (but not including any amendments to such

 

 

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1  a contract taking effect on or after that date); (k) made to
2  fund expenses of providing joint recreational programs for
3  persons with disabilities under Section 5-8 of the Park
4  District Code or Section 11-95-14 of the Illinois Municipal
5  Code; (l) made for contributions to a firefighter's pension
6  fund created under Article 4 of the Illinois Pension Code, to
7  the extent of the amount certified under item (5) of Section
8  4-134 of the Illinois Pension Code; and (m) made under Section
9  4 of the Community Mental Health Act to provide the necessary
10  funds or to supplement existing funds for community mental
11  health facilities and services, including facilities and
12  services for the person with a developmental disability or a
13  substance use disorder; and (n) (m) made for the payment of
14  principal and interest on any bonds issued under the authority
15  of Section 17-2.11 of the School Code or to refund or continue
16  to refund those bonds.
17  "Aggregate extension" means, for taxing districts that
18  became subject to this Law as a result of this amendatory Act
19  of the 104th General Assembly, the annual corporate extension
20  for the taxing district and those special purpose extensions
21  that are made annually for the taxing district, excluding
22  special purpose extensions made for debt service on
23  obligations incurred before the effective date of this
24  amendatory Act of the 104th General Assembly.
25  "Debt service extension base" means an amount equal to
26  that portion of the extension for a taxing district for the

 

 

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1  1994 levy year, or for those taxing districts subject to this
2  Law in accordance with Section 18-213, except for those
3  subject to paragraph (2) of subsection (e) of Section 18-213,
4  for the levy year in which the referendum making this Law
5  applicable to the taxing district is held, or for those taxing
6  districts subject to this Law in accordance with paragraph (2)
7  of subsection (e) of Section 18-213 for the 1996 levy year,
8  constituting an extension for payment of principal and
9  interest on bonds issued by the taxing district without
10  referendum, but not including excluded non-referendum bonds.
11  For park districts (i) that were first subject to this Law in
12  1991 or 1995 and (ii) whose extension for the 1994 levy year
13  for the payment of principal and interest on bonds issued by
14  the park district without referendum (but not including
15  excluded non-referendum bonds) was less than 51% of the amount
16  for the 1991 levy year constituting an extension for payment
17  of principal and interest on bonds issued by the park district
18  without referendum (but not including excluded non-referendum
19  bonds), "debt service extension base" means an amount equal to
20  that portion of the extension for the 1991 levy year
21  constituting an extension for payment of principal and
22  interest on bonds issued by the park district without
23  referendum (but not including excluded non-referendum bonds).
24  A debt service extension base established or increased at any
25  time pursuant to any provision of this Law, except Section
26  18-212, shall be increased each year commencing with the later

 

 

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1  of (i) the 2009 levy year or (ii) the first levy year in which
2  this Law becomes applicable to the taxing district, by the
3  lesser of 5% or the percentage increase in the Consumer Price
4  Index during the 12-month calendar year preceding the levy
5  year. The debt service extension base may be established or
6  increased as provided under Section 18-212. "Excluded
7  non-referendum bonds" means (i) bonds authorized by Public Act
8  88-503 and issued under Section 20a of the Chicago Park
9  District Act for aquarium and museum projects; (ii) bonds
10  issued under Section 15 of the Local Government Debt Reform
11  Act; or (iii) refunding obligations issued to refund or to
12  continue to refund obligations initially issued pursuant to
13  referendum.
14  "Special purpose extensions" include, but are not limited
15  to, extensions for levies made on an annual basis for
16  unemployment and workers' compensation, self-insurance,
17  contributions to pension plans, and extensions made pursuant
18  to Section 6-601 of the Illinois Highway Code for a road
19  district's permanent road fund whether levied annually or not.
20  The extension for a special service area is not included in the
21  aggregate extension.
22  "Aggregate extension base" means the taxing district's
23  last preceding aggregate extension as adjusted under Sections
24  18-135, 18-215, 18-230, 18-206, and 18-233. Beginning with
25  levy year 2022, for taxing districts that are specified in
26  Section 18-190.7, the taxing district's aggregate extension

 

 

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1  base shall be calculated as provided in Section 18-190.7. An
2  adjustment under Section 18-135 shall be made for the 2007
3  levy year and all subsequent levy years whenever one or more
4  counties within which a taxing district is located (i) used
5  estimated valuations or rates when extending taxes in the
6  taxing district for the last preceding levy year that resulted
7  in the over or under extension of taxes, or (ii) increased or
8  decreased the tax extension for the last preceding levy year
9  as required by Section 18-135(c). Whenever an adjustment is
10  required under Section 18-135, the aggregate extension base of
11  the taxing district shall be equal to the amount that the
12  aggregate extension of the taxing district would have been for
13  the last preceding levy year if either or both (i) actual,
14  rather than estimated, valuations or rates had been used to
15  calculate the extension of taxes for the last levy year, or
16  (ii) the tax extension for the last preceding levy year had not
17  been adjusted as required by subsection (c) of Section 18-135.
18  Notwithstanding any other provision of law, for levy year
19  2012, the aggregate extension base for West Northfield School
20  District No. 31 in Cook County shall be $12,654,592.
21  Notwithstanding any other provision of law, for the
22  purpose of calculating the limiting rate for levy year 2023,
23  the last preceding aggregate extension base for Homewood
24  School District No. 153 in Cook County shall be $19,535,377.
25  Notwithstanding any other provision of law, for levy year
26  2022, the aggregate extension base of a home equity assurance

 

 

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1  program that levied at least $1,000,000 in property taxes in
2  levy year 2019 or 2020 under the Home Equity Assurance Act
3  shall be the amount that the program's aggregate extension
4  base for levy year 2021 would have been if the program had
5  levied a property tax for levy year 2021.
6  "Levy year" has the same meaning as "year" under Section
7  1-155.
8  "New property" means (i) the assessed value, after final
9  board of review or board of appeals action, of new
10  improvements or additions to existing improvements on any
11  parcel of real property that increase the assessed value of
12  that real property during the levy year multiplied by the
13  equalization factor issued by the Department under Section
14  17-30, (ii) the assessed value, after final board of review or
15  board of appeals action, of real property not exempt from real
16  estate taxation, which real property was exempt from real
17  estate taxation for any portion of the immediately preceding
18  levy year, multiplied by the equalization factor issued by the
19  Department under Section 17-30, including the assessed value,
20  upon final stabilization of occupancy after new construction
21  is complete, of any real property located within the
22  boundaries of an otherwise or previously exempt military
23  reservation that is intended for residential use and owned by
24  or leased to a private corporation or other entity, (iii) in
25  counties that classify in accordance with Section 4 of Article
26  IX of the Illinois Constitution, an incentive property's

 

 

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1  additional assessed value resulting from a scheduled increase
2  in the level of assessment as applied to the first year final
3  board of review market value, and (iv) any increase in
4  assessed value due to oil or gas production from an oil or gas
5  well required to be permitted under the Hydraulic Fracturing
6  Regulatory Act that was not produced in or accounted for
7  during the previous levy year. In addition, the county clerk
8  in a county containing a population of 3,000,000 or more shall
9  include in the 1997 recovered tax increment value for any
10  school district, any recovered tax increment value that was
11  applicable to the 1995 tax year calculations.
12  "Qualified airport authority" means an airport authority
13  organized under the Airport Authorities Act and located in a
14  county bordering on the State of Wisconsin and having a
15  population in excess of 200,000 and not greater than 500,000.
16  "Recovered tax increment value" means, except as otherwise
17  provided in this paragraph, the amount of the current year's
18  equalized assessed value, in the first year after a
19  municipality terminates the designation of an area as a
20  redevelopment project area previously established under the
21  Tax Increment Allocation Redevelopment Act in the Illinois
22  Municipal Code, previously established under the Industrial
23  Jobs Recovery Law in the Illinois Municipal Code, previously
24  established under the Economic Development Project Area Tax
25  Increment Act of 1995, or previously established under the
26  Economic Development Area Tax Increment Allocation Act, of

 

 

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1  each taxable lot, block, tract, or parcel of real property in
2  the redevelopment project area over and above the initial
3  equalized assessed value of each property in the redevelopment
4  project area. For the taxes which are extended for the 1997
5  levy year, the recovered tax increment value for a non-home
6  rule taxing district that first became subject to this Law for
7  the 1995 levy year because a majority of its 1994 equalized
8  assessed value was in an affected county or counties shall be
9  increased if a municipality terminated the designation of an
10  area in 1993 as a redevelopment project area previously
11  established under the Tax Increment Allocation Redevelopment
12  Act in the Illinois Municipal Code, previously established
13  under the Industrial Jobs Recovery Law in the Illinois
14  Municipal Code, or previously established under the Economic
15  Development Area Tax Increment Allocation Act, by an amount
16  equal to the 1994 equalized assessed value of each taxable
17  lot, block, tract, or parcel of real property in the
18  redevelopment project area over and above the initial
19  equalized assessed value of each property in the redevelopment
20  project area. In the first year after a municipality removes a
21  taxable lot, block, tract, or parcel of real property from a
22  redevelopment project area established under the Tax Increment
23  Allocation Redevelopment Act in the Illinois Municipal Code,
24  the Industrial Jobs Recovery Law in the Illinois Municipal
25  Code, or the Economic Development Area Tax Increment
26  Allocation Act, "recovered tax increment value" means the

 

 

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1  amount of the current year's equalized assessed value of each
2  taxable lot, block, tract, or parcel of real property removed
3  from the redevelopment project area over and above the initial
4  equalized assessed value of that real property before removal
5  from the redevelopment project area.
6  Except as otherwise provided in this Section, "limiting
7  rate" means a fraction the numerator of which is the last
8  preceding aggregate extension base times an amount equal to
9  one plus the extension limitation defined in this Section and
10  the denominator of which is the current year's equalized
11  assessed value of all real property in the territory under the
12  jurisdiction of the taxing district during the prior levy
13  year. For those taxing districts that reduced their aggregate
14  extension for the last preceding levy year, except for school
15  districts that reduced their extension for educational
16  purposes pursuant to Section 18-206, the highest aggregate
17  extension in any of the last 3 preceding levy years shall be
18  used for the purpose of computing the limiting rate. The
19  denominator shall not include new property or the recovered
20  tax increment value. If a new rate, a rate decrease, or a
21  limiting rate increase has been approved at an election held
22  after March 21, 2006, then (i) the otherwise applicable
23  limiting rate shall be increased by the amount of the new rate
24  or shall be reduced by the amount of the rate decrease, as the
25  case may be, or (ii) in the case of a limiting rate increase,
26  the limiting rate shall be equal to the rate set forth in the

 

 

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1  proposition approved by the voters for each of the years
2  specified in the proposition, after which the limiting rate of
3  the taxing district shall be calculated as otherwise provided.
4  In the case of a taxing district that obtained referendum
5  approval for an increased limiting rate on March 20, 2012, the
6  limiting rate for tax year 2012 shall be the rate that
7  generates the approximate total amount of taxes extendable for
8  that tax year, as set forth in the proposition approved by the
9  voters; this rate shall be the final rate applied by the county
10  clerk for the aggregate of all capped funds of the district for
11  tax year 2012.
12  (Source: P.A. 102-263, eff. 8-6-21; 102-311, eff. 8-6-21;
13  102-519, eff. 8-20-21; 102-558, eff. 8-20-21; 102-707, eff.
14  4-22-22; 102-813, eff. 5-13-22; 102-895, eff. 5-23-22;
15  103-154, eff. 6-30-23; 103-587, eff. 5-28-24; 103-591, eff.
16  7-1-24; 103-592, eff. 6-7-24; revised 7-9-24.)
17  (35 ILCS 200/18-187 new)
18  Sec. 18-187. Department of Revenue powers and duties.
19  (a) For levy years 2026 through 2030, the Department may,
20  upon request of a taxing district, allow that taxing district
21  to be exempt from the provisions of this Law for a period of
22  not more than one levy year.
23  (b) For levy years 2026 through 2030, the Department may
24  review and audit property tax levies to ensure compliance with
25  this Law.

 

 

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1  (c) This Section is repealed on January 1, 2032.
2  (35 ILCS 200/18-205)
3  Sec. 18-205. Referendum to increase the extension
4  limitation.
5  (a) A taxing district is limited to an extension
6  limitation as defined in Section 18-185 of 5% or the
7  percentage increase in the Consumer Price Index during the
8  12-month calendar year preceding the levy year, whichever is
9  less. A taxing district may increase its extension limitation
10  for one or more levy years if that taxing district holds a
11  referendum before the levy date for the first levy year at
12  which a majority of voters voting on the issue approves
13  adoption of a higher extension limitation. Referenda shall be
14  conducted at a regularly scheduled election in accordance with
15  the Election Code.
16  (b) The question shall be presented in substantially the
17  following manner for all elections held after March 21, 2006:
18  Shall the extension limitation under the Property Tax
19  Extension Limitation Law for (insert the legal name,
20  number, if any, and county or counties of the taxing
21  district and geographic or other common name by which a
22  school or community college district is known and referred
23  to), Illinois, be increased from (applicable extension
24  limitation set forth in Section 18-185) the lesser of 5%
25  or the percentage increase in the Consumer Price Index

 

 

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1  over the prior levy year to (insert the percentage of the
2  proposed increase)% per year for (insert each levy year
3  for which the increased extension limitation will apply)?
4  (c) The votes must be recorded as "Yes" or "No".
5  If a majority of voters voting on the issue approves the
6  adoption of the increase, the increase shall be applicable for
7  each levy year specified.
8  (d) The ballot for any question submitted pursuant to this
9  Section shall have printed thereon, but not as a part of the
10  question submitted, only the following supplemental
11  information (which shall be supplied to the election authority
12  by the taxing district) in substantially the following form:
13  (1) For the (insert the first levy year for which the
14  increased extension limitation will be applicable) levy
15  year the approximate amount of the additional tax
16  extendable against property containing a single family
17  residence and having a fair market value at the time of the
18  referendum of $100,000 is estimated to be $....
19  (2) Based upon an average annual percentage increase
20  (or decrease) in the market value of such property of ...%
21  (insert percentage equal to the average annual percentage
22  increase or decrease for the prior 3 levy years, at the
23  time the submission of the question is initiated by the
24  taxing district, in the amount of (A) the equalized
25  assessed value of the taxable property in the taxing
26  district less (B) the new property included in the

 

 

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1  equalized assessed value), the approximate amount of the
2  additional tax extendable against such property for the
3  ... levy year is estimated to be $... and for the ... levy
4  year is estimated to be $....
5  Paragraph (2) shall be included only if the increased
6  extension limitation will be applicable for more than one year
7  and shall list each levy year for which the increased
8  extension limitation will be applicable. The additional tax
9  shown for each levy year shall be the approximate dollar
10  amount of the increase over the amount of the most recently
11  completed extension at the time the submission of the question
12  is initiated by the taxing district. The approximate amount of
13  the additional tax extendable shown in paragraphs (1) and (2)
14  shall be calculated by multiplying $100,000 (the fair market
15  value of the property without regard to any property tax
16  exemptions) by (i) the percentage level of assessment
17  prescribed for that property by statute, or by ordinance of
18  the county board in counties that classify property for
19  purposes of taxation in accordance with Section 4 of Article
20  IX of the Illinois Constitution; (ii) the most recent final
21  equalization factor certified to the county clerk by the
22  Department of Revenue at the time the taxing district
23  initiates the submission of the proposition to the electors;
24  (iii) the last known aggregate extension base of the taxing
25  district at the time the submission of the question is
26  initiated by the taxing district; and (iv) the difference

 

 

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1  between the percentage increase proposed in the question and
2  the otherwise applicable extension limitation under Section
3  18-185 the lesser of 5% or the percentage increase in the
4  Consumer Price Index for the prior levy year (or an estimate of
5  the percentage increase for the prior levy year if the
6  increase is unavailable at the time the submission of the
7  question is initiated by the taxing district); and dividing
8  the result by the last known equalized assessed value of the
9  taxing district at the time the submission of the question is
10  initiated by the taxing district. This amendatory Act of the
11  97th General Assembly is intended to clarify the existing
12  requirements of this Section, and shall not be construed to
13  validate any prior non-compliant referendum language. Any
14  notice required to be published in connection with the
15  submission of the question shall also contain this
16  supplemental information and shall not contain any other
17  supplemental information. Any error, miscalculation, or
18  inaccuracy in computing any amount set forth on the ballot or
19  in the notice that is not deliberate shall not invalidate or
20  affect the validity of any proposition approved. Notice of the
21  referendum shall be published and posted as otherwise required
22  by law, and the submission of the question shall be initiated
23  as provided by law.
24  (Source: P.A. 97-1087, eff. 8-24-12.)
25  (35 ILCS 200/18-242 new)

 

 

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1  Sec. 18-242. Home rule. This Division 5 is a limitation,
2  under subsection (g) of Section 6 of Article VII of the
3  Illinois Constitution, on the power of home rule units to tax.

 

 

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