97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0088

 

Introduced 1/12/2011, by Rep. Timothy L. Schmitz

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-125

    Amends the Property Tax Code. Provides a property tax exemption for parking areas owned by any religious institution that meets the qualifications for exemption if the parking area is leased or rented to a municipality for free public parking. Effective immediately.


LRB097 05173 HLH 45220 b

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

 

 

A BILL FOR

 

HB0088LRB097 05173 HLH 45220 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 15-125 as follows:
 
6    (35 ILCS 200/15-125)
7    Sec. 15-125. Parking areas.
8    (a) Parking areas, not leased or used for profit other than
9those lease or rental agreements subject to subsection (b) of
10this Section, when used as a part of a use for which an
11exemption is provided by this Code and owned by any school
12district, non-profit hospital, school, or religious or
13charitable institution which meets the qualifications for
14exemption, are exempt.
15    (b) Parking areas owned by any religious institution that
16meets the qualifications for exemption, when leased or rented
17to a mass transportation entity for the limited free parking of
18the commuters of the mass transportation entity, are exempt.
19    (c) Parking areas owned by any religious institution that
20meets the qualifications for exemption, when leased or rented
21to a municipality for the purpose of providing free public
22parking, are exempt.
23(Source: P.A. 93-1038, eff. 6-1-05.)
 

 

 

HB0088- 2 -LRB097 05173 HLH 45220 b

1    Section 99. Effective date. This Act takes effect upon
2becoming law.