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| [ Senate Amendment 001 ] |
91_HB1987
LRB9103274PTpk
1 AN ACT to amend the Property Tax Code by changing Section
2 1-130.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 1-130 as follows:
7 (35 ILCS 200/1-130)
8 Sec. 1-130. Property; real property; real estate; land;
9 tract; lot. The land itself, with all things contained
10 therein, and also all buildings, structures and improvements,
11 and other permanent fixtures thereon, including all oil, gas,
12 coal and other minerals in the land and the right to remove
13 oil, gas and other minerals, excluding coal, from the land,
14 and all rights and privileges belonging or pertaining
15 thereto, except where otherwise specified by this Code.
16 Included therein is any vehicle or similar portable structure
17 used or so constructed as to permit its use as a dwelling
18 place, if the structure is resting in whole on a permanent
19 foundation. Not included therein are low income housing tax
20 credits authorized by Section 42 of the Internal Revenue
21 Code, 26 U.S.C. 42.
22 (Source: P.A. 86-1481; 87-877; 88-455.)
23 Section 99. Effective date. This Act takes effect upon
24 becoming law.