IL HB2849 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, if property is owned by the State, a unit of local government, or a school district and that property is leased to the State, a unit of local government, or a school district, then the property and the leasehold interest are exempt from taxation under the Property Tax Code or under any other law. Further provides that property of schools that is leased to the State, a unit of local government, or a school district (now, only leases to a municipality) for governmental purposes on a not-for-profit basis is exempt and that the leasehold interest is not taxable. Amends the State Mandates Act to require implementation without reimbursement. Provides that the changes made by the amendatory Act apply to taxable years 2010 and thereafter. Provides that the changes also apply to taxable years prior to 2010, but no payments of any such taxes need be refunded. Effective immediately.

Tracking Information

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Title

PROP TX-SCHOOL LEASE EXEMPT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-02-24HouseAssigned to Revenue & Finance Committee
2011-02-22HouseReferred to Rules Committee
2011-02-22HouseFirst Reading
2011-02-18HouseFiled with the Clerk by Rep. Barbara Flynn Currie

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.35New CodeSee Bill Text
3520015-35Amended CodeCitation Text
3520015-57New CodeSee Bill Text
352009-195Amended CodeCitation Text

Illinois State Sources


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