Bill Text: IL HB3151 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Provides that property that is used as a private airport is eligible for open space land valuation. Effective January 1, 2012.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3151 Detail]
Download: Illinois-2011-HB3151-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||
5 | Section 10-155 as follows:
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6 | (35 ILCS 200/10-155)
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7 | Sec. 10-155. Open space land; valuation. In all counties, | ||||||||||||||||||||||||
8 | in
addition to valuation as otherwise permitted by law, land | ||||||||||||||||||||||||
9 | which is used for
open space purposes and has been so used for | ||||||||||||||||||||||||
10 | the 3 years immediately preceding
the year in which the | ||||||||||||||||||||||||
11 | assessment is made, upon application under Section
10-160, | ||||||||||||||||||||||||
12 | shall be valued on the basis of its fair cash value, estimated | ||||||||||||||||||||||||
13 | at the
price it would bring at a fair, voluntary sale for use | ||||||||||||||||||||||||
14 | by the buyer for open
space purposes.
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15 | Land is considered used for open space purposes if it is | ||||||||||||||||||||||||
16 | more than 10 acres
in area and:
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17 | (a) is actually and exclusively used for maintaining or | ||||||||||||||||||||||||
18 | enhancing natural
or scenic resources,
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19 | (b) protects air or streams or water supplies,
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20 | (c) promotes conservation of soil, wetlands, beaches, | ||||||||||||||||||||||||
21 | or marshes,
including ground cover or planted perennial | ||||||||||||||||||||||||
22 | grasses, trees and shrubs and other
natural perennial | ||||||||||||||||||||||||
23 | growth, and including any body of water, whether man-made |
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1 | or
natural,
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2 | (d) conserves landscaped areas, such as public or | ||||||
3 | private golf courses,
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4 | (e) enhances the value to the public of abutting or | ||||||
5 | neighboring parks,
forests, wildlife preserves, nature | ||||||
6 | reservations, sanctuaries, or other open
spaces, or
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7 | (f) preserves historic sites ; or .
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8 | (g) is used as a private airport in a county with less | ||||||
9 | than 3,000,000 inhabitants. | ||||||
10 | Land is not considered used for open space purposes if it | ||||||
11 | is used primarily
for residential purposes. | ||||||
12 | If the land is improved with a water-retention dam that is | ||||||
13 | operated primarily for commercial purposes, the | ||||||
14 | water-retention dam is not considered to be used for open space | ||||||
15 | purposes despite the fact that any resulting man-made lake may | ||||||
16 | be considered to be used for open space purposes under this | ||||||
17 | Section.
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18 | (Source: P.A. 95-70, eff. 1-1-08.)
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19 | Section 99. Effective date. This Act takes effect January | ||||||
20 | 1, 2012.
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