97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2517
 
Introduced 10/27/2011, by Sen. Martin A. Sandoval
 
SYNOPSIS AS INTRODUCED:
 

 
New Act
35 ILCS 200/18-199 new

     Creates the Summit Public Library District Tax Levy Validation (2011) Act.  Validates levy ordinances and tax extensions to the extent they do not exceed the maximum amount authorized under the Property Tax Extension Limitation Law if the District had taken into account the tax increment value from the expiration of the West Summit TIF.  Amends the Property Tax Code to make the Property Tax Extension Limitation Law subject to the Summit Public Library District Tax Levy Validation (2011) Act.  Effective immediately.
  


LRB097 14361 HLH 59197 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB2517LRB097 14361 HLH 59197 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 1. Short title. This Act may be cited as the Summit 
5Public Library District Tax Levy Validation (2011) Act.
 
6    Section 5. Tax levy ordinances of the Summit Public Library 
7District.  If the Summit Public Library  District has, during the 
8fiscal year 2011-2012, within the time required by law adopted 
9an annual appropriation ordinance for that year and adopted its 
10annual tax levy ordinance for the tax year 2011 and duly files 
11the same with the county clerk of the county in which the 
12district is located, then any such tax levy ordinance and the 
13taxes levied and extended pursuant thereto are hereby 
14validated; however, those taxes are validated only to the 
15extent they do not exceed the maximum amount the district could 
16have levied and the county clerk could have extended under the 
17Property Tax Extension Limitation Law if the Library District 
18had taken into account the recovered tax increment value from 
19the expiration of the West Summit TIF in its 2007 tax year levy 
20and subsequent tax year levies as was permitted by law.
 
21    Section 15. The Property Tax Code is amended  by adding 
22Section 18-199 as follows:
 
 
 
SB2517- 2 -LRB097 14361 HLH 59197 b

1    (35 ILCS 200/18-199 new)
2    Sec. 18-199. Summit Public Library District Tax Levy 
3Validation (2011) Act.  The provisions of the Property Tax 
4Extension Limitation Law are subject to the Summit Public 
5Library District Tax Levy Validation (2011) Act.
 
 
6    Section 99. Effective date. This Act takes effect upon 
7becoming law.