PROP TX-FALLING EAV House SponsorsRep. Allen Skillicorn 1/13/2021HouseSession Sine Die 35 ILCS 200/18-185 Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that if (i) the total equalized assessed value of all taxable property in the taxing district for the current levy year is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, or (ii) the median equalized assessed value of all taxable property in the taxing district for the current levy year and the 2 levy years immediately preceding the current levy year is less than the median equalized assessed value of all taxable property in the taxing district for the 3 levy years immediately preceding that 3-year period, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or the rate of increase approved by the voters). Effective immediately. 2/13/2019HouseFiled with the Clerk by Rep. Allen Skillicorn 2/13/2019HouseFirst Reading 2/13/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Revenue & Finance Committee 3/6/2019HouseTo Property Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die