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91_HB1362ham001
LRB9103226MWgcam01
1 AMENDMENT TO HOUSE BILL 1362
2 AMENDMENT NO. . Amend House Bill 1362 on page 2, by
3 replacing lines 26 through 34 with the following:
4 "(e) On and after the effective date of this amendatory
5 Act of the 91st General Assembly, when territory is
6 disconnected from a fire protection district under this
7 Section, the annexing municipality shall pay, on or before
8 December 31 of each year for a period of 5 years after the
9 effective date of the disconnection, to the fire protection
10 district from which the territory was disconnected, an amount
11 as follows:
12 (1) In the first year after the disconnection, an
13 amount equal to the real estate tax collected on the
14 property in the disconnected territory by the fire
15 protection district in the tax year immediately preceding
16 the year in which the disconnection took effect.
17 (2) In the second year after the disconnection, an
18 amount equal to 80% of the real estate tax collected on
19 the property in the disconnected territory by the fire
20 protection district in the tax year immediately preceding
21 the year in which the disconnection took effect.
22 (3) In the third year after the disconnection, an
23 amount equal to 60% of the real estate tax collected on
24 the property in the disconnected territory by the fire
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1 protection district in the tax year immediately preceding
2 the year in which the disconnection took effect.
3 (4) In the fourth year after the disconnection, an
4 amount equal to 40% of the real estate tax collected on
5 the property in the disconnected territory by the fire
6 protection district in the tax year immediately preceding
7 the year in which the disconnection took effect.
8 (5) In the fifth year after the disconnection, an
9 amount equal to 20% of the real estate tax collected on
10 the property in the disconnected territory by the fire
11 protection district in the tax year immediately preceding
12 the year in which the disconnection took effect."; and
13 on page 3, by deleting line 1.