NOLAND. 65 ILCS 5/11-94-1.2 new Amends the Illinois Municipal Code. Provides that the notes and bonds issued for purposes involving natatoriums or swimming pools, indoor or outdoor tennis courts, handball, racquetball, or squash courts, artificial ice skating rinks, golf courses, or any other recreational facility by a municipality, and the income therefrom, shall be free from all taxation by the State or its political subdivisions except for estate, transfer, and inheritance taxes. Effective immediately. HOUSE AMENDMENT NO. 1. Limits the exemption from taxation for bonds and notes to those bonds and notes issued by a municipality with a population of less than 7,500. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE REVENUE 97-03-21 H AMENDMENT NO. 01-REVENUE H 97-03-21 H ADOPTED 97-03-21 H DO PASS AMENDED/SHORT DEBATE 007-002-002 HREV 97-03-21 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-08 H SECOND READING-SHORT DEBATE 97-04-08 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-25 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary