Rep. Anthony DeLuca

Filed: 4/11/2011

 

 


 

 


 
09700HB0503ham002LRB097 03320 HLH 54216 a

1
AMENDMENT TO HOUSE BILL 503

2    AMENDMENT NO. ______. Amend House Bill 503 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by changing
5Section 9-195 and by adding Section 15-161 as follows:
 
6    (35 ILCS 200/9-195)
7    Sec. 9-195. Leasing of exempt property.
8    (a) Except as provided in Sections 15-35, 15-55, 15-60,
915-100, 15-103, 15-161, and 15-185, when property which is
10exempt from taxation is leased to another whose property is not
11exempt, and the leasing of which does not make the property
12taxable, the leasehold estate and the appurtenances shall be
13listed as the property of the lessee thereof, or his or her
14assignee. Taxes on that property shall be collected in the same
15manner as on property that is not exempt, and the lessee shall
16be liable for those taxes. However, no tax lien shall attach to

 

 

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1the exempt real estate. The changes made by this amendatory Act
2of 1997 and by this amendatory Act of the 91st General Assembly
3are declaratory of existing law and shall not be construed as a
4new enactment. The changes made by Public Acts 88-221 and
588-420 that are incorporated into this Section by this
6amendatory Act of 1993 are declarative of existing law and are
7not a new enactment.
8    (b) The provisions of this Section regarding taxation of
9leasehold interests in exempt property do not apply to any
10leasehold interest created pursuant to any transaction
11described in subsection (e) of Section 15-35, subsection (c-5)
12of Section 15-60, subsection (b) of Section 15-100, Section
1315-103, or Section 15-185.
14(Source: P.A. 92-844, eff. 8-23-02; 92-846, eff. 8-23-02;
1593-19, eff. 6-20-03.)
 
16    (35 ILCS 200/15-161 new)
17    Sec. 15-161. Municipal airports and leased property at
18municipal airports. Beginning in tax year 2010, all property of
19a municipal airport belonging to a single municipality with
20less than 50,000 inhabitants in a county with more than
213,000,000 inhabitants is exempt from taxation under this Code.
22Further, beginning in tax year 2010, all property of a
23municipal airport belonging to a single municipality with less
24than 50,000 inhabitants in a county with more than 3,000,000
25inhabitants that is leased to a public or private entity is

 

 

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1exempt from leasehold taxes under this Code.
 
2    Section 99. Effective date. This Act takes effect upon
3becoming law.".