Extensions allocable to a special tax allocation fund and the amount of taxes abated under Sections 18-165 and 18-170 are not included in the aggregate extension base when computing the limiting rate.
35 ILCS 200/18-235
Tax increment financing districts
Known as the Property Tax Extension Limitation Law
The act spans §§ 35-200-18-185 to 35-200-18-245 (24 sections).
P.A. 87-17; 88-455.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.