State of Illinois
91st General Assembly
Legislation

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[ Engrossed ][ Enrolled ][ House Amendment 001 ]

91_SB1144

 
                                               LRB9106152PTpk

 1        AN ACT to amend the Property Tax Code by changing Section
 2    15-35.

 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 15-35 as follows:

 7        (35 ILCS 200/15-35)
 8        Sec. 15-35.  Schools.  All property donated by the United
 9    States for school purposes, and all property of schools,  not
10    sold  or  leased  or otherwise used with a view to profit, is
11    exempt, whether owned by a resident or non-resident  of  this
12    State  or  by  a corporation incorporated in any state of the
13    United States.  Also exempt is:
14             (a)  property  of  schools  which  is  leased  to  a
15        municipality to be  used  for  municipal  purposes  on  a
16        not-for-profit basis;
17             (b)  property  of  schools  on which the schools are
18        located and any other property of  schools  used  by  the
19        schools  exclusively  for school purposes, including, but
20        not limited to, student residence halls, dormitories  and
21        other  housing  facilities for students and their spouses
22        and children, staff housing facilities, and  school-owned
23        and  operated  dormitory  or  residence halls occupied in
24        whole or in part by students who belong to  fraternities,
25        sororities, or other campus organizations;
26             (c)  property donated, granted, received or used for
27        public school, college, theological seminary, university,
28        or  other  educational purposes, whether held in trust or
29        absolutely; and
30             (d)  in counties with more than 200,000  inhabitants
31        which classify property, property (including interests in
 
                            -2-                LRB9106152PTpk
 1        land  and  other  facilities)  on or adjacent to (even if
 2        separated by a public street, alley, sidewalk, parkway or
 3        other public way)  the  grounds  of  a  school,  if  that
 4        property is used by an academic, research or professional
 5        society,  institute,  association  or  organization which
 6        serves the advancement of learning in a field  or  fields
 7        of  study  taught by the school and which property is not
 8        used with a view to profit; and.
 9             (e)  in counties with more than 200,000  inhabitants
10        which classify property, property of a corporation, which
11        is an exempt entity under paragraph (3) of Section 501(c)
12        of  the  Internal Revenue Code or its successor law, used
13        by the  corporation  for  the  following  purposes:   (1)
14        conducting    continuing   education   for   professional
15        development of personnel  in  energy-related  industries;
16        (2)   maintaining   a   library   of   energy  technology
17        information available to students and the public free  of
18        charge;   and  (3)  conducting  research  in  energy  and
19        environment, which research results could  be  ultimately
20        accessible to persons involved in education.
21    (Source: P.A. 90-655, eff. 7-30-98.)

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