PROP TX-LIMITING RATE Senate SponsorsSen. Don Harmon-Pamela J. Althoff-Steven M. Landek House Sponsors(Rep. Jack D. Franks) 1/13/2015SenateSession Sine Die 35 ILCS 200/18-190Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that no referendum to increase a limiting rate may be submitted to the voters on or after January 1, 2014. Effective immediately.Senate Committee Amendment No. 1 Deletes reference to:35 ILCS 200/18-190Adds reference to:35 ILCS 200/18-185Replaces everything after the enacting clause. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2014 and later, the taxing district's aggregate extension base is the greater of (A) the taxing district's aggregate extension limit or (B) the taxing district's last preceding aggregate extension, subject to adjustments for taxing districts in 2 or more counties, merged or consolidated taxing districts, and adjustments by a rate increase or decrease factor. Provides that the term "aggregate extension limit" means the district's last preceding aggregate extension if the taxing district had utilized the maximum limiting rate permitted without referendum.Senate Floor Amendment No. 2 Replaces everything after the enacting clause. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the district's aggregate extension base shall be modified by certain recaptured amounts. 2/15/2013SenateFiled with Secretary by Sen. Don Harmon 2/15/2013SenateFirst Reading 2/15/2013SenateReferred to Assignments 3/5/2013SenateAssigned to Revenue 3/6/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon 3/6/2013SenateSenate Committee Amendment No. 1 Referred to Assignments 3/13/2013SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 3/13/2013SenatePostponed - Revenue 3/15/2013SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(c-1) - Referred to Revenue 3/20/2013SenateSenate Committee Amendment No. 1 Adopted 3/20/2013SenateDo Pass as Amended Revenue; 011-000-000 3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013 4/15/2013SenateAdded as Chief Co-Sponsor Sen. Steven M. Landek 4/15/2013SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon 4/15/2013SenateSenate Floor Amendment No. 2 Referred to Assignments 4/16/2013SenateSecond Reading 4/16/2013SenatePlaced on Calendar Order of 3rd Reading April 17, 2013 4/17/2013SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue 4/17/2013SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 012-000-000 4/18/2013SenateRecalled to Second Reading 4/18/2013SenateSenate Floor Amendment No. 2 Adopted; Harmon 4/18/2013SenatePlaced on Calendar Order of 3rd Reading April 23, 2013 4/23/2013SenateThird Reading - Passed; 051-000-000 4/24/2013HouseArrived in House 4/24/2013HouseChief House Sponsor Rep. Jack D. Franks 4/29/2013HouseFirst Reading 4/29/2013HouseReferred to Rules Committee 4/29/2013HouseAssigned to Revenue & Finance Committee 5/2/2013HouseTo Property Tax Subcommittee 5/10/2013HouseRule 19(a) / Re-referred to Rules Committee 1/13/2015SenateSession Sine Die