94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2166


 
Introduced 1/4/2006, by Sen. David Luechtefeld
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 200/10-148 new










    Amends the Property Tax Code. Provides that, beginning with the 2005 assessment year, wooded land must be assessed at the same level as its 2004 assessment level. Defines "wooded land" as any parcel of unimproved real property that is timberland and that: (1) does not qualify as cropland, permanent pasture, other farmland, or wasteland; and (2) is not managed under a forestry management plan so as to be considered as "other farmland". Effective immediately.
















LRB094 15453 BDD 50648 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB2166

LRB094 15453 BDD 50648 b






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    AN ACT concerning revenue.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by adding 
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Section 10-148 as follows:
 
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    (35 ILCS 200/10-148  new)
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    Sec. 10-148. Assessment of wooded land.
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    (a) Beginning with the 2005 assessment year, wooded land 
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must be assessed at the same level as its 2004 assessment 
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level.
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    (b) For the purpose of this Section, "wooded land" means 
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any parcel of unimproved real property that:
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        (1) does not qualify as cropland, permanent pasture, 
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    other farmland, or wasteland under Section 10-125; and
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        (2) is not managed under a forestry management plan and 
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    considered to be other farmland under Section 10-150.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.