State of Illinois
91st General Assembly
Legislation

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[ Introduced ][ Engrossed ][ Senate Amendment 001 ]

91_HB0371enr

 
HB0371 Enrolled                                LRB9101157MWgc

 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.
10        All  property  owned  by  metropolitan  water reclamation
11    districts  in  counties  with  a  population   greater   than
12    3,000,000  is  exempt.  Any such property leased to an entity
13    that is not exempt shall remain  exempt,  and  the  leasehold
14    interest  of the lessee shall be assessed under Section 9-195
15    of this Code.

16        Section 99.  Effective date.  This Act takes effect  upon
17    becoming law.

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