REVENUE-VARIOUS Senate SponsorsSen. Dan McConchie-Jil Tracy, Terri Bryant, Craig Wilcox, Darren Bailey-Brian W. Stewart, Sally J. Turner, Sue Rezin, Donald P. DeWitte, Jason A. Barickman, Win Stoller, Steve McClure, Dave Syverson, Jason Plummer and Dale Fowler 1/10/2023SenateSession Sine Die 35 ILCS 200/18-18535 ILCS 200/18-20535 ILCS 200/18-207 new35 ILCS 200/18-212Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately. 2/9/2022SenateFiled with Secretary by Sen. Dan McConchie 2/9/2022SenateFirst Reading 2/9/2022SenateReferred to Assignments 2/9/2022SenateChief Sponsor Changed to Sen. Dan McConchie 2/10/2022SenateAdded as Chief Co-Sponsor Sen. Jil Tracy 2/10/2022SenateAdded as Co-Sponsor Sen. Terri Bryant 2/10/2022SenateAdded as Co-Sponsor Sen. Craig Wilcox 2/10/2022SenateAdded as Co-Sponsor Sen. Darren Bailey 2/10/2022SenateAdded as Chief Co-Sponsor Sen. Brian W. Stewart 2/10/2022SenateAdded as Co-Sponsor Sen. Sally J. Turner 2/15/2022SenateAdded as Co-Sponsor Sen. Sue Rezin 2/28/2022SenateAdded as Co-Sponsor Sen. Donald P. DeWitte 3/1/2022SenateAdded as Co-Sponsor Sen. Jason A. Barickman 3/1/2022SenateAdded as Co-Sponsor Sen. Win Stoller 3/1/2022SenateAdded as Co-Sponsor Sen. Steve McClure 3/1/2022SenateAdded as Co-Sponsor Sen. Dave Syverson 3/8/2022SenateAdded as Co-Sponsor Sen. Jason Plummer 3/9/2022SenateAdded as Co-Sponsor Sen. Dale Fowler 1/10/2023SenateSession Sine Die