Illinois General Assembly - Full Text of HB0212
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Full Text of HB0212  97th General Assembly

HB0212sam002 97TH GENERAL ASSEMBLY

Sen. Toi W. Hutchinson

Filed: 5/25/2011

 

 


 

 


 
09700HB0212sam002LRB097 02920 HLH 56288 a

1
AMENDMENT TO HOUSE BILL 212

2    AMENDMENT NO. ______. Amend House Bill 212, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
41, by replacing everything from line 21 on page 9 through line
53 on page 10 with the following:
6    "(a) Each taxing district may, by a majority vote of its
7governing authority, order the county clerk to abate any
8portion of its taxes on property that meets the following
9requirements:
10        (1) the property does not qualify as exempt property
11    under Section 15-95 of this Code; and
12        (2) the property is situated in a business corridor
13    created by intergovernmental agreement between 2 adjoining
14    disadvantaged municipalities.
15    An abatement under this Section may not exceed a period of
1610 years.".