Revenue Committee
Filed: 2/16/2006
 
 

 




 

 		












09400HB4175ham001

LRB094 14779 BDD 55650 a






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AMENDMENT TO HOUSE BILL 4175 




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    AMENDMENT NO. ______. Amend House Bill 4175 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The Property Tax Code is amended  by adding 
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Section 10-148 as follows:
 
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    (35 ILCS 200/10-148  new)
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    Sec. 10-148. Assessment of wooded land.
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    (a) If, during the 2005 taxable year, any parcel of wooded 
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land was valued based upon its productivity index equalized 
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assessed value as cropland, then the Department of Revenue must 
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accept any similar valuation of that wooded land for the 2006 
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and 2007 taxable years.
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    (b) For the purpose of this Section, "wooded land" means

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any parcel of unimproved real property that: (i) does not

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qualify as cropland, permanent pasture, other farmland, or

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wasteland under Section 10-125 of the Property Tax Code; and 
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(ii) is not managed under a
forestry management plan and 
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considered to be other farmland
under Section 10-150 of the 
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Property Tax Code.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".