PROP TX-STATEWIDE TAX CAP House SponsorsRep. Jack D. Franks, Jerry Costello, II, Carol Sente, Daniel V. Beiser, Arthur Turner, Anthony DeLuca, Jehan Gordon-Booth, Mike Smiddy, Elgie R. Sims, Jr., Michael J. Zalewski, Thaddeus Jones, John C. D'Amico, Martin J. Moylan, Michelle Mussman, Litesa E. Wallace and Silvana Tabares 1/10/2017HouseSession Sine Die 35 ILCS 200/18-4035 ILCS 200/18-18535 ILCS 200/18-20535 ILCS 200/18-21235 ILCS 200/18-21430 ILCS 805/8.39 new Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, beginning with the 2020 levy year, the Law applies to all taxing districts in the State (currently, the Law applies to non-home rule taxing districts in Cook County, non-home rule taxing districts in counties that are contiguous to Cook, and other taxing districts by referendum). Provides that, beginning in levy year 2020, the extension limitation shall be 1.75% or the rate of increase approved by voters (currently, (A) the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (B) the rate of increase approved by voters). Preempts home rule powers. Provides that, beginning in levy year 2016, when calculating the equalized assessed value of property, the multiplier shall be applied to the mean value of the previous 3 general assessments. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/25/2015HouseFiled with the Clerk by Rep. Jack D. Franks 2/25/2015HouseFirst Reading 2/25/2015HouseReferred to Rules Committee 3/4/2015HouseAdded Co-Sponsor Rep. Jerry Costello, II 3/10/2015HouseAssigned to Revenue & Finance Committee 3/12/2015HouseAdded Co-Sponsor Rep. Carol Sente 3/12/2015HouseAdded Co-Sponsor Rep. Daniel V. Beiser 3/12/2015HouseAdded Co-Sponsor Rep. Arthur Turner 3/12/2015HouseAdded Co-Sponsor Rep. Anthony DeLuca 3/12/2015HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth 3/13/2015HouseTo Property Tax Subcommittee 3/18/2015HouseAdded Co-Sponsor Rep. Mike Smiddy 3/18/2015HouseAdded Co-Sponsor Rep. Elgie R. Sims, Jr. 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 4/2/2015HouseAdded Co-Sponsor Rep. Michael J. Zalewski 4/2/2015HouseAdded Co-Sponsor Rep. Thaddeus Jones 4/2/2015HouseAdded Co-Sponsor Rep. John C. D'Amico 4/16/2015HouseAdded Co-Sponsor Rep. Martin J. Moylan 4/16/2015HouseAdded Co-Sponsor Rep. Michelle Mussman 4/16/2015HouseAdded Co-Sponsor Rep. Litesa E. Wallace 4/20/2015HouseAdded Co-Sponsor Rep. Silvana Tabares 1/10/2017HouseSession Sine Die