SB2898 amends the Property Tax Extension Limitation Law to adjust tax extension bases for certain taxing districts.
SB2898 amends the Property Tax Extension Limitation Law by adjusting the tax extension bases for specific taxing districts. It sets the aggregate extension base for West Northfield School District No. 31 in Cook County at $12,654,592 for levy year 2012 and for Homewood School District No. 153 at $19,535,377 for levy year 2023. The bill also specifies conditions under which certain tax extensions apply, including extensions for bond payments, redevelopment projects, and special purpose extensions.
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