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Rep. Anthony DeLuca
Filed: 3/14/2011
| | 09700HB0503ham001 | | LRB097 03320 HLH 52721 a |
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| 1 | | AMENDMENT TO HOUSE BILL 503
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| 2 | | AMENDMENT NO. ______. Amend House Bill 503 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 15-160 as follows:
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| 6 | | (35 ILCS 200/15-160)
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| 7 | | Sec. 15-160. Airport authorities and airports. All |
| 8 | | property belonging to any
Airport Authority and used for |
| 9 | | Airport Authority purposes or leased to another
entity, which |
| 10 | | property use would be exempt from taxation under this Code if
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| 11 | | it were owned by the lessee entity, is exempt. However, except |
| 12 | | as otherwise provided in this Section, the provision added by
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| 13 | | Public Act 86-219 shall not apply to any property of any |
| 14 | | Airport Authority
located in a county with more than 3,000,000 |
| 15 | | inhabitants. Beginning in tax year 2010, the provisions added |
| 16 | | by Public Act 86-219 shall apply to a Municipal Airport |
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| | 09700HB0503ham001 | - 2 - | LRB097 03320 HLH 52721 a |
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| 1 | | belonging to a municipality with less than 50,000 inhabitants |
| 2 | | located in a county with more than 3,000,000 inhabitants. |
| 3 | | Property acquired
for airport purposes by an Authority shall |
| 4 | | remain subject to any tax previously
levied to pay bonds issued |
| 5 | | and outstanding on the date of acquisition.
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| 6 | | Also exempt is any airport or restricted land area or other |
| 7 | | air navigation
facility owned, controlled, operated or leased |
| 8 | | by another state or a political
subdivision of another state |
| 9 | | under the provisions of Sections 25.01 to 25.04,
both |
| 10 | | inclusive, of the "Illinois Aeronautics Act". However if at the |
| 11 | | time of
the acquisition of property to be used for public |
| 12 | | airport purposes the city,
village, township or school |
| 13 | | district, in which said property is located is
indebted for any |
| 14 | | amount for payment of which it provided for the collection of
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| 15 | | taxes, the property acquired for public airport purposes shall |
| 16 | | be subject to
taxation for the payment of said indebtedness in |
| 17 | | the same proportion as said
property bore to the taxable |
| 18 | | property in said city, village, township or school
district |
| 19 | | immediately before the acquisition thereof, according to the |
| 20 | | last
assessment for taxation.
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| 21 | | (Source: Laws 1963, p. 1725; P.A. 86-219; 88-455.)
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| 22 | | Section 99. Effective date. This Act takes effect upon |
| 23 | | becoming law.".
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