PTELL-AGGREGATE EXTENSION Senate SponsorsSen. John F. Curran-Darby A. Hills and Sally J. Turner 1/22/2025SenateReferred to Assignments 35 ILCS 200/18-18535 ILCS 200/18-20535 ILCS 200/18-207 new35 ILCS 200/18-212Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately. 1/22/2025SenateFiled with Secretary by Sen. Dan McConchie 1/22/2025SenateFirst Reading 1/22/2025SenateReferred to Assignments 2/2/2025SenateChief Sponsor Changed to Sen. John F. Curran 8/5/2025SenateAdded as Co-Sponsor Sen. Sally J. Turner 12/1/2025SenateAdded as Chief Co-Sponsor Sen. Darby A. Hills