HB5102 96TH GENERAL ASSEMBLY

LRB096 18495 HLH 33875 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5102

Introduced 1/29/2010, by Rep. Jim Sacia

SYNOPSIS AS INTRODUCED:

35 ILCS 200/10-610

Amends the Property Tax Code. Provides that the alternate valuation for wind energy devices applies through 2016 (now, 2011). Effective immediately.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Property Tax Code is amended by changing Section 10-610 as follows:

(35 ILCS 200/10-610)

Sec. 10-610. Applicability.

(a) The provisions of this Division apply for assessment years 2007 through 2016 2011.

(b) The provisions of this Division do not apply to wind energy devices that are owned by any person or entity that is otherwise exempt from taxation under the Property Tax Code.

(Source: P.A. 95-644, eff. 10-12-07.)

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