Illinois General Assembly - Bill Status for HB7006

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Bill Status of HB7006 93rd General Assembly

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Short Description: PROP TAX-DEVELOPMENT-EXEMPTION

House Sponsors
Rep. Kurt M. Granberg

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-157 new

30 ILCS 805/8.28 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2004, all property of regional economic development corporations that is used exclusively for the charitable and public purpose of creating, facilitating, and encouraging economic development is exempt from property taxation. Defines "economic development corporation" as a not-for-profit corporation that receives more than 75% of its funding from taxing districts. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

House Committee Amendment No. 1

	Deletes reference to:
	35 ILCS 200/15-157 new

30 ILCS 805/8.28 new

	Adds reference to:
	35 ILCS 200/15-155

Deletes everything. Amends the Property Tax Code. Makes a technical change in a Section concerning port districts.

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. John E. Bradley
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
2/19/2004	House	Chief Sponsor Changed to Rep. Kurt M. Granberg
2/24/2004	House	Assigned to Revenue Committee
3/4/2004	House	House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
3/4/2004	House	House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
3/4/2004	House	Do Pass as Amended / Short Debate Revenue Committee; 009-000-000
3/4/2004	House	Placed on Calendar 2nd Reading - Short Debate
3/24/2004	House	Second Reading - Short Debate
3/24/2004	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/2/2004	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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