101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1248

 

Introduced 2/6/2019, by Sen. Laura M. Murphy

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-184.15 new

    Amends the Property Tax Code. Provides that the county clerk shall abate 10% of the taxes imposed on qualified forest property that is part of a proposed new housing development. Provides that the owner of the property shall obtain approval from the Department of Natural Resources and shall submit a conservation plan and a new housing development plan to the Department of Natural Resources. Provides that "qualified forest property" means land of at least one acre that: (i) is at least 10% stocked by forest trees of any size; (ii) includes forest strips that are at least 120 feet wide; (iii) is managed in accordance with a conservation plan approved by the Department of Natural Resources; and (iv) is not developed for non-forest use as of January 1 of the first taxable year of the abatement. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1248LRB101 07925 HLH 52980 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
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
17property. Upon approval by the Department of Natural Resources,
18the abatement shall continue as long as the property meets the
19criteria for qualified forest property set forth in this
20Section.
21    (b) As used in this Section:
22    "New housing development plan" means a proposed
23development plan with structures that will be used as a home or

 

 

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1residence by one or more persons, including but not limited to,
2manufactured homes or multifamily housing.
3    "Qualified forest property" means land of at least one acre
4that: (i) is at least 10% stocked by forest trees of any size;
5(ii) includes forest strips that are at least 120 feet wide;
6(iii) is managed in accordance with a conservation plan
7approved by the Department of Natural Resources under
8subsection (a); and (iv) is not developed for non-forest use as
9of January 1 of the first taxable year of the abatement.
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.