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Rep. Patrick J. Verschoore
Adopted in House Comm. on Mar 28, 2012
| | 09700HB4110ham001 | | LRB097 17764 HLH 68005 a |
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| 1 | | AMENDMENT TO HOUSE BILL 4110
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| 2 | | AMENDMENT NO. ______. Amend House Bill 4110 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 15-160 as follows:
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| 6 | | (35 ILCS 200/15-160)
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| 7 | | Sec. 15-160. Airport authorities and airports. |
| 8 | | (a) All property belonging to any
Airport Authority and |
| 9 | | used for Airport Authority purposes or leased to another
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| 10 | | entity, which property use would be exempt from taxation under |
| 11 | | this Code if
it were owned by the lessee entity, is exempt. |
| 12 | | However, the provision added by
Public Act 86-219 shall not |
| 13 | | apply to any property of any Airport Authority
located in a |
| 14 | | county with more than 3,000,000 inhabitants. Property acquired
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| 15 | | for airport purposes by an Authority shall remain subject to |
| 16 | | any tax previously
levied to pay bonds issued and outstanding |
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| | 09700HB4110ham001 | - 2 - | LRB097 17764 HLH 68005 a |
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| 1 | | on the date of acquisition.
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| 2 | | (b) Also exempt is any airport or restricted land area or |
| 3 | | other air navigation
facility owned, controlled, operated or |
| 4 | | leased by another state or a political
subdivision of another |
| 5 | | state under the provisions of Sections 25.01 to 25.04,
both |
| 6 | | inclusive, of the "Illinois Aeronautics Act". However if at the |
| 7 | | time of
the acquisition of property to be used for public |
| 8 | | airport purposes the city,
village, township or school |
| 9 | | district, in which said property is located is
indebted for any |
| 10 | | amount for payment of which it provided for the collection of
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| 11 | | taxes, the property acquired for public airport purposes shall |
| 12 | | be subject to
taxation for the payment of said indebtedness in |
| 13 | | the same proportion as said
property bore to the taxable |
| 14 | | property in said city, village, township or school
district |
| 15 | | immediately before the acquisition thereof, according to the |
| 16 | | last
assessment for taxation.
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| 17 | | (c) If property of the Metropolitan Airport Authority of |
| 18 | | Rock Island County is leased to a fixed base operator that |
| 19 | | provides aeronautical services to the public, then those |
| 20 | | leasehold interests are exempt. |
| 21 | | (Source: Laws 1963, p. 1725; P.A. 86-219; 88-455.)".
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