PTELL-RATE INCREASE Senate SponsorsSen. Don Harmon-Pamela J. Althoff 1/9/2007SenateSession Sine Die 35 ILCS 200/18-12535 ILCS 200/18-18535 ILCS 200/18-19035 ILCS 200/18-19535 ILCS 200/18-20535 ILCS 200/18-230 rep.105 ILCS 5/17-3from Ch. 122, par. 17-3Amends the Property Tax Code. Makes changes to the form of the ballot proposition to increase a maximum tax rate and makes changes to the information that must be printed on the ballot. In the Property Tax Extension Limitation Law in the Property Tax Code, makes changes to the calculation of the limiting rate after a rate increase or decrease has been approved by referendum and repeals a Section concerning the rate increase or decrease factor. Sets forth procedures that taxing districts must follow whenever seeking referendum approval after April 5, 2005 to (i) levy a new tax rate authorized by statute, (ii) increase the rate extended for any tax the taxing district is authorized to levy and which rate is authorized by statute to be increased by referendum, or (iii) increase the limiting rate applicable to the taxing district (instead of procedures to increase certain maximum tax rates). Makes changes to the information that must be printed on a ballot to increase the extension limitation. Amends the School Code. Provides that a school board in any district having a population of less than 500,000 inhabitants may decrease its annual tax rate for educational purposes by referendum. Makes other changes. Effective immediately. 11/3/2005SenateFiled with Secretary by Sen. Don Harmon 11/3/2005SenateFirst Reading 11/3/2005SenateReferred to Rules 11/3/2005SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 1/9/2007SenateSession Sine Die