Illinois General Assembly - Bill Status for SB0873
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 Bill Status of SB0873  93rd General Assembly

Short Description:  STATE FINANCE ACT-TECH

Senate Sponsors
Sen. Debbie DeFrancesco Halvorson - Emil Jones, Jr. - Christine Radogno - M. Maggie Crotty - Lawrence M. Walsh

House Sponsors
(Rep. John Philip Novak - Joe Dunn)

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/1.1from Ch. 127, par. 137.1


Synopsis As Introduced
Amends the State Finance Act. Makes technical changes in a Section concerning the short title.

Senate Committee Amendment No. 1
Deletes reference to:
30 ILCS 105/1.1
Adds reference to:
30 ILCS 105/5.595 new
30 ILCS 105/6z-59 new
35 ILCS 200/15-55
70 ILCS 605/5-32 new

Deletes everything. Amends the Property Tax Code to exempt the lessee of each parcel of real property in Will County owned by the State of Illinois for the purpose of developing an airport from the payment of property taxes on that property. Provides that, through December 31, 2010, the Department of Transportation shall pay to the Will County Treasurer, from the Tax Recovery Fund (a new Fund created in the State Finance Act into which the State shall deposit all receipts from the lease of this property), on or before July 1 of each year, the amount of rent collected for each parcel during the previous year, which payment shall not exceed, for each parcel, the assessed tax amount for the 2001 property tax year (tax compensation). Amends the State Finance Act to create the Tax Recovery Fund. Effective immediately.

 Fiscal Note (Department of Transportation)
 To date from inception (3/7/02) IDOT has received in rental revenue $197,694.23.

Senate Floor Amendment No. 2
In the Tax Recovery Fund provisions in the State Finance Act, provides that "tax compensation" shall be determined in accordance with provisions in the Property Tax Code governing the taxation of State property that is leased to others. In the Property Tax Code, provides that annually the Will County Treasurer shall distribute a portion of the entire payment by the Illinois Department of Transportation to the Will County Treasurer out of the Tax Recovery Fund for each parcel to the corporate authorities of each taxing district in an amount equal to that taxing district's pro rata share of that parcel's 2001 property tax bill. Provides that the Will County Treasurer shall treat the annual payments as taxes for the limited purpose of distributing the payments in accordance with the Code.

 Fiscal Note (S-AM1) (Dept of Commerce and Community Affairs)
 No fiscal impact on DCCA. The extent of fiscal impact on local governments cannot be determined.

 State Mandates Fiscal Note (S-AM 1 & 2) (Illinois Community College System)
 Under the State Mandates Act, a "State Mandate" means any State-initiated statutory or executive action that requires a unit of local government to establish, expand, or modify its activities in such a way as to necessitate additional expenditures from local revenues. Each community college is considered a unit of local government. Joliet Junior College receives operating revenues from local property taxes. This legislation provides that the State will compensate units of local government for property taxes that would have been collected before the State purchased the land in Will County for the development of an airport. The taxes paid by the State through 2010 will not exceed the assessment made in 2001. The amount that the State is able to pay toward the property taxes can be no more than is generated in leases. There is no estimate on the amount that Joliet Junior College may or may not lose with the transfer of this land to the State for development of an airport.

 State Mandates Fiscal Note (Illinois State Board of Education)
 This legislation does not constitute a State Mandate.

Actions 
DateChamber Action
  2/19/2003SenateFiled with Secretary by Sen. Ira I. Silverstein
  2/19/2003SenateChief Co-Sponsor Sen. Emil Jones, Jr.
  2/19/2003SenateFirst Reading
  2/19/2003SenateReferred to Rules
  3/5/2003SenateAssigned to Executive
  3/5/2003SenateChief Sponsor Changed to Sen. Debbie DeFrancesco Halvorson
  3/6/2003SenateAdded as Chief Co-Sponsor Sen. Christine Radogno
  3/10/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Debbie DeFrancesco Halvorson
  3/10/2003SenateSenate Committee Amendment No. 1 Referred to Rules
  3/11/2003SenateSenate Committee Amendment No. 1 Rules Refers to Executive
  3/12/2003SenateSenate Committee Amendment No. 1 Adopted
  3/13/2003SenateDo Pass as Amended Executive; 012-000-000
  3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003
  3/18/2003SenateAdded as Chief Co-Sponsor Sen. M. Maggie Crotty
  3/18/2003SenateFiscal Note Requested by Sen. Peter J. Roskam; on Committee Amendment No. 1
  3/21/2003SenateFiscal Note Filed
  3/24/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Debbie DeFrancesco Halvorson
  3/24/2003SenateSenate Floor Amendment No. 2 Referred to Rules
  3/24/2003SenateSenate Floor Amendment No. 2 Rules Refers to Executive
  3/25/2003SenateSenate Floor Amendment No. 2 Be Adopted Executive; 011-000-000
  3/25/2003SenateFiscal Note Filed As Amended with Committee Amendment No. 1
  3/25/2003SenateSecond Reading
  3/25/2003SenateSenate Floor Amendment No. 2 Adopted; Halvorson
  3/25/2003SenatePlaced on Calendar Order of 3rd Reading March 26, 2003
  3/26/2003SenateAdded as Chief Co-Sponsor Sen. Lawrence M. Walsh
  4/1/2003SenateState Mandates Fiscal Note Filed as Amended with Committee Amendment No. 1 and Senate Floor Amendment No. 2 from the Illinois Community College Board
  4/2/2003SenateState Mandates Fiscal Note Filed as Amended with Committee Amendment No. 1 and Senate Floor Amendment No. 2 from the Illinois State Board of Education
  4/3/2003SenateThird Reading - Passed; 057-000-001
  4/3/2003HouseArrived in House
  4/8/2003HouseChief House Sponsor Rep. John Philip Novak
  4/8/2003HouseFirst Reading
  4/8/2003HouseReferred to Rules Committee
  4/9/2003HouseAssigned to Revenue Committee
  4/15/2003HouseAdded Alternate Chief Co-Sponsor Rep. Joe Dunn
  6/1/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005SenateSession Sine Die

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