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Sen. Toi W. Hutchinson
Filed: 5/25/2011
| | 09700HB0212sam002 | | LRB097 02920 HLH 56288 a |
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| 1 | | AMENDMENT TO HOUSE BILL 212
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| 2 | | AMENDMENT NO. ______. Amend House Bill 212, AS AMENDED, |
| 3 | | with reference to page and line numbers of Senate Amendment No. |
| 4 | | 1, by replacing everything from line 21 on page 9 through line |
| 5 | | 3 on page 10 with the following:
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| 6 | | "(a) Each taxing district may, by a majority vote of its |
| 7 | | governing authority, order the county clerk to abate any |
| 8 | | portion of its taxes on property that meets the following |
| 9 | | requirements: |
| 10 | | (1) the property does not qualify as exempt property |
| 11 | | under Section 15-95 of this Code; and |
| 12 | | (2) the property is situated in a business corridor |
| 13 | | created by intergovernmental agreement between 2 adjoining |
| 14 | | disadvantaged municipalities. |
| 15 | | An abatement under this Section may not exceed a period of |
| 16 | | 10 years.".
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