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Sen. Patrick J. Joyce
Filed: 4/5/2024
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| 1 | | AMENDMENT TO SENATE BILL 808
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 808 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 18-184.15 as follows:
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| 6 | | (35 ILCS 200/18-184.15) |
| 7 | | Sec. 18-184.15. REV Illinois project facilities for |
| 8 | | electric vehicles, electric vehicle component parts, or |
| 9 | | electric vehicle power supply equipment; abatement. |
| 10 | | (a) Any taxing district, upon a majority vote of its |
| 11 | | governing body, may, after determination of the assessed value |
| 12 | | as set forth in this Code, order the clerk of the appropriate |
| 13 | | municipality or county to abate, for a period not to exceed 30 |
| 14 | | consecutive tax years, any portion of real property taxes |
| 15 | | otherwise levied or extended by the taxing district on a REV |
| 16 | | Illinois Project facility owned by an electric vehicle |
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| | 10300SB0808sam002 | - 2 - | LRB103 03264 HLH 71939 a |
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| 1 | | manufacturer, electric vehicle component parts manufacturer, |
| 2 | | renewable energy manufacturer, or an electric vehicle power |
| 3 | | supply manufacturer that is subject to an agreement with the |
| 4 | | Department of Commerce and Economic Opportunity under Section |
| 5 | | 45 of the Reimagining Energy and Vehicles in Illinois Act, |
| 6 | | during the period of time such agreement is in effect as |
| 7 | | specified by the Department of Commerce and Economic |
| 8 | | Opportunity. |
| 9 | | (b) Two or more taxing districts, upon a majority vote of |
| 10 | | each of their respective governing bodies, may agree to abate, |
| 11 | | for a period not to exceed 30 consecutive tax years, a portion |
| 12 | | of the real property taxes otherwise levied or extended by |
| 13 | | those taxing districts on a REV Illinois Project facility |
| 14 | | owned by an electric vehicle manufacturer, electric vehicle |
| 15 | | component parts manufacturer, renewable energy manufacturer, |
| 16 | | or electric vehicle power supply manufacturer that is subject |
| 17 | | to an agreement with the Department of Commerce and Economic |
| 18 | | Opportunity under Section 45 of the Reimagining Energy and |
| 19 | | Vehicles in Illinois Act. The agreement shall be filed with |
| 20 | | the county clerk who shall, for the period the agreement |
| 21 | | remains in effect, abate the portion of the real estate taxes |
| 22 | | levied or extended by those taxing districts as directed in |
| 23 | | the agreement. Any such agreement entered into by 2 or more |
| 24 | | taxing districts before the effective date of this amendatory |
| 25 | | Act of the 103rd General Assembly that is not inconsistent |
| 26 | | with the provisions of this subsection (b) is hereby declared |