Bill Text: IL HB4907 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amend the Property Tax Code. Provides that, beginning in taxable year 2010, land that is used primarily as a vineyard is eligible for open space land valuation. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2010-02-23 - Tabled By Sponsor Rep. Mike Bost [HB4907 Detail]

Download: Illinois-2009-HB4907-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB4907 Introduced 1/15/2010, by Rep. Mike Bost SYNOPSIS AS INTRODUCED:
35 ILCS 200/10-155
Amend the Property Tax Code. Provides that, beginning in taxable year 2010, land that is used primarily as a vineyard is eligible for open space land valuation. Effective immediately.
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FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
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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 changing
Section 10-155 as follows:
(35 ILCS 200/10-155)
Sec. 10-155. Open space land; valuation. In all counties,
in addition to valuation as otherwise permitted by law, land
which is used for open space purposes and has been so used for
the 3 years immediately preceding the year in which the
assessment is made, upon application under Section 10-160,
shall be valued on the basis of its fair cash value, estimated
at the price it would bring at a fair, voluntary sale for use
by the buyer for open space purposes.
Land is considered used for open space purposes if it is
more than 10 acres in area and:
(a) is actually and exclusively used for maintaining or
enhancing natural or scenic resources,
(b) protects air or streams or water supplies,
(c) promotes conservation of soil, wetlands, beaches,
or marshes, including ground cover or planted perennial
grasses, trees and shrubs and other natural perennial
growth, and including any body of water, whether man-made

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or natural,
(d) conserves landscaped areas, such as public or
private golf courses,
(e) enhances the value to the public of abutting or
neighboring parks, forests, wildlife preserves, nature
reservations, sanctuaries, or other open spaces, or
(f) preserves historic sites.
Beginning in taxable year 2010, land is also considered
used for open space purposes if it is used primarily as a
vineyard.
Land is not considered used for open space purposes if it
is used primarily for residential purposes.
If the land is improved with a water-retention dam that is
operated primarily for commercial purposes, the
water-retention dam is not considered to be used for open space
purposes despite the fact that any resulting man-made lake may
be considered to be used for open space purposes under this
Section.
(Source: P.A. 95-70, eff. 1-1-08.)
Section 99. Effective date. This Act takes effect upon
becoming law.