Sen. Laura M. Murphy

Filed: 2/27/2018

 

 


 

 


 
10000SB2531sam002LRB100 17133 HLH 36539 a

1
AMENDMENT TO SENATE BILL 2531

2    AMENDMENT NO. ______. Amend Senate Bill 2531 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. Qualified forest property abatement for
8new housing developments.
9    (a) Notwithstanding any other provision of law, the county
10clerk shall abate 10% of the taxes imposed on qualified forest
11property that is part of a proposed new housing development. To
12qualify for the abatement, the owner of the property shall
13obtain approval from the Department of Natural Resources. The
14application for approval shall include a conservation plan
15prepared by an arborist for the property as well as a new
16housing development plan, both submitted by the owner of the

 

 

10000SB2531sam002- 2 -LRB100 17133 HLH 36539 a

1property. Upon approval by the Department of Natural Resources,
2the abatement shall continue as long as the property meets the
3criteria for qualified forest property set forth in this
4Section.
5    (b) As used in this Section:
6    "New housing development plan" means a proposed
7development plan with structures that will be used as a home or
8residence by one or more persons, including but not limited to,
9manufactured homes or multifamily housing.
10    "Qualified forest property" means land of at least one acre
11that: (i) is at least 10% stocked by forest trees of any size;
12(ii) includes forest strips that are at least 120 feet wide;
13(iii) is managed in accordance with a conservation plan
14approved by the Department of Natural Resources under
15subsection (a); and (iv) is not developed for non-forest use as
16of January 1 of the first taxable year of the abatement.
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.".