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1		AN ACT concerning revenue.
2		Be it enacted by the People of the State of Illinois,
3		represented in the General Assembly:
4		Section 5. The Property Tax Code is amended by changing
5		Sections 18-185, 18-205, and 18-214 as follows:
6		(35 ILCS 200/18-185)
7		Sec. 18-185. Short title; definitions. This Division 5 may
8		be cited as the Property Tax Extension Limitation Law. As used
9		in this Division 5:
10		"Consumer Price Index" means the Consumer Price Index for
11		All Urban Consumers for all items published by the United
12		States Department of Labor.
13		"Extension limitation", except as otherwise provided in
14		this paragraph, means (a) the lesser of 5% or the percentage
15		increase in the Consumer Price Index during the 12-month
16		calendar year preceding the levy year or (b) the rate of
17		increase approved by voters under Section 18-205. Beginning in
18		levy year 2022, for taxing districts that are school districts
19		other than qualified school districts, "extension limitation"
20		means 0% or the rate of increase approved by the voters under
21		Section 18-205, except that, if a special purpose extension (i)
22		made for the payment of principal and interest on bonds or
23		other evidences of indebtedness issued by the taxing district

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1		or (ii) made for contributions to a pension fund created under
2		the Illinois Pension Code was required to be included in a
3		school district's aggregate extension for the 2021 levy year,
4		then the extension limitation for that extension shall be (a)
5		the lesser of 5% or the percentage increase in the Consumer
6		Price Index during the 12-month calendar year preceding the
7		levy year or (b) the rate of increase approved by voters under
8		Section 18-205.
9		"Affected county" means a county of 3,000,000 or more
10		inhabitants or a county contiguous to a county of 3,000,000 or
11		more inhabitants.
12		"Taxing district" has the same meaning provided in Section
13		1-150, except as otherwise provided in this Section. For the
14		1991 through 1994 levy years only, "taxing district" includes
15		only each non-home rule taxing district having the majority of
16		its 1990 equalized assessed value within any county or counties
17		contiguous to a county with 3,000,000 or more inhabitants.
18		Beginning with the 1995 levy year, "taxing district" includes
19		only each non-home rule taxing district subject to this Law
20		before the 1995 levy year and each non-home rule taxing
21		district not subject to this Law before the 1995 levy year
22		having the majority of its 1994 equalized assessed value in an
23		affected county or counties. Beginning with the levy year in
24		which this Law becomes applicable to a taxing district as
25		provided in Section 18-213, "taxing district" also includes
26		those taxing districts made subject to this Law as provided in

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1		Section 18-213. Beginning in levy year 2022, "taxing district"
2		also includes each school district in the State, but does not
3		include a qualified school district that was not subject to
4		this Law in the 2021 levy year.
5		"Aggregate extension" for taxing districts to which this
6		Law applied before the 1995 levy year means the annual
7		corporate extension for the taxing district and those special
8		purpose extensions that are made annually for the taxing
9		district, excluding special purpose extensions: (a) made for
10		the taxing district to pay interest or principal on general
11		obligation bonds that were approved by referendum; (b) made for
12		any taxing district to pay interest or principal on general
13		obligation bonds issued before October 1, 1991; (c) made for
14		any taxing district to pay interest or principal on bonds
15		issued to refund or continue to refund those bonds issued
16		before October 1, 1991; (d) made for any taxing district to pay
17		interest or principal on bonds issued to refund or continue to
18		refund bonds issued after October 1, 1991 that were approved by
19		referendum; (e) made for any taxing district to pay interest or
20		principal on revenue bonds issued before October 1, 1991 for
21		payment of which a property tax levy or the full faith and
22		credit of the unit of local government is pledged; however, a
23		tax for the payment of interest or principal on those bonds
24		shall be made only after the governing body of the unit of
25		local government finds that all other sources for payment are
26		insufficient to make those payments; (f) made for payments

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1		under a building commission lease when the lease payments are
2		for the retirement of bonds issued by the commission before
3		October 1, 1991, to pay for the building project; (g) made for
4		payments due under installment contracts entered into before
5		October 1, 1991; (h) made for payments of principal and
6		interest on bonds issued under the Metropolitan Water
7		Reclamation District Act to finance construction projects
8		initiated before October 1, 1991; (i) made for payments of
9		principal and interest on limited bonds, as defined in Section
10		3 of the Local Government Debt Reform Act, in an amount not to
11		exceed the debt service extension base less the amount in items
12		(b), (c), (e), and (h) of this definition for non-referendum
13		obligations, except obligations initially issued pursuant to
14		referendum; (j) made for payments of principal and interest on
15		bonds issued under Section 15 of the Local Government Debt
16		Reform Act; (k) made by a school district that participates in
17		the Special Education District of Lake County, created by
18		special education joint agreement under Section 10-22.31 of the
19		School Code, for payment of the school district's share of the
20		amounts required to be contributed by the Special Education
21		District of Lake County to the Illinois Municipal Retirement
22		Fund under Article 7 of the Illinois Pension Code; the amount
23		of any extension under this item (k) shall be certified by the
24		school district to the county clerk; (l) made to fund expenses
25		of providing joint recreational programs for persons with
26		disabilities under Section 5-8 of the Park District Code or

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1		Section 11-95-14 of the Illinois Municipal Code; (m) made for
2		temporary relocation loan repayment purposes pursuant to
3		Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
4		payment of principal and interest on any bonds issued under the
5		authority of Section 17-2.2d of the School Code; (o) made for
6		contributions to a firefighter's pension fund created under
7		Article 4 of the Illinois Pension Code, to the extent of the
8		amount certified under item (5) of Section 4-134 of the
9		Illinois Pension Code; and (p) made for road purposes in the
10		first year after a township assumes the rights, powers, duties,
11		assets, property, liabilities, obligations, and
12		responsibilities of a road district abolished under the
13		provisions of Section 6-133 of the Illinois Highway Code.
14		Beginning in levy year 2022, this definition of "aggregate
15		extension" applies to each school district that was subject to
16		this definition of "aggregate extension" for the 2021 levy
17		year.
18		"Aggregate extension" for the taxing districts to which
19		this Law did not apply before the 1995 levy year (except taxing
20		districts subject to this Law in accordance with Section
21		18-213) means the annual corporate extension for the taxing
22		district and those special purpose extensions that are made
23		annually for the taxing district, excluding special purpose
24		extensions: (a) made for the taxing district to pay interest or
25		principal on general obligation bonds that were approved by
26		referendum; (b) made for any taxing district to pay interest or

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1		principal on general obligation bonds issued before March 1,
2		1995; (c) made for any taxing district to pay interest or
3		principal on bonds issued to refund or continue to refund those
4		bonds issued before March 1, 1995; (d) made for any taxing
5		district to pay interest or principal on bonds issued to refund
6		or continue to refund bonds issued after March 1, 1995 that
7		were approved by referendum; (e) made for any taxing district
8		to pay interest or principal on revenue bonds issued before
9		March 1, 1995 for payment of which a property tax levy or the
10		full faith and credit of the unit of local government is
11		pledged; however, a tax for the payment of interest or
12		principal on those bonds shall be made only after the governing
13		body of the unit of local government finds that all other
14		sources for payment are insufficient to make those payments;
15		(f) made for payments under a building commission lease when
16		the lease payments are for the retirement of bonds issued by
17		the commission before March 1, 1995 to pay for the building
18		project; (g) made for payments due under installment contracts
19		entered into before March 1, 1995; (h) made for payments of
20		principal and interest on bonds issued under the Metropolitan
21		Water Reclamation District Act to finance construction
22		projects initiated before October 1, 1991; (h-4) made for
23		stormwater management purposes by the Metropolitan Water
24		Reclamation District of Greater Chicago under Section 12 of the
25		Metropolitan Water Reclamation District Act; (i) made for
26		payments of principal and interest on limited bonds, as defined

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1		in Section 3 of the Local Government Debt Reform Act, in an
2		amount not to exceed the debt service extension base less the
3		amount in items (b), (c), and (e) of this definition for
4		non-referendum obligations, except obligations initially
5		issued pursuant to referendum and bonds described in subsection
6		(h) of this definition; (j) made for payments of principal and
7		interest on bonds issued under Section 15 of the Local
8		Government Debt Reform Act; (k) made for payments of principal
9		and interest on bonds authorized by Public Act 88-503 and
10		issued under Section 20a of the Chicago Park District Act for
11		aquarium or museum projects; (l) made for payments of principal
12		and interest on bonds authorized by Public Act 87-1191 or
13		93-601 and (i) issued pursuant to Section 21.2 of the Cook
14		County Forest Preserve District Act, (ii) issued under Section
15		42 of the Cook County Forest Preserve District Act for
16		zoological park projects, or (iii) issued under Section 44.1 of
17		the Cook County Forest Preserve District Act for botanical
18		gardens projects; (m) made pursuant to Section 34-53.5 of the
19		School Code, whether levied annually or not; (n) made to fund
20		expenses of providing joint recreational programs for persons
21		with disabilities under Section 5-8 of the Park District Code
22		or Section 11-95-14 of the Illinois Municipal Code; (o) made by
23		the Chicago Park District for recreational programs for persons
24		with disabilities under subsection (c) of Section 7.06 of the
25		Chicago Park District Act; (p) made for contributions to a
26		firefighter's pension fund created under Article 4 of the

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1		Illinois Pension Code, to the extent of the amount certified
2		under item (5) of Section 4-134 of the Illinois Pension Code;
3		(q) made by Ford Heights School District 169 under Section
4		17-9.02 of the School Code; and (r) made for the purpose of
5		making employer contributions to the Public School Teachers'
6		Pension and Retirement Fund of Chicago under Section 34-53 of
7		the School Code. Beginning in levy year 2022, this definition
8		of "aggregate extension" applies to each school district that
9		was subject to this definition of "aggregate extension" for the
10		2021 levy year.
11		"Aggregate extension" for all taxing districts to which
12		this Law applies in accordance with Section 18-213, except for
13		those taxing districts subject to paragraph (2) of subsection
14		(e) of Section 18-213, means the annual corporate extension for
15		the taxing district and those special purpose extensions that
16		are made annually for the taxing district, excluding special
17		purpose extensions: (a) made for the taxing district to pay
18		interest or principal on general obligation bonds that were
19		approved by referendum; (b) made for any taxing district to pay
20		interest or principal on general obligation bonds issued before
21		the date on which the referendum making this Law applicable to
22		the taxing district is held; (c) made for any taxing district
23		to pay interest or principal on bonds issued to refund or
24		continue to refund those bonds issued before the date on which
25		the referendum making this Law applicable to the taxing
26		district is held; (d) made for any taxing district to pay

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1		interest or principal on bonds issued to refund or continue to
2		refund bonds issued after the date on which the referendum
3		making this Law applicable to the taxing district is held if
4		the bonds were approved by referendum after the date on which
5		the referendum making this Law applicable to the taxing
6		district is held; (e) made for any taxing district to pay
7		interest or principal on revenue bonds issued before the date
8		on which the referendum making this Law applicable to the
9		taxing district is held for payment of which a property tax
10		levy or the full faith and credit of the unit of local
11		government is pledged; however, a tax for the payment of
12		interest or principal on those bonds shall be made only after
13		the governing body of the unit of local government finds that
14		all other sources for payment are insufficient to make those
15		payments; (f) made for payments under a building commission
16		lease when the lease payments are for the retirement of bonds
17		issued by the commission before the date on which the
18		referendum making this Law applicable to the taxing district is
19		held to pay for the building project; (g) made for payments due
20		under installment contracts entered into before the date on
21		which the referendum making this Law applicable to the taxing
22		district is held; (h) made for payments of principal and
23		interest on limited bonds, as defined in Section 3 of the Local
24		Government Debt Reform Act, in an amount not to exceed the debt
25		service extension base less the amount in items (b), (c), and
26		(e) of this definition for non-referendum obligations, except

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1		obligations initially issued pursuant to referendum; (i) made
2		for payments of principal and interest on bonds issued under
3		Section 15 of the Local Government Debt Reform Act; (j) made
4		for a qualified airport authority to pay interest or principal
5		on general obligation bonds issued for the purpose of paying
6		obligations due under, or financing airport facilities
7		required to be acquired, constructed, installed or equipped
8		pursuant to, contracts entered into before March 1, 1996 (but
9		not including any amendments to such a contract taking effect
10		on or after that date); (k) made to fund expenses of providing
11		joint recreational programs for persons with disabilities
12		under Section 5-8 of the Park District Code or Section 11-95-14
13		of the Illinois Municipal Code; (l) made for contributions to a
14		firefighter's pension fund created under Article 4 of the
15		Illinois Pension Code, to the extent of the amount certified
16		under item (5) of Section 4-134 of the Illinois Pension Code;
17		and (m) made for the taxing district to pay interest or
18		principal on general obligation bonds issued pursuant to
19		Section 19-3.10 of the School Code. Beginning in levy year
20		2022, this definition of "aggregate extension" applies to each
21		school district that was subject to this definition of
22		"aggregate extension" for the 2021 levy year.
23		"Aggregate extension" for all taxing districts to which
24		this Law applies in accordance with paragraph (2) of subsection
25		(e) of Section 18-213 means the annual corporate extension for
26		the taxing district and those special purpose extensions that

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1		are made annually for the taxing district, excluding special
2		purpose extensions: (a) made for the taxing district to pay
3		interest or principal on general obligation bonds that were
4		approved by referendum; (b) made for any taxing district to pay
5		interest or principal on general obligation bonds issued before
6		the effective date of this amendatory Act of 1997; (c) made for
7		any taxing district to pay interest or principal on bonds
8		issued to refund or continue to refund those bonds issued
9		before the effective date of this amendatory Act of 1997; (d)
10		made for any taxing district to pay interest or principal on
11		bonds issued to refund or continue to refund bonds issued after
12		the effective date of this amendatory Act of 1997 if the bonds
13		were approved by referendum after the effective date of this
14		amendatory Act of 1997; (e) made for any taxing district to pay
15		interest or principal on revenue bonds issued before the
16		effective date of this amendatory Act of 1997 for payment of
17		which a property tax levy or the full faith and credit of the
18		unit of local government is pledged; however, a tax for the
19		payment of interest or principal on those bonds shall be made
20		only after the governing body of the unit of local government
21		finds that all other sources for payment are insufficient to
22		make those payments; (f) made for payments under a building
23		commission lease when the lease payments are for the retirement
24		of bonds issued by the commission before the effective date of
25		this amendatory Act of 1997 to pay for the building project;
26		(g) made for payments due under installment contracts entered

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1		into before the effective date of this amendatory Act of 1997;
2		(h) made for payments of principal and interest on limited
3		bonds, as defined in Section 3 of the Local Government Debt
4		Reform Act, in an amount not to exceed the debt service
5		extension base less the amount in items (b), (c), and (e) of
6		this definition for non-referendum obligations, except
7		obligations initially issued pursuant to referendum; (i) made
8		for payments of principal and interest on bonds issued under
9		Section 15 of the Local Government Debt Reform Act; (j) made
10		for a qualified airport authority to pay interest or principal
11		on general obligation bonds issued for the purpose of paying
12		obligations due under, or financing airport facilities
13		required to be acquired, constructed, installed or equipped
14		pursuant to, contracts entered into before March 1, 1996 (but
15		not including any amendments to such a contract taking effect
16		on or after that date); (k) made to fund expenses of providing
17		joint recreational programs for persons with disabilities
18		under Section 5-8 of the Park District Code or Section 11-95-14
19		of the Illinois Municipal Code; and (l) made for contributions
20		to a firefighter's pension fund created under Article 4 of the
21		Illinois Pension Code, to the extent of the amount certified
22		under item (5) of Section 4-134 of the Illinois Pension Code.
23		Beginning in levy year 2022, this definition of "aggregate
24		extension" applies to each school district that was subject to
25		this definition of "aggregate extension" for the 2021 levy
26		year.

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1		"Aggregate extension", for school districts that were not
2		subject to this Law in the 2021 levy year, means the annual
3		corporate extension for the school district and those special
4		purpose extensions that are made annually for the taxing
5		district, excluding special purpose extensions: (a) made for
6		the payment of principal and interest on bonds or other
7		evidences of indebtedness issued by the school district; or (b)
8		made for contributions to a pension fund created under the
9		Illinois Pension Code.
10		"Debt service extension base" means an amount equal to that
11		portion of the extension for a taxing district for the 1994
12		levy year, or for those taxing districts subject to this Law in
13		accordance with Section 18-213, except for those subject to
14		paragraph (2) of subsection (e) of Section 18-213, for the levy
15		year in which the referendum making this Law applicable to the
16		taxing district is held, or for those taxing districts subject
17		to this Law in accordance with paragraph (2) of subsection (e)
18		of Section 18-213 for the 1996 levy year, or, for those school
19		districts that are subject to this Law as a result of this
20		amendatory Act of the 101st General Assembly, for the 2021 levy
21		year, constituting an extension for payment of principal and
22		interest on bonds issued by the taxing district without
23		referendum, but not including excluded non-referendum bonds.
24		For park districts (i) that were first subject to this Law in
25		1991 or 1995 and (ii) whose extension for the 1994 levy year
26		for the payment of principal and interest on bonds issued by

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1		the park district without referendum (but not including
2		excluded non-referendum bonds) was less than 51% of the amount
3		for the 1991 levy year constituting an extension for payment of
4		principal and interest on bonds issued by the park district
5		without referendum (but not including excluded non-referendum
6		bonds), "debt service extension base" means an amount equal to
7		that portion of the extension for the 1991 levy year
8		constituting an extension for payment of principal and interest
9		on bonds issued by the park district without referendum (but
10		not including excluded non-referendum bonds). A debt service
11		extension base established or increased at any time pursuant to
12		any provision of this Law, except Section 18-212, shall be
13		increased each year commencing with the later of (i) the 2009
14		levy year or (ii) the first levy year in which this Law becomes
15		applicable to the taxing district, by the lesser of 5% or the
16		percentage increase in the Consumer Price Index during the
17		12-month calendar year preceding the levy year. The debt
18		service extension base may be established or increased as
19		provided under Section 18-212. "Excluded non-referendum bonds"
20		means (i) bonds authorized by Public Act 88-503 and issued
21		under Section 20a of the Chicago Park District Act for aquarium
22		and museum projects; (ii) bonds issued under Section 15 of the
23		Local Government Debt Reform Act; or (iii) refunding
24		obligations issued to refund or to continue to refund
25		obligations initially issued pursuant to referendum.
26		"Special purpose extensions" include, but are not limited

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1		to, extensions for levies made on an annual basis for
2		unemployment and workers' compensation, self-insurance,
3		contributions to pension plans, and extensions made pursuant to
4		Section 6-601 of the Illinois Highway Code for a road
5		district's permanent road fund whether levied annually or not.
6		The extension for a special service area is not included in the
7		aggregate extension.
8		"Aggregate extension base" means the taxing district's
9		last preceding aggregate extension as adjusted under Sections
10		18-135, 18-215, 18-230, and 18-206. An adjustment under Section
11		18-135 shall be made for the 2007 levy year and all subsequent
12		levy years whenever one or more counties within which a taxing
13		district is located (i) used estimated valuations or rates when
14		extending taxes in the taxing district for the last preceding
15		levy year that resulted in the over or under extension of
16		taxes, or (ii) increased or decreased the tax extension for the
17		last preceding levy year as required by Section 18-135(c).
18		Whenever an adjustment is required under Section 18-135, the
19		aggregate extension base of the taxing district shall be equal
20		to the amount that the aggregate extension of the taxing
21		district would have been for the last preceding levy year if
22		either or both (i) actual, rather than estimated, valuations or
23		rates had been used to calculate the extension of taxes for the
24		last levy year, or (ii) the tax extension for the last
25		preceding levy year had not been adjusted as required by
26		subsection (c) of Section 18-135.

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1		Notwithstanding any other provision of law, for levy year
2		2012, the aggregate extension base for West Northfield School
3		District No. 31 in Cook County shall be $12,654,592.
4		"Levy year" has the same meaning as "year" under Section
5		1-155.
6		"New property" means (i) the assessed value, after final
7		board of review or board of appeals action, of new improvements
8		or additions to existing improvements on any parcel of real
9		property that increase the assessed value of that real property
10		during the levy year multiplied by the equalization factor
11		issued by the Department under Section 17-30, (ii) the assessed
12		value, after final board of review or board of appeals action,
13		of real property not exempt from real estate taxation, which
14		real property was exempt from real estate taxation for any
15		portion of the immediately preceding levy year, multiplied by
16		the equalization factor issued by the Department under Section
17		17-30, including the assessed value, upon final stabilization
18		of occupancy after new construction is complete, of any real
19		property located within the boundaries of an otherwise or
20		previously exempt military reservation that is intended for
21		residential use and owned by or leased to a private corporation
22		or other entity, (iii) in counties that classify in accordance
23		with Section 4 of Article IX of the Illinois Constitution, an
24		incentive property's additional assessed value resulting from
25		a scheduled increase in the level of assessment as applied to
26		the first year final board of review market value, and (iv) any

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1		increase in assessed value due to oil or gas production from an
2		oil or gas well required to be permitted under the Hydraulic
3		Fracturing Regulatory Act that was not produced in or accounted
4		for during the previous levy year. In addition, the county
5		clerk in a county containing a population of 3,000,000 or more
6		shall include in the 1997 recovered tax increment value for any
7		school district, any recovered tax increment value that was
8		applicable to the 1995 tax year calculations.
9		"Qualified airport authority" means an airport authority
10		organized under the Airport Authorities Act and located in a
11		county bordering on the State of Wisconsin and having a
12		population in excess of 200,000 and not greater than 500,000.
13		"Qualified school district" means a school district that
14		certifies to the county clerk of the county in which the school
15		district is located by October 15 immediately preceding the
16		first day of the levy year that the district meets either of
17		the following criteria:
18		(1) the school district submitted a claim or claims to
19		the Illinois State Board of Education for reimbursement of
20		State mandated categoricals, as provided in the School
21		Breakfast and Lunch Program Act or Section 14-7.02,
22		14-7.03, 14-13.01, 18-3, or 29-5 of the School Code, for
23		the school fiscal year immediately preceding the levy year,
24		and the aggregate amount of reimbursement for those State
25		mandated categoricals for that school fiscal year was less
26		than 97% of the district's claims as certified by the State

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1		Board of Education pursuant to Section 18-21 of the School
2		Code; or
3		(2) the school district did not receive the minimum
4		funding required for that school district under the
5		evidence-based funding formula set forth in Section
6		18-8.15 of the School Code for the school fiscal year
7		immediately preceding the levy year.
8		"Recovered tax increment value" means, except as otherwise
9		provided in this paragraph, the amount of the current year's
10		equalized assessed value, in the first year after a
11		municipality terminates the designation of an area as a
12		redevelopment project area previously established under the
13		Tax Increment Allocation Development Act in the Illinois
14		Municipal Code, previously established under the Industrial
15		Jobs Recovery Law in the Illinois Municipal Code, previously
16		established under the Economic Development Project Area Tax
17		Increment Act of 1995, or previously established under the
18		Economic Development Area Tax Increment Allocation Act, of each
19		taxable lot, block, tract, or parcel of real property in the
20		redevelopment project area over and above the initial equalized
21		assessed value of each property in the redevelopment project
22		area. For the taxes which are extended for the 1997 levy year,
23		the recovered tax increment value for a non-home rule taxing
24		district that first became subject to this Law for the 1995
25		levy year because a majority of its 1994 equalized assessed
26		value was in an affected county or counties shall be increased

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1		if a municipality terminated the designation of an area in 1993
2		as a redevelopment project area previously established under
3		the Tax Increment Allocation Development Act in the Illinois
4		Municipal Code, previously established under the Industrial
5		Jobs Recovery Law in the Illinois Municipal Code, or previously
6		established under the Economic Development Area Tax Increment
7		Allocation Act, by an amount equal to the 1994 equalized
8		assessed value of each taxable lot, block, tract, or parcel of
9		real property in the redevelopment project area over and above
10		the initial equalized assessed value of each property in the
11		redevelopment project area. In the first year after a
12		municipality removes a taxable lot, block, tract, or parcel of
13		real property from a redevelopment project area established
14		under the Tax Increment Allocation Development Act in the
15		Illinois Municipal Code, the Industrial Jobs Recovery Law in
16		the Illinois Municipal Code, or the Economic Development Area
17		Tax Increment Allocation Act, "recovered tax increment value"
18		means the amount of the current year's equalized assessed value
19		of each taxable lot, block, tract, or parcel of real property
20		removed from the redevelopment project area over and above the
21		initial equalized assessed value of that real property before
22		removal from the redevelopment project area.
23		Except as otherwise provided in this Section, "limiting
24		rate" means a fraction the numerator of which is the last
25		preceding aggregate extension base times an amount equal to one
26		plus the extension limitation defined in this Section and the

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1		denominator of which is the current year's equalized assessed
2		value of all real property in the territory under the
3		jurisdiction of the taxing district during the prior levy year.
4		For those taxing districts that reduced their aggregate
5		extension for the last preceding levy year, except for school
6		districts that reduced their extension for educational
7		purposes pursuant to Section 18-206, the highest aggregate
8		extension in any of the last 3 preceding levy years shall be
9		used for the purpose of computing the limiting rate. The
10		denominator shall not include new property or the recovered tax
11		increment value. If a new rate, a rate decrease, or a limiting
12		rate increase has been approved at an election held after March
13		21, 2006, then (i) the otherwise applicable limiting rate shall
14		be increased by the amount of the new rate or shall be reduced
15		by the amount of the rate decrease, as the case may be, or (ii)
16		in the case of a limiting rate increase, the limiting rate
17		shall be equal to the rate set forth in the proposition
18		approved by the voters for each of the years specified in the
19		proposition, after which the limiting rate of the taxing
20		district shall be calculated as otherwise provided. In the case
21		of a taxing district that obtained referendum approval for an
22		increased limiting rate on March 20, 2012, the limiting rate
23		for tax year 2012 shall be the rate that generates the
24		approximate total amount of taxes extendable for that tax year,
25		as set forth in the proposition approved by the voters; this
26		rate shall be the final rate applied by the county clerk for

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1		the aggregate of all capped funds of the district for tax year
2		2012.
3		(Source: P.A. 99-143, eff. 7-27-15; 99-521, eff. 6-1-17;
4		100-465, eff. 8-31-17.)
5		(35 ILCS 200/18-205)
6		Sec. 18-205. Referendum to increase the extension
7		limitation. A taxing district is limited to an extension
8		limitation as provided in Section 18-185 of 5% or the
9		percentage increase in the Consumer Price Index during the
10		12-month calendar year preceding the levy year, whichever is
11		less. A taxing district may increase its extension limitation
12		for one or more levy years if that taxing district holds a
13		referendum before the levy date for the first levy year at
14		which a majority of voters voting on the issue approves
15		adoption of a higher extension limitation. Referenda shall be
16		conducted at a regularly scheduled election in accordance with
17		the Election Code. The question shall be presented in
18		substantially the following manner for all elections held after
19		March 21, 2006:
20		Shall the extension limitation under the Property Tax
21		Extension Limitation Law for (insert the legal name,
22		number, if any, and county or counties of the taxing
23		district and geographic or other common name by which a
24		school or community college district is known and referred
25		to), Illinois, be increased from (the applicable extension

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1		limitation set forth in Section 18-185) the lesser of 5% or
2		the percentage increase in the Consumer Price Index over
3		the prior levy year to (insert the percentage of the
4		proposed increase)% per year for (insert each levy year for
5		which the increased extension limitation will apply)?
6		The votes must be recorded as "Yes" or "No".
7		If a majority of voters voting on the issue approves the
8		adoption of the increase, the increase shall be applicable for
9		each levy year specified.
10		The ballot for any question submitted pursuant to this
11		Section shall have printed thereon, but not as a part of the
12		question submitted, only the following supplemental
13		information (which shall be supplied to the election authority
14		by the taxing district) in substantially the following form:
15		(1) For the (insert the first levy year for which the
16		increased extension limitation will be applicable) levy
17		year the approximate amount of the additional tax
18		extendable against property containing a single family
19		residence and having a fair market value at the time of the
20		referendum of $100,000 is estimated to be $....
21		(2) Based upon an average annual percentage increase
22		(or decrease) in the market value of such property of ...%
23		(insert percentage equal to the average annual percentage
24		increase or decrease for the prior 3 levy years, at the
25		time the submission of the question is initiated by the
26		taxing district, in the amount of (A) the equalized

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1		assessed value of the taxable property in the taxing
2		district less (B) the new property included in the
3		equalized assessed value), the approximate amount of the
4		additional tax extendable against such property for the ...
5		levy year is estimated to be $... and for the ... levy year
6		is estimated to be $....
7		Paragraph (2) shall be included only if the increased
8		extension limitation will be applicable for more than one year
9		and shall list each levy year for which the increased extension
10		limitation will be applicable. The additional tax shown for
11		each levy year shall be the approximate dollar amount of the
12		increase over the amount of the most recently completed
13		extension at the time the submission of the question is
14		initiated by the taxing district. The approximate amount of the
15		additional tax extendable shown in paragraphs (1) and (2) shall
16		be calculated by multiplying $100,000 (the fair market value of
17		the property without regard to any property tax exemptions) by
18		(i) the percentage level of assessment prescribed for that
19		property by statute, or by ordinance of the county board in
20		counties that classify property for purposes of taxation in
21		accordance with Section 4 of Article IX of the Illinois
22		Constitution; (ii) the most recent final equalization factor
23		certified to the county clerk by the Department of Revenue at
24		the time the taxing district initiates the submission of the
25		proposition to the electors; (iii) the last known aggregate
26		extension base of the taxing district at the time the

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1		submission of the question is initiated by the taxing district;
2		and (iv) the difference between the percentage increase
3		proposed in the question and the (otherwise applicable
4		extension limitation under Section 18-185) lesser of 5% or the
5		percentage increase in the Consumer Price Index for the prior
6		levy year (or an estimate of the percentage increase for the
7		prior levy year if the increase is unavailable at the time the
8		submission of the question is initiated by the taxing
9		district); and dividing the result by the last known equalized
10		assessed value of the taxing district at the time the
11		submission of the question is initiated by the taxing district.
12		This amendatory Act of the 97th General Assembly is intended to
13		clarify the existing requirements of this Section, and shall
14		not be construed to validate any prior non-compliant referendum
15		language. Any notice required to be published in connection
16		with the submission of the question shall also contain this
17		supplemental information and shall not contain any other
18		supplemental information. Any error, miscalculation, or
19		inaccuracy in computing any amount set forth on the ballot or
20		in the notice that is not deliberate shall not invalidate or
21		affect the validity of any proposition approved. Notice of the
22		referendum shall be published and posted as otherwise required
23		by law, and the submission of the question shall be initiated
24		as provided by law.
25		(Source: P.A. 97-1087, eff. 8-24-12.)

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1		(35 ILCS 200/18-214)
2		Sec. 18-214. Referenda on removal of the applicability of
3		the Property Tax Extension Limitation Law to non-home rule
4		taxing districts.
5		(a) The provisions of this Section do not apply to a taxing
6		district that is subject to this Law because a majority of its
7		1990 equalized assessed value is in a county or counties
8		contiguous to a county of 3,000,000 or more inhabitants, or
9		because a majority of its 1994 equalized assessed value is in
10		an affected county and the taxing district was not subject to
11		this Law before the 1995 levy year. The provisions of this
12		Section do not apply to a school district that is not a
13		qualified school district.
14		(b) For purposes of this Section only:
15		"Taxing district" means any non-home rule taxing district
16		that became subject to this Law under Section 18-213 of this
17		Law.
18		"Equalized assessed valuation" means the equalized
19		assessed valuation for a taxing district for the immediately
20		preceding levy year.
21		(c) The county board of a county that became subject to
22		this Law by a referendum approved by the voters of the county
23		under Section 18-213 may, by ordinance or resolution, in the
24		manner set forth in this Section, submit to the voters of the
25		county the question of whether this Law applies to all non-home
26		rule taxing districts that have all or a portion of their

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1		equalized assessed valuation situated in the county in the
2		manner set forth in this Section.
3		(d) The ordinance or resolution shall request the
4		submission of the proposition at any election, except a
5		consolidated primary election, for the purpose of voting for or
6		against the continued application of the Property Tax Extension
7		Limitation Law to all non-home rule taxing districts that have
8		all or a portion of their equalized assessed valuation situated
9		in the county.
10		The question shall be placed on a separate ballot and shall
11		be in substantially the following form:
12		Shall the Property Tax Extension Limitation Law (35
13		ILCS 200/18-185 through 35 ILCS 200/18-245), which limits
14		annual property tax extension increases, apply to non-home
15		rule taxing districts with all or a portion of their
16		equalized assessed valuation located in (name of county)?
17		Votes on the question shall be recorded as "yes" or "no".
18		(e) The county clerk shall order the proposition submitted
19		to the electors of the county at the election specified in the
20		ordinance or resolution. If part of the county is under the
21		jurisdiction of a board or boards of election commissioners,
22		the county clerk shall submit a certified copy of the ordinance
23		or resolution to each board of election commissioners, which
24		shall order the proposition submitted to the electors of the
25		taxing district within its jurisdiction at the election
26		specified in the ordinance or resolution.

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1		(f) With respect to taxing districts having all of their
2		equalized assessed valuation located in one county, if a
3		majority of the votes cast on the proposition are against the
4		proposition, then this Law shall not apply to the taxing
5		district beginning on January 1 of the year following the date
6		of the referendum.
7		(g) With respect to taxing districts that do not have all
8		of their equalized assessed valuation located in a single
9		county, if both of the following conditions are met, then this
10		Law shall no longer apply to the taxing district beginning on
11		January 1 of the year following the date of the referendum.
12		(1) Each county in which the district has any equalized
13		assessed valuation must either, (i) have held a referendum
14		under this Section, (ii) be an affected county, or (iii)
15		have held a referendum under Section 18-213 at which the
16		voters rejected the proposition at the most recent election
17		at which the question was on the ballot in the county.
18		(2) The majority of the equalized assessed valuation of
19		the taxing district, other than any equalized assessed
20		valuation in an affected county, is in one or more counties
21		in which the voters rejected the proposition. For purposes
22		of this Section, in determining whether a majority of the
23		equalized assessed valuation of the taxing district is
24		located in one or more counties in which the voters have
25		rejected the proposition under this Section, the equalized
26		assessed valuation of any taxing district in a county which

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1		has held a referendum under Section 18-213 at which the
2		voters rejected that proposition, at the most recent
3		election at which the question was on the ballot in the
4		county, will be included with the equalized assessed value
5		of the taxing district in counties in which the voters have
6		rejected the referendum held under this Section.
7		(h) Immediately after a referendum is held under this
8		Section, the county clerk of the county holding the referendum
9		shall give notice of the referendum having been held and its
10		results to all taxing districts that have all or a portion of
11		their equalized assessed valuation located in the county, the
12		county clerk of any other county in which any of the equalized
13		assessed valuation of any such taxing district is located, and
14		the Department of Revenue. After the last referendum affecting
15		a multi-county taxing district is held, the Department of
16		Revenue shall determine whether the taxing district is no
17		longer subject to this Law and, if the taxing district is no
18		longer subject to this Law, the Department of Revenue shall
19		notify the taxing district and the county clerks of all of the
20		counties in which a portion of the equalized assessed valuation
21		of the taxing district is located that, beginning on January 1
22		of the year following the date of the last referendum, the
23		taxing district is no longer subject to this Law.
24		(Source: P.A. 89-718, eff. 3-7-97.)
25		Section 10. The School Code is amended by adding Section

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1		18-21 as follows:
2		(105 ILCS 5/18-21 new)
3		Sec. 18-21. Certifications to school districts. On or
4		before September 30th of each year, the State Board shall
5		certify to each school district whether or not the school
6		district is eligible for designation as a qualified school
7		district, based on the criteria set forth in Section 18-185 of
8		the Property Tax Code.
9		Section 99. Effective date. This Act takes effect on
10		January 1, 2021, but does not take effect at all unless Senate
11		Joint Resolution Constitutional Amendment No. 1 of the 101st
12		General Assembly is approved by the voters of the State prior
13		to that date.