HB3210 98TH GENERAL ASSEMBLY

LRB098 06875 HLH 36932 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB3210

Introduced , by Rep. Sam Yingling

SYNOPSIS AS INTRODUCED:

35 ILCS 200/18-184.15 new

Amends the Property Tax Code. Provides that, for tax year 2013 and thereafter, any taxing district, upon a majority vote of its governing authority, may order the county clerk to abate any portion of its taxes on commercial property on which a family-owned business is located. 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 adding Section 18-184.15 as follows:

(35 ILCS 200/18-184.15 new)

Sec. 18-184.15. Family-owned businesses. For tax year 2013 and thereafter, any taxing district, upon a majority vote of its governing authority, may order the county clerk to abate any portion of its taxes on commercial property on which a family-owned business is located.

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