Rep. Patrick J. Verschoore

Filed: 3/28/2012





09700HB4110ham002LRB097 17764 JDS 68225 a


2    AMENDMENT NO. ______. Amend House Bill 4110, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, as follows:
5on page 1, line 5, by replacing "Section 15-160" with "Sections
69-195 and 15-160"; and
7on page 1, immediately below line 5, by inserting the
9    "(35 ILCS 200/9-195)
10    Sec. 9-195. Leasing of exempt property.
11    (a) Except as provided in Sections 15-35, 15-55, 15-60,
1215-100, 15-103, 15-160, and 15-185, when property which is
13exempt from taxation is leased to another whose property is not
14exempt, and the leasing of which does not make the property
15taxable, the leasehold estate and the appurtenances shall be



09700HB4110ham002- 2 -LRB097 17764 JDS 68225 a

1listed as the property of the lessee thereof, or his or her
2assignee. Taxes on that property shall be collected in the same
3manner as on property that is not exempt, and the lessee shall
4be liable for those taxes. However, no tax lien shall attach to
5the exempt real estate. The changes made by this amendatory Act
6of 1997 and by this amendatory Act of the 91st General Assembly
7are declaratory of existing law and shall not be construed as a
8new enactment. The changes made by Public Acts 88-221 and
988-420 that are incorporated into this Section by this
10amendatory Act of 1993 are declarative of existing law and are
11not a new enactment.
12    (b) The provisions of this Section regarding taxation of
13leasehold interests in exempt property do not apply to any
14leasehold interest created pursuant to any transaction
15described in subsection (e) of Section 15-35, subsection (c-5)
16of Section 15-60, subsection (b) of Section 15-100, Section
1715-103, Section 15-160, or Section 15-185.
18(Source: P.A. 92-844, eff. 8-23-02; 92-846, eff. 8-23-02;
1993-19, eff. 6-20-03.)"; and
20on page 2, line 20, immediately after "interests" by inserting
21"and any improvements thereon".