State of Illinois
90th General Assembly
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90_HB1910

      35 ILCS 200/15-35
          Amends  the  Property  Tax  Code  by   making   technical
      corrections  in  the  Section  concerning  the  exemption for
      schools.
                                                     LRB9004247KDks
                                               LRB9004247KDks
 1        AN ACT to amend the Property Tax Code by changing Section
 2    15-35.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The Property Tax Code is amended by changing
 6    Section 15-35 as follows:
 7        (35 ILCS 200/15-35)
 8        Sec. 15-35.  Schools.  All property donated by the United
 9    States for school purposes, and all property of schools,  not
10    sold  or  leased  or otherwise used with a view to profit, is
11    exempt, whether owned by a resident or non-resident  of  this
12    State  or  by  a corporation incorporated in any state of the
13    United States.  Also exempt is:
14        (a)  property of  schools  that  which  is  leased  to  a
15    municipality   to   be  used  for  municipal  purposes  on  a
16    not-for-profit basis; ,
17        (b)  property of schools on which the schools are located
18    and any  other  property  of  schools  used  by  the  schools
19    exclusively  for  school purposes, including, but not limited
20    to, student residence halls, dormitories  and  other  housing
21    facilities for students and their spouses and children, staff
22    housing  facilities,  and school-owned and operated dormitory
23    or residence halls occupied in whole or in part  by  students
24    who  belong  to  fraternities,  sororities,  or  other campus
25    organizations; .
26        (c)  property donated,  granted,  received  or  used  for
27    public  school, college, theological seminary, university, or
28    other  educational  purposes,  whether  held  in   trust   or
29    absolutely; and,
30        (d)  in counties with more than 200,000 inhabitants which
31    classify property,  property (including interests in land and
                            -2-                LRB9004247KDks
 1    other  facilities)  on or adjacent to (even if separated by a
 2    public street, alley, sidewalk, parkway or other public  way)
 3    the  grounds  of  a  school,  if  that property is used by an
 4    academic,  research  or  professional   society,   institute,
 5    association  or  organization which serves the advancement of
 6    learning in a field or fields of study taught by  the  school
 7    and which property is not used with a view to profit.
 8    (Source: P.A. 83-1226; 88-455.)

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