Bill Text: IL HB3912 | 2009-2010 | 96th General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. Provides that, beginning with the 2009 taxable year, all barns that were first placed in service more than 75 years before the first day of the taxable year and are located in areas zoned for agriculture shall have an assessed value of zero. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB3912 Detail]

Download: Illinois-2009-HB3912-Introduced.html

---

96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB3912 Introduced 2/26/2009, by Rep. Rich Brauer SYNOPSIS AS INTRODUCED:
35 ILCS 200/10-146 new
Amends the Property Tax Code. Provides that, beginning with the 2009 taxable year, all barns that were first placed in service more than 75 years before the first day of the taxable year and are located in areas zoned for agriculture shall have an assessed value of zero. Effective immediately.
LRB096 11722 HLH 22444 b
HOME RULE NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB3912 LRB096 11722 HLH 22444 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 10-146 as follows:
(35 ILCS 200/10-146 new)
Sec. 10-146. Valuation of barns that are more than 75 years
old and located in areas zoned for agriculture.
(a) Beginning with the 2009 taxable year, all barns that
were first placed in service more than 75 years before the
first day of the taxable year and are located in areas zoned
for agriculture shall have an assessed value of zero.
(b) For purposes of this Section, "barn" means an
agricultural structure, in whatever shape or design, that is
used for the storage of farm products or feed or for the
housing of farm animals or farm equipment.
Section 99. Effective date. This Act takes effect upon
becoming law.