Illinois General Assembly - Full Text of HB1302
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Full Text of HB1302  95th General Assembly



State of Illinois
2007 and 2008


Introduced 2/20/2007, by Rep. Angelo Saviano - Dennis M. Reboletti


620 ILCS 65/21

    Amends the O'Hare Modernization Act. Deletes language providing that the city of Chicago's obligation to reimburse school districts and community college districts for lost tax revenue resulting from the city's acquisition of parcels of property for the O'Hare Modernization Program ends with the 2009 taxable year and providing that no reimbursements are payable after January 1, 2010.

LRB095 08370 DRH 28543 b






HB1302 LRB095 08370 DRH 28543 b

1     AN ACT concerning transportation.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The O'Hare Modernization Act is amended by
5 changing Section 21 as follows:
6     (620 ILCS 65/21)
7     Sec. 21. Reimbursement for tax base losses.
8     (a) Whenever the City acquires parcels of property within
9 any school district or community college district for the
10 O'Hare Modernization Program, the City shall, for the following
11 taxable year and for each of the 5 taxable years thereafter,
12 pay to that district the amount of the total property tax
13 liability of the acquired parcels to the district for the 2002
14 taxable year, increased or decreased each year by the
15 percentage change of the district's total tax extension for the
16 current taxable year from the total tax extension for the prior
17 taxable year; provided that no annual increase shall exceed the
18 lesser of 5% or the annual increase in the Consumer Price
19 Index. Funds payable by the City under this Section shall be
20 paid exclusively from non-tax revenues generated at airports
21 owned by the City, and shall not exceed the amount of those
22 funds that can be paid for that purpose under 49 U.S.C.
23 47107(l)(2).



HB1302 - 2 - LRB095 08370 DRH 28543 b

1     (b) Notwithstanding any other provision of this Section:
2 (i) no funds shall be payable by the City under this Section
3 with respect to any taxable year succeeding the 2009 taxable
4 year; (ii) in no event shall such funds be payable on or after
5 January 1, 2010; (iii) in no event shall the total funds paid
6 by the City pursuant to this Section to all districts for all
7 taxable years exceed $20,000,000; and (ii) (iv) any amounts
8 payable to a district by the City with respect to any parcel of
9 property for any taxable year shall be reduced by the amount of
10 taxes actually paid to the district for that taxable year with
11 respect to that parcel or any leasehold interest therein.
12     (c) Whenever the City acquires property that is subject to
13 this Section, the City shall notify the assessor of the county
14 in which the property is located. The assessor or the clerk of
15 that county shall, on an annual basis, notify the affected
16 school district or community college district of all property
17 that has been identified as being subject to this Section, and
18 shall provide the district and the City with such information
19 as may be required in determining the amounts payable by the
20 City under this Section. The City shall make payments as
21 required by this Section no later than 90 days after that
22 information is received and verified by the City.
23     (d) As used in this Section, "Consumer Price Index" means
24 the Consumer Price Index for All Urban Consumers for all items
25 published by the United States Department of Labor.
26 (Source: P.A. 93-450, eff. 8-6-03.)