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90_SB1319
35 ILCS 200/15-143 new
Amends the Property Tax Code. Provides that property
owned by metropolitan water reclamation districts in counties
with a population greater than 3,000,000 is exempt. Provides
that any such property leased to an entity that is not exempt
shall remain exempt, and the leasehold interest of the lessee
shall be assessed under the Section concerning the leasing of
exempt property.
LRB9008838MWpc
LRB9008838MWpc
1 AN ACT amending the Property Tax Code by adding Section
2 15-143.
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 adding
6 Section 15-143 as follows:
7 (35 ILCS 200/15-143 new)
8 Sec. 15-143. Metropolitan Water Reclamation Districts in
9 counties with a population greater than 3,000,000. All
10 property owned by metropolitan water reclamation districts in
11 counties with a population greater than 3,000,000 is exempt.
12 Any such property leased to an entity that is not exempt
13 shall remain exempt, and the leasehold interest of the lessee
14 shall be assessed under Section 9-195 of this Code.