Illinois General Assembly - Full Text of HB4110
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Full Text of HB4110  97th General Assembly


Rep. Patrick J. Verschoore

Adopted in House Comm. on Mar 28, 2012





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2    AMENDMENT NO. ______. Amend House Bill 4110 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Property Tax Code is amended by changing
5Section 15-160 as follows:
6    (35 ILCS 200/15-160)
7    Sec. 15-160. Airport authorities and airports.
8    (a) All property belonging to any Airport Authority and
9used for Airport Authority purposes or leased to another
10entity, which property use would be exempt from taxation under
11this Code if it were owned by the lessee entity, is exempt.
12However, the provision added by Public Act 86-219 shall not
13apply to any property of any Airport Authority located in a
14county with more than 3,000,000 inhabitants. Property acquired
15for airport purposes by an Authority shall remain subject to
16any tax previously levied to pay bonds issued and outstanding



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1on the date of acquisition.
2    (b) Also exempt is any airport or restricted land area or
3other air navigation facility owned, controlled, operated or
4leased by another state or a political subdivision of another
5state under the provisions of Sections 25.01 to 25.04, both
6inclusive, of the "Illinois Aeronautics Act". However if at the
7time of the acquisition of property to be used for public
8airport purposes the city, village, township or school
9district, in which said property is located is indebted for any
10amount for payment of which it provided for the collection of
11taxes, the property acquired for public airport purposes shall
12be subject to taxation for the payment of said indebtedness in
13the same proportion as said property bore to the taxable
14property in said city, village, township or school district
15immediately before the acquisition thereof, according to the
16last assessment for taxation.
17    (c) If property of the Metropolitan Airport Authority of
18Rock Island County is leased to a fixed base operator that
19provides aeronautical services to the public, then those
20leasehold interests are exempt.
21(Source: Laws 1963, p. 1725; P.A. 86-219; 88-455.)".