97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3151

 

Introduced 2/24/2011, by Rep. Ron Stephens

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/10-155

    Amends the Property Tax Code. Provides that property that is used as a private airport is eligible for open space land valuation. Effective January 1, 2012.


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

 

 

A BILL FOR

 

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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 changing
5Section 10-155 as follows:
 
6    (35 ILCS 200/10-155)
7    Sec. 10-155. Open space land; valuation. In all counties,
8in addition to valuation as otherwise permitted by law, land
9which is used for open space purposes and has been so used for
10the 3 years immediately preceding the year in which the
11assessment is made, upon application under Section 10-160,
12shall be valued on the basis of its fair cash value, estimated
13at the price it would bring at a fair, voluntary sale for use
14by the buyer for open space purposes.
15    Land is considered used for open space purposes if it is
16more than 10 acres in area and:
17        (a) is actually and exclusively used for maintaining or
18    enhancing natural or scenic resources,
19        (b) protects air or streams or water supplies,
20        (c) promotes conservation of soil, wetlands, beaches,
21    or marshes, including ground cover or planted perennial
22    grasses, trees and shrubs and other natural perennial
23    growth, and including any body of water, whether man-made

 

 

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1    or natural,
2        (d) conserves landscaped areas, such as public or
3    private golf courses,
4        (e) enhances the value to the public of abutting or
5    neighboring parks, forests, wildlife preserves, nature
6    reservations, sanctuaries, or other open spaces, or
7        (f) preserves historic sites; or .
8        (g) is used as a private airport in a county with less
9    than 3,000,000 inhabitants.
10    Land is not considered used for open space purposes if it
11is used primarily for residential purposes.
12    If the land is improved with a water-retention dam that is
13operated primarily for commercial purposes, the
14water-retention dam is not considered to be used for open space
15purposes despite the fact that any resulting man-made lake may
16be considered to be used for open space purposes under this
17Section.
18(Source: P.A. 95-70, eff. 1-1-08.)
 
19    Section 99. Effective date. This Act takes effect January
201, 2012.