PTELL-DISTRICTS ADOPT RATE House SponsorsRep. Michael W. Tryon-Jeanne M Ives 12/3/2014HouseSession Sine Die 35 ILCS 200/18-18535 ILCS 200/18-195 Amends the Property Tax Extension Limitation Law in the Property Tax Code. Requires the corporate authorities of a taxing district that is subject to the Law to adopt a limiting rate by ordinance or resolution if the percentage change in the equalized assessed value of all property within the taxing district during the 12-month calendar year preceding the levy year is less than the percentage change in the Consumer Price Index during that same period of time. Provides that the limiting rate may not exceed the maximum rate permitted under the Property Tax Extension Limitation Law. Contains provisions concerning notice. Provides that the rate extended for the sum of all of the funds included in the taxing district's aggregate extension may not exceed the limiting rate adopted by the taxing district. Effective immediately. 2/26/2013HouseFiled with the Clerk by Rep. Michael W. Tryon 2/26/2013HouseFirst Reading 2/26/2013HouseReferred to Rules Committee 3/11/2013HouseAssigned to Revenue & Finance Committee 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 2/27/2014HouseAssigned to Revenue & Finance Committee 2/27/2014HouseTo Property Tax Subcommittee 3/28/2014HouseRule 19(a) / Re-referred to Rules Committee 5/8/2014HouseAdded Chief Co-Sponsor Rep. Jeanne M Ives 12/3/2014HouseSession Sine Die