LINDNER. 105 ILCS 5/18-8 from Ch. 122, par. 18-8 Amends the School Code. Adjusts the equalized assessed value used to compute general State aid for school districts subject to the Property Tax Extension Limitation Act. Provides that the district's EAV for State aid purposes shall be its EAV for the year prior to the first year in which the Property Tax Limitation Law is implemented in the district, increased for each year thereafter by the lesser of 5% or the percentage increase in the Consumer Price Index, plus the assessed value attributable to the district's new property, plus the equalized assessed value of property annexed to the district, minus the result obtained by dividing the aggregate amount of the abatements in district taxes made under specified Sections of the Property Tax Code by the district's maximum operating tax rate. Effective immediately. 97-10-02 H FILED WITH CLERK 97-10-16 H FIRST READING 97-10-16 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-10-17 H ASSIGNED TO COMMITTEE REVENUE 98-01-02 H RE-REFERRED TO RULES COMM/RULE 19(B) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary