PROP TAX-DEVELOPMENT-EXEMPTION House SponsorsRep. Kurt M. Granberg 1/11/2005HouseSession Sine Die 35 ILCS 200/15-157 new30 ILCS 805/8.28 new Amends the Property Tax Code. Provides that, beginning in taxable year 2004, all property of regional economic development corporations that is used exclusively for the charitable and public purpose of creating, facilitating, and encouraging economic development is exempt from property taxation. Defines "economic development corporation" as a not-for-profit corporation that receives more than 75% of its funding from taxing districts. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.House Amendment No. 1 Deletes reference to:35 ILCS 200/15-157 new30 ILCS 805/8.28 newAdds reference to:35 ILCS 200/15-155Deletes everything. Amends the Property Tax Code. Makes a technical change in a Section concerning port districts. 2/9/2004HouseFiled with the Clerk by Rep. John E. Bradley 2/9/2004HouseFirst Reading 2/9/2004HouseReferred to Rules Committee 2/19/2004HouseChief Sponsor Changed to Rep. Kurt M. Granberg 2/24/2004HouseAssigned to Revenue Committee 3/4/2004HouseHouse Amendment No. 1 Filed with Clerk by Revenue Committee 3/4/2004HouseHouse Amendment No. 1 Adopted in Revenue Committee; by Voice Vote 3/4/2004HouseDo Pass as Amended / Short Debate Revenue Committee; 009-000-000 3/4/2004HousePlaced on Calendar 2nd Reading - Short Debate 3/24/2004HouseSecond Reading - Short Debate 3/24/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/2/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die