SB3110 96TH GENERAL ASSEMBLY

LRB096 17636 HLH 32994 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3110

Introduced 2/8/2010, by Sen. J. Bradley Burzynski

SYNOPSIS AS INTRODUCED:

35 ILCS 200/10-110

Amends the Property Tax Code. Makes a technical change in a Section concerning farmland.

A BILL FOR

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 10-110 as follows:

(35 ILCS 200/10-110)

Sec. 10-110. Farmland. The equalized assessed value of a farm, as defined in Section 1-60 and if used as a farm for the the 2 preceding years, except tracts subject to assessment under Section 10-145, shall be determined as described in Sections 10-115 through 10-140. To assure proper implementation of Sections 10-110 through 10-140, the Department may withhold non-farm multipliers for any county other than a county with more than 3,000,000 inhabitants that classifies property for tax purposes.

(Source: P.A. 92-301, eff. 1-1-02.)