PROP TX-PTELL RATES Senate SponsorsSen. Don Harmon 1/9/2007SenateSession Sine Die 35 ILCS 200/18-12535 ILCS 200/18-18535 ILCS 200/18-19035 ILCS 200/18-20535 ILCS 200/18-230 rep.Amends the Property Tax Extension Limitation Law of the Property Tax Code. Sets forth procedures for calculating the limiting rate after a rate increase or decrease has been approved by referendum. Sets forth procedures that taxing districts must follow when seeking referendum approval after April 5, 2005 to increase (i) the maximum authorized tax rate for any fund for which the taxing district is authorized by statute to levy taxes and which rate is limited by prior referendum or statutory authorization and which rate is authorized by statute to be increased for a limited or unlimited number of years by direct (and not back door) referendum, except for increases that require an equal corresponding tax rate decrease for another fund or (ii) the maximum extended tax rate applicable only to the next taxes to be either levied or extended for any fund notwithstanding the limiting rate that would otherwise be applicable for such taxing district, which maximum extended tax rate applicable to the next taxes shall not exceed the maximum authorized tax rate for such fund. Sets forth requirements for form of ballot propositions and referendum notices. Makes changes concerning referenda to increase the extension limitation. Repeals a Section concerning rate increase or decrease factors. Effective immediately.Senate Committee Amendment No. 1 Deletes reference to:35 ILCS 200/18-12535 ILCS 200/18-18535 ILCS 200/18-19035 ILCS 200/18-20535 ILCS 200/18-230 rep.Adds reference to:35 ILCS 200/18-230Deletes everything after the enacting clause. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Makes a technical change in a Section concerning rate increase or decrease factors. 5/30/2005SenateFiled with Secretary by Sen. Don Harmon 5/30/2005SenateFirst Reading 5/30/2005SenateReferred to Rules 1/12/2006SenateAssigned to Revenue 2/1/2006SenatePostponed - Revenue 2/8/2006SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon 2/8/2006SenateSenate Committee Amendment No. 1 Referred to Rules 2/8/2006SenatePostponed - Revenue 2/14/2006SenateSenate Committee Amendment No. 1 Rules Refers to Revenue 2/15/2006SenateSenate Committee Amendment No. 1 Adopted 2/15/2006SenateDo Pass as Amended Revenue; 008-001-000 2/15/2006SenatePlaced on Calendar Order of 2nd Reading February 16, 2006 2/16/2006SenateSecond Reading 2/16/2006SenatePlaced on Calendar Order of 3rd Reading February 22, 2006 3/2/2006SenateRule 2-10 Third Reading Deadline Extended to January 9, 2007 4/6/2006SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Frank C. Watson 4/6/2006SenateSenate Floor Amendment No. 2 Referred to Rules 6/4/2006SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/9/2007SenateSession Sine Die