PTELL-DEBT SERVICE EXTENSION House SponsorsRep. Elaine Nekritz-Angelo Saviano and André M. Thapedi Senate Sponsors(Sen. Don Harmon) 8/14/2009HousePublic Act . . . . . . . . . 96-0501 35 ILCS 200/18-185 Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the debt service extension base must be increased each year by the percentage increase, for the previous calendar year, of the Consumer Price Index. Effective immediately.House Committee Amendment No. 1 Provides that the debt service extension base must be increased by the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year (instead of the percentage increase of the Consumer Price Index for the previous calendar year).Fiscal Note, House Committee Amendment No. 1 (Dept. of Revenue) HB 242 will have no fiscal impact on State revenues. 1/16/2009HouseFiled with the Clerk by Rep. Elaine Nekritz 1/20/2009HouseFirst Reading 1/20/2009HouseReferred to Rules Committee 2/4/2009HouseAssigned to Revenue & Finance Committee 3/12/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee 3/12/2009HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote 3/12/2009HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000 3/12/2009HouseRemains in Revenue & Finance Committee 3/12/2009HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000 3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate 3/17/2009HouseHouse Committee Amendment No. 1 Fiscal Note Filed as Amended 3/17/2009HouseSecond Reading - Short Debate 3/17/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/18/2009HouseAdded Chief Co-Sponsor Rep. Angelo Saviano 3/24/2009HouseAdded Co-Sponsor Rep. André M. Thapedi 3/26/2009HouseThird Reading - Short Debate - Passed 069-046-000 3/30/2009SenateArrive in Senate 3/30/2009SenatePlaced on Calendar Order of First Reading 3/30/2009SenateChief Senate Sponsor Sen. Don Harmon 3/30/2009SenateFirst Reading 3/30/2009SenateReferred to Assignments 4/22/2009SenateAssigned to Revenue 4/30/2009SenateDo Pass Revenue; 006-001-000 4/30/2009SenatePlaced on Calendar Order of 2nd Reading May 5, 2009 5/7/2009SenateSecond Reading 5/7/2009SenatePlaced on Calendar Order of 3rd Reading May 12, 2009 5/19/2009SenateThird Reading - Passed; 036-021-000 5/19/2009HousePassed Both Houses 6/17/2009HouseSent to the Governor 8/14/2009HouseGovernor Approved 8/14/2009HouseEffective Date August 14, 2009 8/14/2009HousePublic Act . . . . . . . . . 96-0501