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| [ Introduced ] | [ Enrolled ] | [ House Amendment 001 ] |
91_SB1144eng SB1144 Engrossed 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;and30 (d) in counties with more than 200,000 inhabitants 31 which classify property, property (including interests in SB1144 Engrossed -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.)