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SB334 Enrolled |
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LRB093 04314 SJM 04361 b |
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing |
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| Section 15-125 as follows:
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| (35 ILCS 200/15-125)
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| Sec. 15-125. Parking areas. |
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| (a) Parking areas, not leased
or used for profit other than |
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| those lease or rental agreements subject to subsection (b) of |
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| this Section, when used as a
part of a use for which an |
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| exemption is provided by this Code and owned by
any school |
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| district, non-profit hospital, school, or religious or
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| charitable institution which meets the qualifications for |
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| exemption, are
exempt.
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| (b) Parking areas owned by any religious institution that |
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| meets the qualifications for exemption, when leased or rented |
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| to a mass transportation entity for the limited free parking of |
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| the commuters of the mass transportation entity, are exempt.
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| (Source: Laws 1959, p. 1549, 1554, 2219, and 2224; P.A. |
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| 88-455.)
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| Section 90. The State Mandates Act is amended by adding |
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| Section 8.28 as
follows:
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| (30 ILCS 805/8.28 new)
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| Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8 |
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| of this
Act, no reimbursement by the State is required for the |
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| implementation of
any mandate created by this amendatory Act of |
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| the 93rd General Assembly.
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