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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB6179
Introduced 2/11/2010, by Rep. Michael G. Connelly SYNOPSIS AS INTRODUCED:
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35 ILCS 200/18-184.10 new |
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Amends the Property Tax Code. Provides that any taxing district may order the county
clerk to abate all or a portion of the
taxes levied by the taxing district on certain tool and die business property. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB6179 |
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LRB096 17147 HLH 32477 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 18-184.10 as follows:
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| (35 ILCS 200/18-184.10 new) |
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| Sec. 18-184.10. Tool and die abatement. Beginning in |
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| taxable year 2010, any taxing district may order the county
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| clerk to abate all or a portion of the
taxes levied by the |
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| taxing district on qualified tool and die business property |
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| located within the taxing district. |
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| "Qualified tool and die business" means a business (i) with |
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| a North American Industrial Classification System (NAICS) |
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| classification of 332997, 333511, 333512, 333513, 333514, or |
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| 333515 and (ii) with fewer than 75 full-time employees. |
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| "Qualified tool and die business property" means property |
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| owned by a qualified tool and die business and used by that |
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| business primarily for tool and die business operations. |
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| "Qualified tool and die business property" also includes |
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| property leased by a qualified tool and die business and used |
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| primarily for tool and die business operations if the qualified |
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| tool and die business is liable for paying real property taxes |
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| on the property. Qualified tool and die business property is |