Illinois Administrative Code › Title 86 - REVENUE › Part 110 - LEVELING THE PLAYING FIELD FOR ILLINOIS RETAIL ACT › Section 110.192 - Property Tax Extension Limitation Law Notification and Determination Requirements After Referendum Under Section 18-213 or 18-214 of the Property Tax Code

Current through Register Vol. 48, No. 28, July 12, 2024
a) Definitions.
			 For purposes of this Section, the terms used in Section 18-213 and 18-214 of
			 the Property Tax Code [35 ILCS 200/18-213 and 18 -214] are defined as follows:
"Immediately preceding levy year" means the levy year prior to
				the year in which the referendum is held.
"Multi-county taxing district" means any taxing district that
				has equalized assessed valuation for the immediately preceding levy year in
				more than one county.
b)
			 Notice of referendum results. The notice of referendum results required from
			 the county clerks under Section 18-213 or 18-214 shall be in substantially the
			 following form:
To: The Illinois Department of Revenue
From:
(name)
County Clerk of County
On
(date)
a referendum was held under
				(select either Section 18-213 or 18-214) in County on the applicability of the
				Property Tax Extension Limitation Law to non-home rule taxing districts in
				County. The result of the referendum was that the question was
(approved or not approved).
Following is a list including (1) the name of each non-home
				rule multi-county taxing district with any portion of its equalized assessed
				valuation for the immediately preceding levy year in this county in which the
				referendum was held, (2) the name and address of the governing authority of
				each such district, and (3) a list of all counties in which any portion of the
				equalized assessed valuation of each such district is situated:
(Counties in
(Name of non-home
(Name, address of
which any EAV of
rule multi-county
governing authority
the district is
taxing district)
of the district)
situated)
(Include list here)
The undersigned County Clerk of County, Illinois, hereby
				verifies that the information in this notice is accurate and complete.
(date)
(Seal of County Clerk) County Clerk
c) Applicability of Property Tax Extension
			 Limitation Law to Non-Home Rule Multi-County Taxing District - Determination
			 and Notification
1) After the Department
			 receives notification of referendum results, the Department shall determine if
			 a non-home rule multi-county taxing district is subject to the Property Tax
			 Extension Limitation Law. When the Department determines that a non-home rule
			 multi-county taxing district becomes subject to the Property Tax Extension
			 Limitation Law, the Department shall notify the governing authority of each
			 such non-home rule multi-county taxing district and the county clerks of all
			 counties in which a portion of the equalized assessed valuation of the district
			 is located that the district is subject to the Property Tax Extension
			 Limitation Law beginning on January 1 of the year following the year in which
			 the referendum was held.
2) When
			 the Department determines that a non-home rule multi-county taxing district
			 that was subject to the PTELL is no longer subject to the PTELL, the Department
			 shall notify the governing authority of each such non-home rule multi-county
			 taxing district and the county clerks of all counties in which a portion of the
			 equalized assessed valuation of the district is located that the district is no
			 longer subject to the PTELL beginning on January 1 of the year following the
			 year in which the referendum was held.
3) In making the determination of whether the
			 Property Tax Extension Limitation Law is applicable to a non-home rule
			 multi-county taxing district, the Department shall consider the equalized
			 assessed valuation of the district for the immediately preceding levy year as
			 reported to the Department by the county clerks under Section 18-255 of the
			 Property Tax Code.
4) Changes in
			 the equalized assessed valuation of the district for the immediately preceding
			 levy year, including but not limited to changes due to the assessment of
			 omitted property, the exemption of property from taxation, or a change in the
			 equalized assessed valuation of any property in the district, shall not change
			 the Department's determination or the applicability of the Property Tax
			 Extension Limitation Law to that district.