SB2898 - 104th General Assembly (2025-2026)

PTELL-ABATE-NUCLEAR FACILITY
Last Action

2/03/2026 - Senate: Assigned to Revenue
Senate Sponsors

Sen. Mary Edly-Allen
Statutes Amended In Order of Appearance

Synopsis As Introduced

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in levy year 2026, if a specified taxing district provided a property tax abatement under a specified provision of the Energy Community Reinvestment Act in any levy year occurring before the current levy year and if the taxing district was subject to the Property Tax Extension Limitation Law in the levy year of the abatement, then the district's aggregate extension base for each subsequent levy year after the levy year of the abatement but not earlier than levy year 2026 shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement. Effective immediately.
Actions

DateChamberAction
1/27/2026SenateFiled with Secretary by Sen. Mary Edly-Allen
1/27/2026SenateFirst Reading
1/27/2026SenateReferred to Assignments
2/03/2026SenateAssigned to Revenue