PTELL-AGGREGATE EXTENSION

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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3844

Introduced 2/6/2026, by Sen. Darby A. Hills

SYNOPSIS AS INTRODUCED:

35 ILCS 200/18-185
35 ILCS 200/18-205
35 ILCS 200/18-207 new
35 ILCS 200/18-212

Amends the Property Tax Extension Limitation Law in the Property Tax
Code. Provides that a taxing district shall reduce its aggregate extension
base for the purpose of lowering its limiting rate for future years upon
referendum approval initiated by the submission of a petition by the
voters of the district. Provides that the extension limitation shall be:
(a) the lesser of 5% or the average percentage increase in the Consumer
Price Index for the 10 years immediately preceding the levy year for which
the extension limitation is being calculated; or (b) the rate of increase
approved by the voters. Effective immediately.
LRB104 19189 HLH 32634 b

A BILL FOR

SB3844
LRB104 19189 HLH 32634 b
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 18-212 and by adding Section
6
18-207 as follows:

7

(35 ILCS 200/18-185)
8

Sec. 18-185.
Short title; definitions.
This Division 5
9
may be cited as the Property Tax Extension Limitation Law. As
10
used in this Division 5:
11

"Consumer Price Index" means the Consumer Price Index for
12
All Urban Consumers for all items published by the United
13
States Department of Labor.
14

"Extension limitation" means
, for taxable years prior to
15
2026:
(a) the lesser of 5% or the percentage increase in the
16
Consumer Price Index during the 12-month calendar year
17
preceding the levy year
;
or (b) the rate of increase approved
18
by voters under Section 18-205.
19

"Extension limitation" means, for taxable year 2026 and
20
thereafter: (a) the lesser of 5% or the average percentage
21
increase in the Consumer Price Index for the 10 years
22
immediately preceding the levy year for which the extension
23
limitation is being calculated; or (b) the rate of increase

SB3844
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LRB104 19189 HLH 32634 b
1
approved by voters under Section 18-205.

2

"Affected county" means a county of 3,000,000 or more
3
inhabitants or a county contiguous to a county of 3,000,000 or
4
more inhabitants.
5

"Taxing district" has the same meaning provided in Section
6
1-150, except as otherwise provided in this Section. For the
7
1991 through 1994 levy years only, "taxing district" includes
8
only each non-home rule taxing district having the majority of
9
its 1990 equalized assessed value within any county or
10
counties contiguous to a county with 3,000,000 or more
11
inhabitants. Beginning with the 1995 levy year, "taxing
12
district" includes only each non-home rule taxing district
13
subject to this Law before the 1995 levy year and each non-home
14
rule taxing district not subject to this Law before the 1995
15
levy year having the majority of its 1994 equalized assessed
16
value in an affected county or counties. Beginning with the
17
levy year in which this Law becomes applicable to a taxing
18
district as provided in Section 18-213, "taxing district" also
19
includes those taxing districts made subject to this Law as
20
provided in Section 18-213.
21

"Aggregate extension" for taxing districts to which this
22
Law applied before the 1995 levy year means the annual
23
corporate extension for the taxing district and those special
24
purpose extensions that are made annually for the taxing
25
district, excluding special purpose extensions: (a) made for
26
the taxing district to pay interest or principal on general

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LRB104 19189 HLH 32634 b
1
obligation bonds that were approved by referendum; (b) made
2
for any taxing district to pay interest or principal on
3
general obligation bonds issued before October 1, 1991; (c)
4
made for any taxing district to pay interest or principal on
5
bonds issued to refund or continue to refund those bonds
6
issued before October 1, 1991; (d) made for any taxing
7
district to pay interest or principal on bonds issued to
8
refund or continue to refund bonds issued after October 1,
9
1991 that were approved by referendum; (e) made for any taxing
10
district to pay interest or principal on revenue bonds issued
11
before October 1, 1991 for payment of which a property tax levy
12
or the full faith and credit of the unit of local government is
13
pledged; however, a tax for the payment of interest or
14
principal on those bonds shall be made only after the
15
governing body of the unit of local government finds that all
16
other sources for payment are insufficient to make those
17
payments; (f) made for payments under a building commission
18
lease when the lease payments are for the retirement of bonds
19
issued by the commission before October 1, 1991, to pay for the
20
building project; (g) made for payments due under installment
21
contracts entered into before October 1, 1991; (h) made for
22
payments of principal and interest on bonds issued under the
23
Metropolitan Water Reclamation District Act to finance
24
construction projects initiated before October 1, 1991; (i)
25
made for payments of principal and interest on limited bonds,
26
as defined in Section 3 of the Local Government Debt Reform

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LRB104 19189 HLH 32634 b
1
Act, in an amount not to exceed the debt service extension base
2
less the amount in items (b), (c), (e), and (h) of this
3
definition for non-referendum obligations, except obligations
4
initially issued pursuant to referendum; (j) made for payments
5
of principal and interest on bonds issued under Section 15 of
6
the Local Government Debt Reform Act; (k) made by a school
7
district that participates in the Special Education District
8
of Lake County, created by special education joint agreement
9
under Section 10-22.31 of the School Code, for payment of the
10
school district's share of the amounts required to be
11
contributed by the Special Education District of Lake County
12
to the Illinois Municipal Retirement Fund under Article 7 of
13
the Illinois Pension Code; the amount of any extension under
14
this item (k) shall be certified by the school district to the
15
county clerk; (l) made to fund expenses of providing joint
16
recreational programs for persons with disabilities under
17
Section 5-8 of the Park District Code or Section 11-95-14 of
18
the Illinois Municipal Code; (m) made for temporary relocation
19
loan repayment purposes pursuant to Sections 2-3.77 and
20
17-2.2d of the School Code; (n) made for payment of principal
21
and interest on any bonds issued under the authority of
22
Section 17-2.2d of the School Code; (o) made for contributions
23
to a firefighter's pension fund created under Article 4 of the
24
Illinois Pension Code, to the extent of the amount certified
25
under item (5) of Section 4-134 of the Illinois Pension Code;
26
(p) made for road purposes in the first year after a township

SB3844
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LRB104 19189 HLH 32634 b
1
assumes the rights, powers, duties, assets, property,
2
liabilities, obligations, and responsibilities of a road
3
district abolished under the provisions of Section 6-133 of
4
the Illinois Highway Code; (q) made under Section 4 of the
5
Community Mental Health Act to provide the necessary funds or
6
to supplement existing funds for community mental health
7
facilities and services, including facilities and services for
8
the person with a developmental disability or a substance use
9
disorder; and (r) made for the payment of principal and
10
interest on any bonds issued under the authority of Section
11
17-2.11 of the School Code or to refund or continue to refund
12
those bonds.
13

"Aggregate extension" for the taxing districts to which
14
this Law did not apply before the 1995 levy year (except taxing
15
districts subject to this Law in accordance with Section
16
18-213) means the annual corporate extension for the taxing
17
district and those special purpose extensions that are made
18
annually for the taxing district, excluding special purpose
19
extensions: (a) made for the taxing district to pay interest
20
or principal on general obligation bonds that were approved by
21
referendum; (b) made for any taxing district to pay interest
22
or principal on general obligation bonds issued before March
23
1, 1995; (c) made for any taxing district to pay interest or
24
principal on bonds issued to refund or continue to refund
25
those bonds issued before March 1, 1995; (d) made for any
26
taxing district to pay interest or principal on bonds issued

SB3844
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LRB104 19189 HLH 32634 b
1
to refund or continue to refund bonds issued after March 1,
2
1995 that were approved by referendum; (e) made for any taxing
3
district to pay interest or principal on revenue bonds issued
4
before March 1, 1995 for payment of which a property tax levy
5
or the full faith and credit of the unit of local government is
6
pledged; however, a tax for the payment of interest or
7
principal on those bonds shall be made only after the
8
governing body of the unit of local government finds that all
9
other sources for payment are insufficient to make those
10
payments; (f) made for payments under a building commission
11
lease when the lease payments are for the retirement of bonds
12
issued by the commission before March 1, 1995 to pay for the
13
building project; (g) made for payments due under installment
14
contracts entered into before March 1, 1995; (h) made for
15
payments of principal and interest on bonds issued under the
16
Metropolitan Water Reclamation District Act to finance
17
construction projects initiated before October 1, 1991; (h-4)
18
made for stormwater management purposes by the Metropolitan
19
Water Reclamation District of Greater Chicago under Section 12
20
of the Metropolitan Water Reclamation District Act; (h-8) made
21
for payments of principal and interest on bonds issued under
22
Section 9.6a of the Metropolitan Water Reclamation District
23
Act to make contributions to the pension fund established
24
under Article 13 of the Illinois Pension Code; (i) made for
25
payments of principal and interest on limited bonds, as
26
defined in Section 3 of the Local Government Debt Reform Act,

SB3844
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LRB104 19189 HLH 32634 b
1
in an amount not to exceed the debt service extension base less
2
the amount in items (b), (c), and (e) of this definition for
3
non-referendum obligations, except obligations initially
4
issued pursuant to referendum and bonds described in
5
subsections (h) and (h-8) of this definition; (j) made for
6
payments of principal and interest on bonds issued under
7
Section 15 of the Local Government Debt Reform Act; (k) made
8
for payments of principal and interest on bonds authorized by
9
Public Act 88-503 and issued under Section 20a of the Chicago
10
Park District Act for aquarium or museum projects and bonds
11
issued under Section 20a of the Chicago Park District Act for
12
the purpose of making contributions to the pension fund
13
established under Article 12 of the Illinois Pension Code; (l)
14
made for payments of principal and interest on bonds
15
authorized by Public Act 87-1191 or 93-601 and (i) issued
16
pursuant to Section 21.2 of the Cook County Forest Preserve
17
District Act, (ii) issued under Section 42 of the Cook County
18
Forest Preserve District Act for zoological park projects, or
19
(iii) issued under Section 44.1 of the Cook County Forest
20
Preserve District Act for botanical gardens projects; (m) made
21
pursuant to Section 34-53.5 of the School Code, whether levied
22
annually or not; (n) made to fund expenses of providing joint
23
recreational programs for persons with disabilities under
24
Section 5-8 of the Park District Code or Section 11-95-14 of
25
the Illinois Municipal Code; (o) made by the Chicago Park
26
District for recreational programs for persons with

SB3844
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LRB104 19189 HLH 32634 b
1
disabilities under subsection (c) of Section 7.06 of the
2
Chicago Park District Act; (p) made for contributions to a
3
firefighter's pension fund created under Article 4 of the
4
Illinois Pension Code, to the extent of the amount certified
5
under item (5) of Section 4-134 of the Illinois Pension Code;
6
(q) made by Ford Heights School District 169 under Section
7
17-9.02 of the School Code; (r) made for the purpose of making
8
employer contributions to the Public School Teachers' Pension
9
and Retirement Fund of Chicago under Section 34-53 of the
10
School Code; (s) made under Section 4 of the Community Mental
11
Health Act to provide the necessary funds or to supplement
12
existing funds for community mental health facilities and
13
services, including facilities and services for the person
14
with a developmental disability or a substance use disorder;
15
and (t) made for the payment of principal and interest on any
16
bonds issued under the authority of Section 17-2.11 of the
17
School Code or to refund or continue to refund those bonds.
18

"Aggregate extension" for all taxing districts to which
19
this Law applies in accordance with Section 18-213, except for
20
those taxing districts subject to paragraph (2) of subsection
21
(e) of Section 18-213, means the annual corporate extension
22
for the taxing district and those special purpose extensions
23
that are made annually for the taxing district, excluding
24
special purpose extensions: (a) made for the taxing district
25
to pay interest or principal on general obligation bonds that
26
were approved by referendum; (b) made for any taxing district

SB3844
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LRB104 19189 HLH 32634 b
1
to pay interest or principal on general obligation bonds
2
issued before the date on which the referendum making this Law
3
applicable to the taxing district is held; (c) made for any
4
taxing district to pay interest or principal on bonds issued
5
to refund or continue to refund those bonds issued before the
6
date on which the referendum making this Law applicable to the
7
taxing district is held; (d) made for any taxing district to
8
pay interest or principal on bonds issued to refund or
9
continue to refund bonds issued after the date on which the
10
referendum making this Law applicable to the taxing district
11
is held if the bonds were approved by referendum after the date
12
on which the referendum making this Law applicable to the
13
taxing district is held; (e) made for any taxing district to
14
pay interest or principal on revenue bonds issued before the
15
date on which the referendum making this Law applicable to the
16
taxing district is held for payment of which a property tax
17
levy or the full faith and credit of the unit of local
18
government is pledged; however, a tax for the payment of
19
interest or principal on those bonds shall be made only after
20
the governing body of the unit of local government finds that
21
all other sources for payment are insufficient to make those
22
payments; (f) made for payments under a building commission
23
lease when the lease payments are for the retirement of bonds
24
issued by the commission before the date on which the
25
referendum making this Law applicable to the taxing district
26
is held to pay for the building project; (g) made for payments

SB3844
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LRB104 19189 HLH 32634 b
1
due under installment contracts entered into before the date
2
on which the referendum making this Law applicable to the
3
taxing district is held; (h) made for payments of principal
4
and interest on limited bonds, as defined in Section 3 of the
5
Local Government Debt Reform Act, in an amount not to exceed
6
the debt service extension base less the amount in items (b),
7
(c), and (e) of this definition for non-referendum
8
obligations, except obligations initially issued pursuant to
9
referendum; (i) made for payments of principal and interest on
10
bonds issued under Section 15 of the Local Government Debt
11
Reform Act; (j) made for a qualified airport authority to pay
12
interest or principal on general obligation bonds issued for
13
the purpose of paying obligations due under, or financing
14
airport facilities required to be acquired, constructed,
15
installed or equipped pursuant to, contracts entered into
16
before March 1, 1996 (but not including any amendments to such
17
a contract taking effect on or after that date); (k) made to
18
fund expenses of providing joint recreational programs for
19
persons with disabilities under Section 5-8 of the Park
20
District Code or Section 11-95-14 of the Illinois Municipal
21
Code; (l) made for contributions to a firefighter's pension
22
fund created under Article 4 of the Illinois Pension Code, to
23
the extent of the amount certified under item (5) of Section
24
4-134 of the Illinois Pension Code; (m) made for the taxing
25
district to pay interest or principal on general obligation
26
bonds issued pursuant to Section 19-3.10 of the School Code;

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LRB104 19189 HLH 32634 b
1
(n) made under Section 4 of the Community Mental Health Act to
2
provide the necessary funds or to supplement existing funds
3
for community mental health facilities and services, including
4
facilities and services for the person with a developmental
5
disability or a substance use disorder; and (o) made for the
6
payment of principal and interest on any bonds issued under
7
the authority of Section 17-2.11 of the School Code or to
8
refund or continue to refund those bonds.
9

"Aggregate extension" for all taxing districts to which
10
this Law applies in accordance with paragraph (2) of
11
subsection (e) of Section 18-213 means the annual corporate
12
extension for the taxing district and those special purpose
13
extensions that are made annually for the taxing district,
14
excluding special purpose extensions: (a) made for the taxing
15
district to pay interest or principal on general obligation
16
bonds that were approved by referendum; (b) made for any
17
taxing district to pay interest or principal on general
18
obligation bonds issued before March 7, 1997 (the effective
19
date of Public Act 89-718); (c) made for any taxing district to
20
pay interest or principal on bonds issued to refund or
21
continue to refund those bonds issued before March 7, 1997
22
(the effective date of Public Act 89-718); (d) made for any
23
taxing district to pay interest or principal on bonds issued
24
to refund or continue to refund bonds issued after March 7,
25
1997 (the effective date of Public Act 89-718) if the bonds
26
were approved by referendum after March 7, 1997 (the effective

SB3844
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LRB104 19189 HLH 32634 b
1
date of Public Act 89-718); (e) made for any taxing district to
2
pay interest or principal on revenue bonds issued before March
3
7, 1997 (the effective date of Public Act 89-718) for payment
4
of which a property tax levy or the full faith and credit of
5
the unit of local government is pledged; however, a tax for the
6
payment of interest or principal on those bonds shall be made
7
only after the governing body of the unit of local government
8
finds that all other sources for payment are insufficient to
9
make those payments; (f) made for payments under a building
10
commission lease when the lease payments are for the
11
retirement of bonds issued by the commission before March 7,
12
1997 (the effective date of Public Act 89-718) to pay for the
13
building project; (g) made for payments due under installment
14
contracts entered into before March 7, 1997 (the effective
15
date of Public Act 89-718); (h) made for payments of principal
16
and interest on limited bonds, as defined in Section 3 of the
17
Local Government Debt Reform Act, in an amount not to exceed
18
the debt service extension base less the amount in items (b),
19
(c), and (e) of this definition for non-referendum
20
obligations, except obligations initially issued pursuant to
21
referendum; (i) made for payments of principal and interest on
22
bonds issued under Section 15 of the Local Government Debt
23
Reform Act; (j) made for a qualified airport authority to pay
24
interest or principal on general obligation bonds issued for
25
the purpose of paying obligations due under, or financing
26
airport facilities required to be acquired, constructed,

SB3844
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LRB104 19189 HLH 32634 b
1
installed or equipped pursuant to, contracts entered into
2
before March 1, 1996 (but not including any amendments to such
3
a contract taking effect on or after that date); (k) made to
4
fund expenses of providing joint recreational programs for
5
persons with disabilities under Section 5-8 of the Park
6
District Code or Section 11-95-14 of the Illinois Municipal
7
Code; (l) made for contributions to a firefighter's pension
8
fund created under Article 4 of the Illinois Pension Code, to
9
the extent of the amount certified under item (5) of Section
10
4-134 of the Illinois Pension Code; (m) made under Section 4 of
11
the Community Mental Health Act to provide the necessary funds
12
or to supplement existing funds for community mental health
13
facilities and services, including facilities and services for
14
the person with a developmental disability or a substance use
15
disorder; and (n) made for the payment of principal and
16
interest on any bonds issued under the authority of Section
17
17-2.11 of the School Code or to refund or continue to refund
18
those bonds.
19

"Debt service extension base" means an amount equal to
20
that portion of the extension for a taxing district for the
21
1994 levy year, or for those taxing districts subject to this
22
Law in accordance with Section 18-213, except for those
23
subject to paragraph (2) of subsection (e) of Section 18-213,
24
for the levy year in which the referendum making this Law
25
applicable to the taxing district is held, or for those taxing
26
districts subject to this Law in accordance with paragraph (2)

SB3844
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LRB104 19189 HLH 32634 b
1
of subsection (e) of Section 18-213 for the 1996 levy year,
2
constituting an extension for payment of principal and
3
interest on bonds issued by the taxing district without
4
referendum, but not including excluded non-referendum bonds.
5
For park districts (i) that were first subject to this Law in
6
1991 or 1995 and (ii) whose extension for the 1994 levy year
7
for the payment of principal and interest on bonds issued by
8
the park district without referendum (but not including
9
excluded non-referendum bonds) was less than 51% of the amount
10
for the 1991 levy year constituting an extension for payment
11
of principal and interest on bonds issued by the park district
12
without referendum (but not including excluded non-referendum
13
bonds), "debt service extension base" means an amount equal to
14
that portion of the extension for the 1991 levy year
15
constituting an extension for payment of principal and
16
interest on bonds issued by the park district without
17
referendum (but not including excluded non-referendum bonds).
18
A debt service extension base established or increased at any
19
time pursuant to any provision of this Law, except Section
20
18-212, shall be increased each year commencing with the later
21
of (i) the 2009 levy year or (ii) the first levy year in which
22
this Law becomes applicable to the taxing district, by the
23
extension limitation

lesser of 5% or the percentage increase
24
in the Consumer Price Index during the 12-month calendar year
25
preceding the levy year
. The debt service extension base may
26
be established or increased as provided under Section 18-212.

SB3844
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LRB104 19189 HLH 32634 b
1
"Excluded non-referendum bonds" means (i) bonds authorized by
2
Public Act 88-503 and issued under Section 20a of the Chicago
3
Park District Act for aquarium and museum projects; (ii) bonds
4
issued under Section 15 of the Local Government Debt Reform
5
Act; or (iii) refunding obligations issued to refund or to
6
continue to refund obligations initially issued pursuant to
7
referendum.
8

"Special purpose extensions" include, but are not limited
9
to, extensions for levies made on an annual basis for
10
unemployment and workers' compensation, self-insurance,
11
contributions to pension plans, and extensions made pursuant
12
to Section 6-601 of the Illinois Highway Code for a road
13
district's permanent road fund whether levied annually or not.
14
The extension for a special service area is not included in the
15
aggregate extension.
16

"Aggregate extension base" means the taxing district's
17
last preceding aggregate extension as adjusted under Sections
18
18-135, 18-215, 18-230, 18-206, and 18-233. Beginning with
19
levy year 2022, for taxing districts that are specified in
20
Section 18-190.7, the taxing district's aggregate extension
21
base shall be calculated as provided in Section 18-190.7. An
22
adjustment under Section 18-135 shall be made for the 2007
23
levy year and all subsequent levy years whenever one or more
24
counties within which a taxing district is located (i) used
25
estimated valuations or rates when extending taxes in the
26
taxing district for the last preceding levy year that resulted

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1
in the over or under extension of taxes, or (ii) increased or
2
decreased the tax extension for the last preceding levy year
3
as required by Section 18-135(c). Whenever an adjustment is
4
required under Section 18-135, the aggregate extension base of
5
the taxing district shall be equal to the amount that the
6
aggregate extension of the taxing district would have been for
7
the last preceding levy year if either or both (i) actual,
8
rather than estimated, valuations or rates had been used to
9
calculate the extension of taxes for the last levy year, or
10
(ii) the tax extension for the last preceding levy year had not
11
been adjusted as required by subsection (c) of Section 18-135.
12

Notwithstanding any other provision of law, for levy year
13
2012, the aggregate extension base for West Northfield School
14
District No. 31 in Cook County shall be $12,654,592.
15

Notwithstanding any other provision of law, for the
16
purpose of calculating the limiting rate for levy year 2023,
17
the last preceding aggregate extension base for Homewood
18
School District No. 153 in Cook County shall be $19,535,377.
19

Notwithstanding any other provision of law, for levy year
20
2022, the aggregate extension base of a home equity assurance
21
program that levied at least $1,000,000 in property taxes in
22
levy year 2019 or 2020 under the Home Equity Assurance Act
23
shall be the amount that the program's aggregate extension
24
base for levy year 2021 would have been if the program had
25
levied a property tax for levy year 2021.
26

"Levy year" has the same meaning as "year" under Section

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1
1-155.
2

"New property" means (i) the assessed value, after final
3
board of review or board of appeals action, of new
4
improvements or additions to existing improvements on any
5
parcel of real property that increase the assessed value of
6
that real property during the levy year multiplied by the
7
equalization factor issued by the Department under Section
8
17-30, (ii) the assessed value, after final board of review or
9
board of appeals action, of real property not exempt from real
10
estate taxation, which real property was exempt from real
11
estate taxation for any portion of the immediately preceding
12
levy year, multiplied by the equalization factor issued by the
13
Department under Section 17-30, including the assessed value,
14
upon final stabilization of occupancy after new construction
15
is complete, of any real property located within the
16
boundaries of an otherwise or previously exempt military
17
reservation that is intended for residential use and owned by
18
or leased to a private corporation or other entity, (iii) in
19
counties that classify in accordance with Section 4 of Article
20
IX of the Illinois Constitution, an incentive property's
21
additional assessed value resulting from a scheduled increase
22
in the level of assessment as applied to the first year final
23
board of review market value, and (iv) any increase in
24
assessed value due to oil or gas production from an oil or gas
25
well required to be permitted under the Hydraulic Fracturing
26
Regulatory Act that was not produced in or accounted for

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1
during the previous levy year. In addition, the county clerk
2
in a county containing a population of 3,000,000 or more shall
3
include in the 1997 recovered tax increment value for any
4
school district, any recovered tax increment value that was
5
applicable to the 1995 tax year calculations.
6

"Qualified airport authority" means an airport authority
7
organized under the Airport Authorities Act and located in a
8
county bordering on the State of Wisconsin and having a
9
population in excess of 200,000 and not greater than 500,000.
10

"Recovered tax increment value" means, except as otherwise
11
provided in this paragraph, the amount of the current year's
12
equalized assessed value, in the first year after a
13
municipality terminates the designation of an area as a
14
redevelopment project area previously established under the
15
Tax Increment Allocation Redevelopment Act in the Illinois
16
Municipal Code, previously established under the Industrial
17
Jobs Recovery Law in the Illinois Municipal Code, previously
18
established under the Economic Development Project Area Tax
19
Increment Act of 1995, or previously established under the
20
Economic Development Area Tax Increment Allocation Act, of
21
each taxable lot, block, tract, or parcel of real property in
22
the redevelopment project area over and above the initial
23
equalized assessed value of each property in the redevelopment
24
project area. For the taxes which are extended for the 1997
25
levy year, the recovered tax increment value for a non-home
26
rule taxing district that first became subject to this Law for

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1
the 1995 levy year because a majority of its 1994 equalized
2
assessed value was in an affected county or counties shall be
3
increased if a municipality terminated the designation of an
4
area in 1993 as a redevelopment project area previously
5
established under the Tax Increment Allocation Redevelopment
6
Act in the Illinois Municipal Code, previously established
7
under the Industrial Jobs Recovery Law in the Illinois
8
Municipal Code, or previously established under the Economic
9
Development Area Tax Increment Allocation Act, by an amount
10
equal to the 1994 equalized assessed value of each taxable
11
lot, block, tract, or parcel of real property in the
12
redevelopment project area over and above the initial
13
equalized assessed value of each property in the redevelopment
14
project area. In the first year after a municipality removes a
15
taxable lot, block, tract, or parcel of real property from a
16
redevelopment project area established under the Tax Increment
17
Allocation Redevelopment Act in the Illinois Municipal Code,
18
the Industrial Jobs Recovery Law in the Illinois Municipal
19
Code, or the Economic Development Area Tax Increment
20
Allocation Act, "recovered tax increment value" means the
21
amount of the current year's equalized assessed value of each
22
taxable lot, block, tract, or parcel of real property removed
23
from the redevelopment project area over and above the initial
24
equalized assessed value of that real property before removal
25
from the redevelopment project area.
26

Except as otherwise provided in this Section, "limiting

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1
rate" means a fraction the numerator of which is the last
2
preceding aggregate extension base
(as reduced by Section
3
18-207, if applicable)
times an amount equal to one plus the
4
extension limitation defined in this Section and the
5
denominator of which is the current year's equalized assessed
6
value of all real property in the territory under the
7
jurisdiction of the taxing district during the prior levy
8
year. For those taxing districts that reduced their aggregate
9
extension for the last preceding levy year, except for school
10
districts that reduced their extension for educational
11
purposes pursuant to Section 18-206
and taxing districts that
12
reduced their aggregate extension pursuant to Section 18-207
,
13
the highest aggregate extension in any of the last 3 preceding
14
levy years shall be used for the purpose of computing the
15
limiting rate. The denominator shall not include new property
16
or the recovered tax increment value. If a new rate, a rate
17
decrease, or a limiting rate increase has been approved at an
18
election held after March 21, 2006, then (i) the otherwise
19
applicable limiting rate shall be increased by the amount of
20
the new rate or shall be reduced by the amount of the rate
21
decrease, as the case may be, or (ii) in the case of a limiting
22
rate increase, the limiting rate shall be equal to the rate set
23
forth in the proposition approved by the voters for each of the
24
years specified in the proposition, after which the limiting
25
rate of the taxing district shall be calculated as otherwise
26
provided. In the case of a taxing district that obtained

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1
referendum approval for an increased limiting rate on March
2
20, 2012, the limiting rate for tax year 2012 shall be the rate
3
that generates the approximate total amount of taxes
4
extendable for that tax year, as set forth in the proposition
5
approved by the voters; this rate shall be the final rate
6
applied by the county clerk for the aggregate of all capped
7
funds of the district for tax year 2012.
8
(Source: P.A. 103-154, eff. 6-30-23; 103-587, eff. 5-28-24;
9
103-591, eff. 7-1-24; 103-592, eff. 6-7-24; 104-417, eff.
10
8-15-25.)

11

(35 ILCS 200/18-205)
12

Sec. 18-205.
Referendum to increase the extension
13
limitation.
A taxing district is limited to an extension
14
limitation
as defined in Section 18-185

of 5% or the
15
percentage increase in the Consumer Price Index during the
16
12-month calendar year preceding the levy year, whichever is
17
less
. A taxing district may increase its extension limitation
18
for one or more levy years if that taxing district holds a
19
referendum before the levy date for the first levy year at
20
which a majority of voters voting on the issue approves
21
adoption of a higher extension limitation. Referenda shall be
22
conducted at a regularly scheduled election in accordance with
23
the Election Code. The question shall be presented in
24
substantially the following manner for all elections held
25
after March 21, 2006:

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1

Shall the extension limitation under the Property Tax
2

Extension Limitation Law for (insert the legal name,
3

number, if any, and county or counties of the taxing
4

district and geographic or other common name by which a
5

school or community college district is known and referred
6

to), Illinois, be increased from
(the extension limitation
7

under item (a) of the definition of extension limitation
8

in Section 18-185)

the lesser of 5% or the percentage
9

increase in the Consumer Price Index over the prior levy
10

year
to (insert the percentage of the proposed increase)%
11

per year for (insert each levy year for which the
12

increased extension limitation will apply)?
13
The votes must be recorded as "Yes" or "No".
14
If a majority of voters voting on the issue approves the
15
adoption of the increase, the increase shall be applicable for
16
each levy year specified.
17

The ballot for any question submitted pursuant to this
18
Section shall have printed thereon, but not as a part of the
19
question submitted, only the following supplemental
20
information (which shall be supplied to the election authority
21
by the taxing district) in substantially the following form:
22

(1) For the (insert the first levy year for which the
23

increased extension limitation will be applicable) levy
24

year the approximate amount of the additional tax
25

extendable against property containing a single family
26

residence and having a fair market value at the time of the

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1

referendum of $100,000 is estimated to be $....
2

(2) Based upon an average annual percentage increase
3

(or decrease) in the market value of such property of ...%
4

(insert percentage equal to the average annual percentage
5

increase or decrease for the prior 3 levy years, at the
6

time the submission of the question is initiated by the
7

taxing district, in the amount of (A) the equalized
8

assessed value of the taxable property in the taxing
9

district less (B) the new property included in the
10

equalized assessed value), the approximate amount of the
11

additional tax extendable against such property for the
12

... levy year is estimated to be $... and for the ... levy
13

year is estimated to be $....
14

Paragraph (2) shall be included only if the increased
15
extension limitation will be applicable for more than one year
16
and shall list each levy year for which the increased
17
extension limitation will be applicable. The additional tax
18
shown for each levy year shall be the approximate dollar
19
amount of the increase over the amount of the most recently
20
completed extension at the time the submission of the question
21
is initiated by the taxing district. The approximate amount of
22
the additional tax extendable shown in paragraphs (1) and (2)
23
shall be calculated by multiplying $100,000 (the fair market
24
value of the property without regard to any property tax
25
exemptions) by (i) the percentage level of assessment
26
prescribed for that property by statute, or by ordinance of

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1
the county board in counties that classify property for
2
purposes of taxation in accordance with Section 4 of Article
3
IX of the Illinois Constitution; (ii) the most recent final
4
equalization factor certified to the county clerk by the
5
Department of Revenue at the time the taxing district
6
initiates the submission of the proposition to the electors;
7
(iii) the last known aggregate extension base of the taxing
8
district at the time the submission of the question is
9
initiated by the taxing district; and (iv) the difference
10
between the percentage increase proposed in the question and
11
the
otherwise applicable extension limitation

lesser of 5% or
12
the percentage increase in the Consumer Price Index for the
13
prior levy year (or an estimate of the percentage increase for
14
the prior levy year if the increase is unavailable at the time
15
the submission of the question is initiated by the taxing
16
district)
; and dividing the result by the last known equalized
17
assessed value of the taxing district at the time the
18
submission of the question is initiated by the taxing
19
district. This amendatory Act of the 97th General Assembly is
20
intended to clarify the existing requirements of this Section,
21
and shall not be construed to validate any prior non-compliant
22
referendum language. Any notice required to be published in
23
connection with the submission of the question shall also
24
contain this supplemental information and shall not contain
25
any other supplemental information. Any error, miscalculation,
26
or inaccuracy in computing any amount set forth on the ballot

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1
or in the notice that is not deliberate shall not invalidate or
2
affect the validity of any proposition approved. Notice of the
3
referendum shall be published and posted as otherwise required
4
by law, and the submission of the question shall be initiated
5
as provided by law.
6
(Source: P.A. 97-1087, eff. 8-24-12.)

7

(35 ILCS 200/18-207 new)
8

Sec. 18-207.
Reduced aggregate extension base.
9

(a) Upon submission of a petition signed by a number of
10
voters of the taxing district that is not less than 10% of the
11
votes cast in the taxing district at the immediately preceding
12
gubernatorial election, the question of whether a taxing
13
district shall reduce its aggregate extension base for the
14
purpose of lowering its limiting rate for future years shall
15
be submitted to the voters of the taxing district at the next
16
general or consolidated election. The petition shall set forth
17
the amount of the reduction and the levy years for which the
18
reduction shall be applicable.

19

(b) The petition shall be filed with the applicable
20
election authority, as defined in Section 1-3 of the Election
21
Code, or, in the case of multiple election authorities, with
22
the State Board of Elections, not more than 10 months nor less
23
than 6 months prior to the election at which the question is to
24
be submitted to the voters, and its validity shall be
25
determined as provided by Article 28 of the Election Code and

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1
general election law. The election authority or Board, as
2
applicable, shall certify the question and the proper election
3
authority or authorities shall submit the question to the
4
voters. Except as otherwise provided in this Section, this
5
referendum shall be subject to all other general election law
6
requirements.

7

(c) The proposition seeking to reduce the aggregate
8
extension base shall be in substantially the following form:

9

Shall the aggregate extension base used to calculate
10

the limiting rate for (taxing district) under the Property
11

Tax Extension Limitation Law be reduced by (amount of
12

money expressed in U.S. dollars) for (levy year or years)?

13

Votes shall be recorded as "Yes" or "No".

14

If a majority of all votes cast on the proposition are in
15
favor of the proposition, then the aggregate extension base
16
shall be reduced as provided in the referendum.

17

(35 ILCS 200/18-212)
18

Sec. 18-212.
Referendum on debt service extension base.
A
19
taxing district may establish or increase its debt service
20
extension base if (i) that taxing district holds a referendum
21
before the date on which the levy must be filed with the county
22
clerk of the county or counties in which the taxing district is
23
situated and (ii) a majority of voters voting on the issue
24
approves the establishment of or increase in the debt service
25
extension base. A debt service extension base established or

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1
increased by a referendum held pursuant to this Section after
2
February 2, 2010, shall be increased each year, commencing
3
with the first levy year beginning after the date of the
4
referendum, by the
extension limitation

lesser of 5% or the
5
percentage increase in the Consumer Price Index during the
6
12-month calendar year preceding the levy year
if the optional
7
language concerning the annual increase is included in the
8
question submitted to the electors of the taxing district.
9
Referenda under this Section shall be conducted at a regularly
10
scheduled election in accordance with the Election Code. The
11
governing body of the taxing district shall certify the
12
question to the proper election authorities who shall submit
13
the question to the electors of the taxing district in
14
substantially the following form:
15

"Shall the debt service extension base under the
16

Property Tax Extension Limitation Law for ... (taxing
17

district name) ... for payment of principal and interest
18

on limited bonds be .... ((established at $ ....) . (or)
19

(increased from $ .... to $ ....)) .. for the ..... levy
20

year and all subsequent levy years (optional language:,
21

such debt service extension base to be increased each year
22

by
(extension limitation amount)

the lesser of 5% or the
23

percentage increase in the Consumer Price Index during the
24

12-month calendar year preceding the levy year
)?"
25

Votes on the question shall be recorded as "Yes" or "No".
26

If a majority of voters voting on the issue approves the

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1
establishment of or increase in the debt service extension
2
base, the establishment of or increase in the debt service
3
extension base shall be applicable for the levy years
4
specified.
5
(Source: P.A. 96-1202, eff. 7-22-10.)

6

Section 99.
Effective date.
This Act takes effect upon
7
becoming law.

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