House Sponsors: COWLISHAW-WINKEL. Senate Sponsors: PETERSON-WEAVER Short description: PROPERTY TAXES-NON-FOR-PROFIT Synopsis of Bill as introduced: Amends the Property Tax Code. Makes a technical change in a Section concerning an exemption for certain parking areas. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/15-125 Adds reference to: 35 ILCS 200/18-80 Deletes everything after the enacting clause. Amends the Truth in Taxation Law in the Property Tax Code. Provides that the notice required to be published must be in substantially the form as set forth in the statute (now, must be in the form as set forth in the statute). Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 35 ILCS 200/15-65 30 ILCS 805/8.25 new Further amends the Property Tax Code. Provides that if a not-for-profit organization leases one of 5 types of property that is otherwise eligible for a charitable purpose exemption to an organization that conducts an activity on the leased premises that would entitle the lessee to an exemption from real estate taxes if the lessee were the owner of the property, then the leased property is exempt. Amends the State Mandates Act to require implementation without reimbursement. Last action on Bill: PUBLIC ACT.............................. 92-0382 Last action date: AUG-16-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status