Rep. Michael J. Zalewski

Filed: 5/16/2018

 

 


 

 


 
10000SB0849ham001LRB100 08073 HLH 40210 a

1
AMENDMENT TO SENATE BILL 849

2    AMENDMENT NO. ______. Amend Senate Bill 849 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by changing
5Section 15-155 as follows:
 
6    (35 ILCS 200/15-155)
7    Sec. 15-155. Port districts. All property belonging to the
8the Chicago Regional Port District or any other port district
9created by the legislature of this State is exempt. However, a
10tax may be levied upon a lessee of such property based on the
11value of a leasehold estate separate and apart from the fee, or
12upon improvements constructed and owned by others than the Port
13District.
14(Source: Laws 1961, p. 3370; P.A. 88-455.)".