Illinois HB5371 amends the Property Tax Extension Limitation Law to include the City of Chicago as a taxing district and preempts home rule powers.
HB5371 amends the Property Tax Extension Limitation Law in the Property Tax Code to redefine "taxing district" to include the City of Chicago. It also preempts home rule powers, limiting local governments' ability to set their own tax rates. The bill takes effect immediately upon becoming law.
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