95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB5762


 
Introduced , by Rep. Jack D. Franks
 
SYNOPSIS AS INTRODUCED:
 		








  



35 ILCS 200/18-80









    Amends the Truth in Taxation Law in the Property Tax Code. Requires that the cost of legal services to be incurred with respect to conducting referenda and to issuing bonded debt must be disclosed in notices and at hearings. Deletes a provision that any notice that includes any nonspecified information is invalid. 
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB5762

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    AN ACT concerning revenue.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 18-80 as follows:
 



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    (35 ILCS 200/18-80)



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    Sec. 18-80. Time and form of notice. The notice shall 
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appear not more than
14 days nor less than 7 days prior to the 
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date of the public hearing.  The
notice shall be no less than 
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1/8 page in size, and the smallest type used shall
be 12 point 
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and shall be enclosed in a black border no less than 1/4 inch 
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wide.
The notice shall not be placed in that portion of the 
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newspaper where legal
notices and classified advertisements 
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appear. The notice shall be published in
substantially the 
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following form:

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    Notice of Proposed Property Tax Increase for ... (commonly 
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known name of
taxing district).

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    I. A public hearing to approve a proposed property tax levy 
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increase for
... (legal name of the taxing district)... for ... 
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(year) ... will be held
on ... (date) ... at ... (time) ... at 
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... (location).

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    Any person desiring to appear at the public hearing and 
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present testimony
to the taxing district may contact ... (name, 
 


 






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title, address and telephone
number of an appropriate 
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official).

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    II. The corporate and special purpose property taxes 
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extended or abated
for ... (preceding year) ... were ... 
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(dollar amount of the final aggregate
levy as extended, plus 
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the amount abated by the taxing district prior to
extension).

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    The proposed corporate and special purpose property taxes 
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to be levied
for ... (current year) ... are ... (dollar amount 
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of the proposed aggregate
levy).   This represents a ... 
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(percentage) ... increase over the previous
year.

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    III. The property taxes extended for debt service and 
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public building
commission leases for ... (preceding year) ... 
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were ... (dollar amount).

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    The estimated property taxes to be levied for debt service 
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and public
building commission leases for ... (current year) 
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... are ... (dollar
amount).  This represents a ... (percentage 
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increase or decrease) ... over
the previous year.
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    The estimated cost of attorneys' services in connection 
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with issuing bonded debt to be repaid with property tax revenue 
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is $...(if applicable). The estimated costs of attorneys' 
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services in connection with the debt service (repayment of 
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bonds with property tax revenue) is approximately $... . 

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    IV. The total property taxes extended or abated for ... 
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(preceding year)
... were ... (dollar amount).

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    The estimated total property taxes to be levied for ... 
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(current year)
... are ... (dollar amount).  This represents a 
 


 






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... (percentage increase or
decrease) ... over the previous 
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year.

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    Each Any notice must include at least the which includes 
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any information not specified and required by this
Article 
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shall be an invalid notice.

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    All hearings shall be open to the public.  The corporate 
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authority of the
taxing district shall explain:
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        (1) the reasons for the proposed increase;
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        (2) all costs expected to be incurred by the taxing 
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    district in connection with procuring legal services for 
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    conducting any referenda seeking authorization for an 
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    increase in any tax; and

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        (3) all costs to be incurred by the taxing district in 
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    connection with any legal services associated with the 
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    issuance of bonded debt. 
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The corporate authority of the taxing district shall permit 
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persons desiring to be heard an opportunity to present 
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testimony
within reasonable time limits as it determines.

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(Source: P.A. 92-382, eff. 8-16-01.)