Extension limitation definition

Extension limitation means (a) the lesser of 5% or the
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.
Extension limitation means (a) the lesser oE 5% or the

Examples of Extension limitation in a sentence

  • Extension limitation referendum provisionsA taxing district may determine that it needs more tax revenues than what the inflationary increase allows.

  • Extension limitation referendumSection 18-205 allows taxing district to ask voters to approve a higher inflationary in- crease than the PTELL allows.

  • Extension limitation (i.e., “amount of inflation” or “CPI increase”)The growth in a taxing district’s aggregate extension base (sum of all extensions for funds subject to the PTELL) is limited to 5 percent or the rate of inflation, whichever is less.

  • I.3 Extension limitation when filing a statement of opposition to a protocol application125 In respect of a Protocol application, the Registrar is not permitted, on application made to the Registrar, to extend, under section 47 of the Act, the two-month period referred to in subsection 38(1) of the Act by more than four months.

  • Extension limitation (i.e., “amount of inflation” or “CPI increase”)The growth in a taxing district’s aggregate extension base (sum or all extensions for funds subject to the PTELL) is limited to 5 percent or the rate of inflation, whichever is less.


More Definitions of Extension limitation

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)
Extension limitation means, except as otherwise provided
Extension limitation means, for taxable years prior to
Extension limitation means, for taxable year 2023 and
Extension limitation means (a) the lesser oE 5% or the percentage increase in the consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate oE increase approved by voters under Section 18-205.
Extension limitation. , beginning in levy year 2017, means
Extension limitation. , beginning in levy year 2016, means