Bill Title: Amends the Property Tax Code. Provides that the valuation procedures for PPV leases sunsets on January 1, 2056 (currently, January 1, 2016). Provides that the definition of "net operating income" is the same for naval training facilities as it is for other military training facilities. Makes changes concerning the calculation of the fair cash value of a PPV Lease. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0456 [SB1598 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2017-08-28	HTML/Text	Link	View
Enrolled	2017-06-06	HTML/Text	Link	View
Engrossed	2017-04-27	HTML/Text	Link	View
Introduced	2017-02-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2017-05-23	Proposed	HTML/Text	Link	View
Senate Amendment 002	2017-03-08	Proposed	HTML/Text	Link	View
Senate Amendment 001	2017-03-02	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1598 currently on file.