92nd General Assembly
Status of SB0173
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PHILIP.

(DART)

   35 ILCS 200/10-355 new                                                      
   30 ILCS 805/8.25 new                                                        

        Amends the Property Tax Code.  Provides  that,  for  the  taxable      
   year  2002  and  thereafter, the assessed value of real property owned      
   and used by certain  fraternal  organizations,  or  their  subordinate      
   organizations  or  entities,  that  are  exempt entities under Section      
   501(c)(8) of the Internal  Revenue  Code  and  whose  members  provide      
   support  for charitable works shall be established by the chief county      
   assessment officer at 15% of the final assessed value of the  property      
   for   the   assessment  year  2001,  or  if  the  property  meets  the      
   qualifications for the reduced assessment after assessment year  2002,      
   the  final  assessed value shall be 15% of the final assessed value of      
   the property for the assessment year in which the property first meets      
   the qualifications.  Effective January 1, 2002.                             
        SENATE AMENDMENT NO. 1.                                                
        Provides that the fraternal organization for which the exemption       
   is allowed is a fraternal organization, or its subordinate organiza-        
   tion or entity, that was chartered in Illinois in July of 1896 and is       
   an exempt entity under Section 501(c)(8) of the Internal Revenue Code       
   (now, a fraternal organization, or its subordinate organization or          
   entity, that is an exempt entity under Section 501(c)(8) of the Inter-      
   nal Revenue Code and whose members provide, directly or indirectly,         
   financial support for charitable works, which may include medical           
   care, drug rehabilitation, or education).                                   
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-21-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-28-2001  S                             AMENDMENT NO. 01-REVENUE       S    
   MAR-28-2001  S                                   ADOPTED                       
   MAR-29-2001  S       DO PASS AS AMENDED                  008-001-000   SREV    
   MAR-29-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-30              
   MAR-30-2001  S  SECOND READING                                                 
   MAR-30-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-02              
   APR-04-2001  S  THIRD READING - PASSED                   054-000-001           
   APR-04-2001  H  ARRIVE IN HOUSE                                                
   APR-04-2001  H  HOUSE SPONSOR                            DART                  
   APR-04-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   APR-05-2001  H  FIRST READING                                                  
   APR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAY-03-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



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