PTELL-SCHOOL FUNDING House SponsorsRep. Jack D. Franks 1/10/2017HouseSession Sine Die 35 ILCS 200/18-18535 ILCS 200/18-20535 ILCS 200/18-21335 ILCS 200/18-21435 ILCS 200/18-242 new105 ILCS 5/18-21 new30 ILCS 805/8.39 new Amends the Property Tax Code. Provides that, for the 2016 and 2017 levy years, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units and school districts. Provides that, for the 2016 and 2017 levy years, the extension limitation under the Property Tax Extension Limitation Law is 0% or the rate of increase approved by the voters. Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Amends the School Code. Creates a General State Aid Committee to propose a revised school funding formula for Illinois schools. Effective immediately. 7/29/2015HouseFiled with the Clerk by Rep. Jack D. Franks 8/5/2015HouseFirst Reading 8/5/2015HouseReferred to Rules Committee 2/4/2016HouseAssigned to Revenue & Finance Committee 2/24/2016HouseTo Property Tax Subcommittee 4/8/2016HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die