92nd General Assembly
Summary of HB1277
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House Sponsors:

Senate Sponsors:

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


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