Illinois General Assembly - Bill Status for HB0880

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Bill Status of HB0880 101st General Assembly

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Short Description: PROPERTY TAX-AIRPORT PROPERTY

House Sponsors
Rep. Margo McDermed - Lindsay Parkhurst and Natalie A. Manley

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/6z-59

35 ILCS 200/15-55

70 ILCS 605/5-2

from Ch. 42, par. 5-2

Synopsis As Introduced
Amends the State Finance Act. Provides that, beginning on January 1, 2028 (currently, January 1, 2021), moneys received from the rental of land, buildings, or improvements on property held for the development of an airport in Will County by the Department of Transportation shall be paid into the General Revenue Fund instead of the Tax Recovery Fund. Amends the Property Tax Code. Provides that, with respect to real property in Will County owned by the State for the purpose of developing an airport, payments made to compensate taxing districts for leasehold taxes shall be calculated based on the 2019 property tax year (currently, 2002). Effective immediately.

Actions

Date	Chamber	Action
1/24/2019	House	Filed with the Clerk by Rep. Margo McDermed
1/28/2019	House	First Reading
1/28/2019	House	Referred to Rules Committee
2/5/2019	House	Assigned to Revenue & Finance Committee
2/11/2019	House	Added Chief Co-Sponsor Rep. Lindsay Parkhurst
2/14/2019	House	To Property Tax Subcommittee
3/26/2019	House	Added Co-Sponsor Rep. Natalie A. Manley
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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