[ Search ] [ Legislation ] [ Bill Summary ]
[ Home ] [ Back ] [ Bottom ]
| [ Introduced ] | [ Enrolled ] | [ House Amendment 001 ] |
| [ Senate Amendment 001 ] | [ Senate Amendment 002 ] |
90_HB3575eng
35 ILCS 200/15-95
Amends the Property Tax Code. Provides that for purposes
of the exemption provided for housing authorities under the
Code, privately owned property or a portion thereof that is
used for low rent housing and related uses by a housing
authority, as prescribed in a lease agreement in effect for
at least 20 years between the owner of the property and the
housing authority, shall be deemed property of the housing
authority for as long as the property or portion thereof is
used for low rent housing or related uses by the housing
authority. Effective immediately.
LRB9010916KDks
HB3575 Engrossed LRB9010916KDks
1 AN ACT to amend the Property Tax Code by changing Section
2 15-95.
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 15-95 as follows:
7 (35 ILCS 200/15-95)
8 Sec. 15-95. Housing authorities. All property of housing
9 authorities created under the Housing Authorities Act is
10 exempt, if the property and improvements are used for low
11 rent housing and related uses. However, property or portions
12 thereof intended or used for stores or other commercial
13 purposes are not exempt. Nothing in this Section herein shall
14 exempt property of housing authorities or any part thereof
15 from special assessments or special taxation for local
16 improvements. Nothing contained in this Section shall be
17 construed as limiting the power of any political subdivision
18 of this State to sell or furnish a housing authority with
19 water, electricity, gas, or other services and facilities
20 under the same basis that those services and facilities are
21 rendered to others under similar circumstances.
22 (Source: Laws 1959, p. 1549, 1554, 2219, and 2224; P.A.
23 88-455.)