summary
Introduced
01/06/2026
01/06/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district provided a property tax abatement in connection with a decommissioned nuclear power plant in a levy year prior to levy year 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. Provides that, beginning in levy year 2028, if a taxing district provided a property tax abatement in connection with a decommissioned nuclear power plant in the immediately preceding levy year, then the district's aggregate extension base for the applicable levy year 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. Effective immediately.
AI Summary
This bill amends the Property Tax Extension Limitation Law, commonly known as PTELL, which limits how much property tax revenue a taxing district can collect each year. Specifically, it addresses how the "aggregate extension base" is calculated for taxing districts that have provided property tax abatements (reductions in property taxes) for decommissioned nuclear power plants. For levy year 2027, if a taxing district granted such an abatement before 2027 and was already subject to PTELL at that time, its aggregate extension base will be calculated as if the abated amount was still included in its tax extension for the year the abatement was granted. This adjustment will continue for levy year 2028 and subsequent years if an abatement was granted in the immediately preceding year. The bill also states that it takes effect immediately upon becoming law.
Sponsors (1)
Last Action
Referred to Rules Committee (on 01/14/2026)
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