Senate Sponsors: O'MALLEY. House Sponsors: KENNER-TURNER,ART-BIGGINS-CROTTY-DAVIS,MONIQUE Short description: COOK CO TRUTH IN TAXATION ACT Synopsis of Bill as introduced: Amends the Property Tax Code concerning hearings of the Property Tax Appeal Board. Makes a technical change. SENATE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/16-70 Adds reference to: 35 ILCS 200/18-55 35 ILCS 200/Art. 18, Div. 2.1 heading new 35 ILCS 200/18-101.1 new 35 ILCS 200/18-101.5 new 35 ILCS 200/18-101.10 new 35 ILCS 200/18-101.15 new 35 ILCS 200/18-101.20 new 35 ILCS 200/18-101.25 new 35 ILCS 200/18-101.30 new 35 ILCS 200/18-101.35 new 35 ILCS 200/18-101.40 new 35 ILCS 200/18-101.45 new 35 ILCS 200/18-101.50 new 35 ILCS 200/18-101.55 new 35 ILCS 200/18-101.60 new 35 ILCS 200/18-101.65 new 30 ILCS 805/8.23 new Deletes everything. Creates the Cook County Truth in Taxation Act within the Property Tax Code to require taxing districts, includ- ing home rule units, with territory in Cook County to disclose publi- cation and to hold a public hearing on their intention to adopt an aggregate levy. Sets uniform dates for the public hearings of taxing districts. Sunsets the Act on January 1, 2003. Amends the Truth in Taxation Law in the Property Tax Code to except Cook County from the Law's provisions through December 31, 2002. Amends the State Mandates Act to require implementation without reimbursement. Effective January 1, 2000. SENATE AMENDMENT NO. 2. Provides that the failure of a taxing district to hold a scheduled public hearing due to good cause unrelated to inadvertence, including, but not limited to, natural disasters, does not violate the hearing requirement. HOUSE AMENDMENT NO. 1. Provides that for the purpose of permitting the issuance of warrants or notes in anticipation of the taxes to be levied, a taxing district may hold a hearing before the scheduled hearing in the first week of December on the intent to adopt an aggregate levy. Provides that the hearing notice shall comply with the Law's requirements and that this earlier hearing is not in lieu of the scheduled hearing. Last action on Bill: PUBLIC ACT.............................. 91-0523 Last action date: 99-08-13 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status