Rep. Sam Yingling
Filed: 3/19/2014
 
 

 

 

 
09800HB5646ham001LRB098 17163 HLH 57233 a



1
AMENDMENT TO HOUSE BILL 5646




2    AMENDMENT NO. ______. Amend House Bill 5646 by replacing 
3everything after the enacting clause with the following:

 
 
4    "Section 5. The Property Tax Code is amended  by adding 
5Section 18-184.15 as follows:
 
6    (35 ILCS 200/18-184.15 new)
7    Sec. 18-184.15. Abatement for commercial or industrial 
8facilities.  Any county or municipality may, by a majority vote 
9of its governing body, order the county clerk to abate a 
10portion of the taxes imposed by each taxing district located 
11within that county or municipality on property upon which a 
12commercial or industrial facility has been newly constructed or 
13improved. The total amount of the abatement under this Section 
14shall not exceed the lesser of (i) the amount attributable to 
15the construction or improvements or (ii) $50,000 in each 
16taxable year if the facility is a LEEDS certified facility or a 
 
 
09800HB5646ham001- 2 -LRB098 17163 HLH 57233 a

1facility that will be used to provide direct medical services 
2or $30,000 in each taxable year for all other facilities.  The 
3governing body of the county or municipality shall determine 
4the period of time during which the abatement will apply, which 
5shall not exceed: (i)  10 years if the facility is a LEEDS 
6certified facility or a facility that will be used to provide 
7direct medical services; or (ii)  5 years in the case of all 
8other qualified facilities.  Notwithstanding any other 
9provision of law, no county or municipality may grant an 
10abatement under this Section if the first year of the abatement 
11will be taxable year 2024 or thereafter.".