PROP TX-PUBLIC BUILDING-EXEMPT
Synopsis of Bill as introduced:
Amends the Property Tax Code. Exempts all public buildings
belonging to any county, township, or municipality (now, county,
township, city, or incorporated town), with the ground on which the
building is erected. Changes references from city or village to
municipality. Amends the Downstate Forest Preserve District Act.
Allows a forest preserve district to transfer the interest earned from
any moneys of the district into the fund that is most in need of the
income. Restricts transfers of interest income earned by certain
SENATE AMENDMENT NO. 1.
Provides that, for purposes of the Section concerning taxing
district property, "municipality" means a municipality as defined in
the Illinois Municipal Code.
Last action on Bill: PUBLIC ACT.............................. 90-0176
Last action date: 97-07-23
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status