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90_SB0324
35 ILCS 200/10-155
Amends the Property Tax Code. Deletes from the list of
land that is considered open space for valuation purposes
private golf courses. Effective immediately.
SDS/bill0002/dgp
SDS/bill00002/dgp
1 AN ACT to amend the Property Tax Code by changing Section
2 10-155.
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 10-155 as follows:
7 (35 ILCS 200/10-155)
8 Sec. 10-155. Open space land; valuation. In all
9 counties, in addition to valuation as otherwise permitted by
10 law, land which is used for open space purposes and has been
11 so used for the 3 years immediately preceding the year in
12 which the assessment is made, upon application under Section
13 10-160, shall be valued on the basis of its fair cash value,
14 estimated at the price it would bring at a fair, voluntary
15 sale for use by the buyer for open space purposes.
16 Land is considered used for open space purposes if it is
17 more than 10 acres in area and:
18 (a) is actually and exclusively used for
19 maintaining or enhancing natural or scenic resources,
20 (b) protects air or streams or water supplies,
21 (c) promotes conservation of soil, wetlands,
22 beaches, or marshes, including ground cover or planted
23 perennial grasses, trees and shrubs and other natural
24 perennial growth, and including any body of water,
25 whether man-made or natural,
26 (d) conserves landscaped areas, such as public or
27 private golf courses,
28 (e) enhances the value to the public of abutting or
29 neighboring parks, forests, wildlife preserves, nature
30 reservations, sanctuaries, or other open spaces, or
31 (f) preserves historic sites.
-2- SDS/bill00002/dgp
1 Land is not considered used for open space purposes if it
2 is used primarily for residential purposes or if it is used
3 as a private golf course.
4 (Source: P.A. 88-455; 89-137, eff. 1-1-96.)
5 Section 99. Effective date. This Act takes effect upon
6 becoming law.