Friday, State Rep. Jack Franks didn’t use one of his 48 shell bills to tack on the following legislation.
He used one of House Speaker Mike Madigan’s. Here’s how it ended up:
Provides that, beginning with the 2015 levy year, the Property Tax Extension Limitation Law [Tax Cap] applies to all taxing districts, including home rule units.
Provides that, beginning with the 2015 levy year, the extension limitation under the Property Tax Extension Limitation Law is 0% or the rate of increase approved by the voters.
Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Here’s the 37-23-38 roll call on House Bill 695:
Home Rule units (mainly cities over 25,000) are not subject to the Real Estate Tax Cap now.
Locally, voting in favor was Franks.
“Excused,” whatever that means were David McSweeney and Mike Tryon.
Voting “Present” were Steve Andersson and Barb Wheeler.
One wag has suggested this Bible verse applies:
Matthew 5:37 (New International Version (NIV))
All you need to say is simply ‘Yes’ or ‘No’; anything beyond this comes from the evil one.
Franks has until May 22nd to pass the bill in the House.
Here is the operative language:
“Extension limitation”, beginning in levy year 2015, means 0% or the rate of increase approved by the voters under Section 18-205.
Beginning with the 2015 levy year, “taxing district” has the same meaning provided in Section 1-150 and includes home rule units.
This part of the current statute would be repealed:
for the 1994 levy year, or for those taxing districts subject to this Law in accordance with Section 18-213, except for those subject to paragraph (2) of subsection (e) of Section 18-213, for the levy year in which the referendum making this Law applicable to the taxing district is held, or for those taxing districts subject to this Law in accordance with paragraph (2) of subsection (e) of Section 18-213 for the 1996 levy year,
Governor Bruce Rauner proposed a property tax freeze during his campaign.