PTELL-RESERVES House SponsorsRep. Fred Crespo 1/13/2021HouseSession Sine Die 35 ILCS 200/18-18535 ILCS 200/18-20535 ILCS 200/18-242 new30 ILCS 805/8.43 new Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if, at the end of any levy year, a taxing district has reserves of 50% or more of its operating budget for that levy year, then, for the next levy year, "extension limitation" means 0% or the rate of increase approved by the voters. Preempts the power of home rule units to tax. Effective immediately. 2/15/2019HouseFiled with the Clerk by Rep. Fred Crespo 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 3/5/2019HouseAssigned to Revenue & Finance Committee 3/14/2019HouseTo Property Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 2/4/2020HouseAssigned to Revenue & Finance Committee 2/20/2020HouseTo Property Tax Subcommittee 6/23/2020HouseRule 19(b) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die