HB2720 amends the Property Tax Extension Limitation Law to exclude special purpose levies for Veterans Assistance Commissions from taxing districts'.
HB2720 amends the Property Tax Extension Limitation Law by modifying the definition of "aggregate extension" to exclude special purpose levies made for the purpose of funding a Veterans Assistance Commission. This change ensures that such levies are not included in the aggregate extension calculations for taxing districts. The bill also includes various definitions and provisions related to property tax extensions, limiting rates, and the calculation of aggregate extension bases.
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