Rep. Robert W. Pritchard

Filed: 3/7/2018

 

 


 

 


 
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1
AMENDMENT TO HOUSE BILL 4914

2    AMENDMENT NO. ______. Amend House Bill 4914 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by changing
5Section 15-35 as follows:
 
6    (35 ILCS 200/15-35)
7    Sec. 15-35. Schools. All property donated by the United
8States for school purposes, and all property of schools, not
9sold or leased or otherwise used with a view to profit, is
10exempt, whether owned by a resident or non-resident of this
11State or by a corporation incorporated in any state of the
12United States. Also exempt is:
13        (a) property of schools which is leased to a
14    municipality to be used for municipal purposes on a
15    not-for-profit basis;
16        (b) property of schools on which the schools are

 

 

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1    located and any other property of schools used by the
2    schools exclusively for school purposes, including, but
3    not limited to: (1) , student residence halls, dormitories
4    and other housing facilities for students and their spouses
5    and children; (2) , staff housing facilities; (3) , and
6    school-owned and operated dormitory or residence halls
7    occupied in whole or in part by students who belong to
8    fraternities, sororities, or other campus organizations;
9    and (4) dormitories, residence halls, and other housing
10    facilities, whether owned by the school or not, that meet
11    the following criteria:
12            (A) the dormitory, residence hall, or other
13        housing facility is approved by the school;
14            (B) the dormitory, residence hall, or other
15        housing facility is owned and operated by a nonprofit
16        organization; and
17            (C) the dormitory, residence hall, or other
18        housing facility is occupied in whole or in part as
19        living quarters by students who belong to
20        fraternities, sororities, or other campus
21        organizations.
22        (c) property donated, granted, received or used for
23    public school, college, theological seminary, university,
24    or other educational purposes, whether held in trust or
25    absolutely;
26        (d) in counties with more than 200,000 inhabitants

 

 

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1    which classify property, property (including interests in
2    land and other facilities) on or adjacent to (even if
3    separated by a public street, alley, sidewalk, parkway or
4    other public way) the grounds of a school, if that property
5    is used by an academic, research or professional society,
6    institute, association or organization which serves the
7    advancement of learning in a field or fields of study
8    taught by the school and which property is not used with a
9    view to profit;
10        (e) property owned by a school district. The exemption
11    under this subsection is not affected by any transaction in
12    which, for the purpose of obtaining financing, the school
13    district, directly or indirectly, leases or otherwise
14    transfers the property to another for which or whom
15    property is not exempt and immediately after the lease or
16    transfer enters into a leaseback or other agreement that
17    directly or indirectly gives the school district a right to
18    use, control, and possess the property. In the case of a
19    conveyance of the property, the school district must retain
20    an option to purchase the property at a future date or,
21    within the limitations period for reverters, the property
22    must revert back to the school district.
23            (1) If the property has been conveyed as described
24        in this subsection, the property is no longer exempt
25        under this Section as of the date when:
26                (A) the right of the school district to use,

 

 

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1            control, and possess the property is terminated;
2                (B) the school district no longer has an option
3            to purchase or otherwise acquire the property; and
4                (C) there is no provision for a reverter of the
5            property to the school district within the
6            limitations period for reverters.
7            (2) Pursuant to Sections 15-15 and 15-20 of this
8        Code, the school district shall notify the chief county
9        assessment officer of any transaction under this
10        subsection. The chief county assessment officer shall
11        determine initial and continuing compliance with the
12        requirements of this subsection for tax exemption.
13        Failure to notify the chief county assessment officer
14        of a transaction under this subsection or to otherwise
15        comply with the requirements of Sections 15-15 and
16        15-20 of this Code shall, in the discretion of the
17        chief county assessment officer, constitute cause to
18        terminate the exemption, notwithstanding any other
19        provision of this Code.
20            (3) No provision of this subsection shall be
21        construed to affect the obligation of the school
22        district to which an exemption certificate has been
23        issued under this Section from its obligation under
24        Section 15-10 of this Code to file an annual
25        certificate of status or to notify the chief county
26        assessment officer of transfers of interest or other

 

 

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1        changes in the status of the property as required by
2        this Code.
3            (4) The changes made by this amendatory Act of the
4        91st General Assembly are declarative of existing law
5        and shall not be construed as a new enactment; and
6        (f) in counties with more than 200,000 inhabitants
7    which classify property, property of a corporation, which
8    is an exempt entity under paragraph (3) of Section 501(c)
9    of the Internal Revenue Code or its successor law, used by
10    the corporation for the following purposes: (1) conducting
11    continuing education for professional development of
12    personnel in energy-related industries; (2) maintaining a
13    library of energy technology information available to
14    students and the public free of charge; and (3) conducting
15    research in energy and environment, which research results
16    could be ultimately accessible to persons involved in
17    education.
18(Source: P.A. 91-513, eff. 8-13-99; 91-578, eff. 8-14-99;
1992-16, eff. 6-28-01.)
 
20    Section 99. Effective date. This Act takes effect upon
21becoming law.".