HB4289

HB4289 amends the Property Tax Extension Limitation Law to adjust tax extension bases for certain taxing districts.

HB4289 amends the Property Tax Extension Limitation Law in the Property Tax Code. It specifies that if a taxing district provided a property tax abatement in connection with a decommissioned nuclear power plant in a levy year prior to 2027, and the taxing district was subject to the Property Tax Extension Limitation Law in that prior levy year, then, for levy year 2027, the district's aggregate extension base shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement.