Bill Text: IL HB5102 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that the alternate valuation for wind energy devices applies through 2016 (now, 2011). Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-01-29 - Referred to Rules Committee [HB5102 Detail]

Download: Illinois-2009-HB5102-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB5102 Introduced 1/29/2010, by Rep. Jim Sacia SYNOPSIS AS INTRODUCED:
35 ILCS 200/10-610
Amends the Property Tax Code. Provides that the alternate valuation for wind energy devices applies through 2016 (now, 2011). Effective immediately.
LRB096 18495 HLH 33875 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB5102 LRB096 18495 HLH 33875 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 changing
Section 10-610 as follows:
(35 ILCS 200/10-610)
Sec. 10-610. Applicability.
(a) The provisions of this Division apply for assessment
years 2007 through 2016 2011.
(b) The provisions of this Division do not apply to wind
energy devices that are owned by any person or entity that is
otherwise exempt from taxation under the Property Tax Code.
(Source: P.A. 95-644, eff. 10-12-07.)
Section 99. Effective date. This Act takes effect upon
becoming law.