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90_HB2197
35 ILCS 200/15-35
Amends the Property Tax Code. Makes technical changes in
the Section concerning the exemption for property that is
used for schools or school purposes.
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1 AN ACT to amend the Property Tax Code by changing Section
2 15-35.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 15-35 as follows:
7 (35 ILCS 200/15-35)
8 Sec. 15-35. Schools. All property donated by the United
9 States for school purposes, and all property of schools, not
10 sold or leased or otherwise used with a view to profit, is
11 exempt, whether owned by a resident or non-resident of this
12 State or by a corporation incorporated in any state of the
13 United States. Also exempt is:
14 (a) property of schools that which is leased to a
15 municipality to be used for municipal purposes on a
16 not-for-profit basis,
17 (b) property of schools on which the schools are located
18 and any other property of schools used by the schools
19 exclusively for school purposes, including, but not limited
20 to, student residence halls, dormitories and other housing
21 facilities for students and their spouses and children, staff
22 housing facilities, and school-owned and operated dormitory
23 or residence halls occupied in whole or in part by students
24 who belong to fraternities, sororities, or other campus
25 organizations.
26 (c) property donated, granted, received or used for
27 public school, college, theological seminary, university, or
28 other educational purposes, whether held in trust or
29 absolutely; and,
30 (d) in counties with more than 200,000 inhabitants that
31 which classify property, property (including interests in
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1 land and other facilities) on or adjacent to (even if
2 separated by a public street, alley, sidewalk, parkway or
3 other public way) the grounds of a school, if that property
4 is used by an academic, research or professional society,
5 institute, association or organization that which serves the
6 advancement of learning in a field or fields of study taught
7 by the school and which property is not used with a view to
8 profit.
9 (Source: P.A. 83-1226; 88-455.)