Illinois House Bill 5435 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-01-31 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that municipalities and counties may establish manufacturing zones. Provides that, with respect to property that is owned or controlled by the owner or operator of a manufacturing facility that is located within a manufacturing zone, the assessed valuation of any capital investment in the property made by the owner or operator for the purpose of carrying out a manufacturing process for any taxable year in which the manufacturing zone is in effect shall be $0. Effective immediately.

PROP TX-MANUFACTURING ZONES

Rep. Deanne Mazzochi [R]

Date	Chamber	Action
2022-01-31	House	Referred to Rules Committee
2022-01-31	House	First Reading
2022-01-28	House	Filed with the Clerk by Rep. Deanne M. Mazzochi

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-21	New Code	See Bill Text
35	200	10-765	New Code	See Bill Text
35	200	10-770	New Code	See Bill Text
35	200	10-775	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5435&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB5435.htm