House Sponsors: NOLAND. Short description: MUNI CD-POOL-ICE RINK-BONDS Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status