PROP TX-PTELL-RESTRICTION House SponsorsRep. Michael W. Tryon 1/8/2013HouseSession Sine Die 35 ILCS 200/18-187 new Amends the Property Tax Extension Limitation Law of the Property Tax Code. Provides that if, in any levy year, after application of the allowable extension limitations, the aggregate extension for a taxing district increases less than 1.0%, or the aggregate extension for a taxing district decreases, the implementation of the Law shall be suspended for that levy year only. Provides that, upon suspension of the Law, the tax rate shall be calculated as if the taxing district were located in a county to which the Law does not apply. Provides that the Law shall go back into effect in the following levy year unless the 1.0% threshold is once again not met. Effective immediately. 2/23/2011HouseFiled with the Clerk by Rep. Michael W. Tryon 2/23/2011HouseFirst Reading 2/23/2011HouseReferred to Rules Committee 2/28/2011HouseAssigned to Revenue & Finance Committee 3/9/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael W. Tryon 3/9/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/9/2011HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 3/17/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die