093_SB1474sam002
LRB093 04111 SJM 14100 a
1 AMENDMENT TO SENATE BILL 1474
2 AMENDMENT NO. . Amend Senate Bill 1474, AS AMENDED,
3 by replacing everything after the enacting clause with the
4 following:
5 "Section 5. The Property Tax Code is amended by changing
6 Section 15-95 as follows:
7 (35 ILCS 200/15-95)
8 Sec. 15-95. Housing authorities; low-rent and public
9 housing. All property of housing authorities created under
10 the Housing Authorities Act is exempt, if the property and
11 improvements are used for low rent housing and related uses.
12 In addition, residential rental units situated in a
13 municipality with 1,000,000 or more inhabitants that
14 constitute public housing as defined in Section 3(b) of the
15 United States Housing Act of 1937, as amended from time to
16 time, and any successor legislation thereto, whether or not
17 the property of a housing authority, subject to a leasing
18 agreement, regulatory and operating agreement, or similar
19 instrument with a housing authority created under the Housing
20 Authorities Act are exempt if those residential rental units
21 are used solely for public housing and related uses. However,
22 property or portions thereof intended or used for stores or
-2- LRB093 04111 SJM 14100 a
1 other commercial purposes are not exempt. Nothing herein
2 shall exempt property of housing authorities or any part
3 thereof from special assessments or special taxation for
4 local improvements. Nothing contained in this Section shall
5 be construed as limiting the power of any political
6 subdivision of this State to sell or furnish a housing
7 authority with water, electricity, gas, or other services and
8 facilities under the same basis that those services and
9 facilities are rendered to others under similar
10 circumstances.
11 (Source: Laws 1959, p. 1549, 1554, 2219, and 2224; P.A.
12 88-455.)
13 Section 99. Effective date. This Act takes effect upon
14 becoming law.".