Illinois General Assembly - Full Text of SB1519
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Full Text of SB1519  98th General Assembly


Sen. Michael Connelly

Filed: 2/26/2013





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2    AMENDMENT NO. ______. Amend Senate Bill 1519 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Property Tax Code is amended by adding
5Section 18-184.15 as follows:
6    (35 ILCS 200/18-184.15 new)
7    Sec. 18-184.15. Tool and manufacturing abatement.
8Beginning in taxable year 2014, any taxing district may order
9the county clerk to abate all or a portion of the taxes levied
10by the taxing district on qualified tool and manufacturing
11business property located within the taxing district.
12    "Qualified tool and manufacturing business" means a
13business with (i) fewer than 75 full-time employees and (ii) a
14North American Industrial Classification System (NAICS)
15subsector classification of:
16        Plastics and Rubber Products Manufacturing (326);



09800SB1519sam001- 2 -LRB098 08307 HLH 41293 a

1        Primary Metal Manufacturing (331);
2        Fabricated Metal Product Manufacturing (332);
3        Machinery Manufacturing (333);
4        Computer and Electronic Product Manufacturing (334);
5        Electrical Equipment, Appliance, and Component
6    Manufacturing (335);
7        Transportation Equipment Manufacturing (336);
8        Furniture and Related Product Manufacturing (337); or
9        Miscellaneous Manufacturing (339).
10    "Qualified tool and manufacturing business property" means
11property owned by a qualified tool and manufacturing business
12and used by that business primarily for tool and manufacturing
13business operations. "Qualified tool and manufacturing
14business property" also includes property leased by a qualified
15tool and manufacturing business and used primarily for tool and
16manufacturing business operations if the qualified tool and
17manufacturing business is liable for paying real property taxes
18on the property. Qualified tool and manufacturing business
19property is considered to be used primarily for tool and
20manufacturing business operations if 75% or more of the gross
21revenue of the tool and manufacturing business is generated
22from tool and manufacturing operations that take place on that
23property during the taxable year.
24    Section 99. Effective date. This Act takes effect upon
25becoming law.".