<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 80     </title>
<shortdesc>PROP TAX-HOUSING DEV CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Todd Sieben</sponsors>
</sponsor>
<lastaction>
<statusdate>4/11/2005</statusdate><chamber>Senate</chamber><action>Third Reading - Lost; 013-039-001</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/18-185</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Extension Limitation Law in the Property Tax Code. In certain non-home rule taxing districts in which the voters have approved a referendum making the Property Tax Extension Limitation Law applicable, exempts from the extension limitation those extensions made for payments of principal and interest on bonds issued before July 1, 2005 by any school district on the State Board of Education's Financial Warning List for the purpose of financing a retrofit program to replace steam pipes. Effective immediately.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<SynopsisText>Provides that the extension limitation exemption applies to those extensions made for payments of principal and interest on bonds issued before July 1, 2006 (instead of July 1, 2005) for the purpose of financing a retrofit program to replace steam pipes.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Todd Sieben</action>
<statusdate>1/26/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/26/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/3/2005</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/15/2005</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Todd Sieben</action>
<statusdate>2/15/2005</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Rules</action>
<statusdate>2/17/2005</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>2/23/2005</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Rules Refers to  Revenue</action>
<statusdate>2/23/2005</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>2/24/2005</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Revenue;  008-001-000</action>
<statusdate>2/24/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 1, 2005</action>
<statusdate>3/1/2005</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/1/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 2, 2005</action>
<statusdate>4/11/2005</statusdate><chamber>Senate</chamber><action>Third Reading - Lost; 013-039-001</action>
</actions>
</xml>

