Bill Text: IL HB4044 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, notwithstanding any other provision of law to the contrary, of the property taxes levied on the James R. Thompson Center, all revenue received shall be paid to Chicago public schools and not to any other unit of government. Effective immediately.

Sponsorship: Partisan Bill (Republican 2)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4044 Detail]

Download: Illinois-2017-HB4044-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB4044 Introduced , by Rep. Jim Durkin SYNOPSIS AS INTRODUCED:
35 ILCS 200/24-40 new
Amends the Property Tax Code. Provides that, notwithstanding any other provision of law to the contrary, of the property taxes levied on the James R. Thompson Center, all revenue received shall be paid to Chicago public schools and not to any other unit of government. Effective immediately.
LRB100 12646 AXK 25965 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB4044 LRB100 12646 AXK 25965 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 24-40 as follows:
(35 ILCS 200/24-40 new)
Sec. 24-40. James R. Thompson Center. Notwithstanding any
other provision of law to the contrary, including, but not
limited to, the Special Service Area Tax Law and the Tax
Increment Allocation Redevelopment Act, of the property taxes
levied on the real property known as the James R. Thompson
Center, bounded by Lake, Clark, Randolph, and LaSalle Streets
in the City of Chicago, with an address of 100 West Randolph
Street, all revenue received shall be paid to Chicago public
schools and not to any other unit of government.
Section 99. Effective date. This Act takes effect upon
becoming law.