Public Act 102-0519 (SB 508): An Act Amending the Property Tax Code – What your Entity Needs to Know

On August 20, 2021 Public Act 102-0519 (SB 508) was enacted and beginning with tax levy year 2021, all tax capped taxing district levies will be increased by a prior year adjustment. L&A has put together a newsletter which will outline who is affected by the Act, the timing of the change, and things to consider for the coming tax levy year. Please click on the link below to view the newsletter and learn more about the Act:

Go to Newsletter