Terms Used In Illinois Compiled Statutes 35 ILCS 200/18-243

  • Extension limitation: means (a) the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters under Section 18-205. See Illinois Compiled Statutes 35 ILCS 200/18-185
  • Statute: A law passed by a legislature.
     The provisions of the Property Tax Extension Limitation Law are severable under Section 1.31 of the Statute on Statutes.