PROP TX-FALLING EAV House SponsorsRep. Jack D. Franks-Sam Yingling-Deb Conroy-Martin J. Moylan, Fred Crespo, Michelle Mussman, Jerry Costello, II, Katherine Cloonen and Camille Y. Lilly 1/10/2017HouseSession Sine Die 35 ILCS 200/18-18535 ILCS 200/18-205 Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of 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). Effective immediately. 2/25/2015HouseFiled with the Clerk by Rep. Jack D. Franks 2/25/2015HouseAdded Co-Sponsor Rep. Fred Crespo 2/25/2015HouseFirst Reading 2/25/2015HouseReferred to Rules Committee 3/5/2015HouseAdded Chief Co-Sponsor Rep. Sam Yingling 3/5/2015HouseAdded Chief Co-Sponsor Rep. Deb Conroy 3/9/2015HouseAdded Co-Sponsor Rep. Michelle Mussman 3/10/2015HouseAssigned to Revenue & Finance Committee 3/10/2015HouseAdded Chief Co-Sponsor Rep. Martin J. Moylan 3/10/2015HouseAdded Co-Sponsor Rep. Jerry Costello, II 3/11/2015HouseAdded Co-Sponsor Rep. Katherine Cloonen 3/13/2015HouseTo Property Tax Subcommittee 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 2/3/2016HouseAdded Co-Sponsor Rep. Camille Y. Lilly 2/4/2016HouseAssigned to Revenue & Finance Committee 2/4/2016HouseTo Property Tax Subcommittee 4/8/2016HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die