94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0163

 

Introduced 1/11/2005, by Rep. Jim Watson

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-140

    Amends the Property Tax Code. Provides that all property belonging to any water cooperative organized or existing under the General Not For Profit Corporation Act of 1986 is exempt from taxation under the Property Tax Code.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0163 LRB094 05733 BDD 35785 b

1     AN ACT concerning revenue.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Property Tax Code is amended by changing
5 Section 15-140 as follows:
 
6     (35 ILCS 200/15-140)
7     Sec. 15-140. Public water districts, water cooperatives,
8 and water and drainage works. All property belonging to any
9 public water district organized or existing under the Public
10 Water District Act or belonging to any water cooperative
11 organized or existing under the General Not For Profit
12 Corporation Act of 1986 is exempt, as is all property belonging
13 exclusively to any incorporated town, village or city, and used
14 exclusively for conveying water to the incorporated town,
15 village or city, and all property of drainage districts, when
16 used exclusively for pumping water from the ditches and drains
17 of the district for drainage purposes.
18 (Source: Laws 1967, p. 4030; P.A. 88-455.)