Illinois General Assembly - Full Text of SB0395
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Full Text of SB0395  97th General Assembly



SB0395 EngrossedLRB097 04207 HLH 44246 b

1    AN ACT concerning revenue.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Property Tax Code is amended by changing
5Section 10-380 as follows:
6    (35 ILCS 200/10-380)
7    Sec. 10-380. For the taxable years 2006 and thereafter ,
82007, 2008, and 2009, the chief county assessment officer in
9the county in which property subject to a PPV Lease is located
10shall apply the provisions of 10-370(b)(i) and 10-375(c)(i) of
11this Division 14 in assessing and determining the value of any
12PPV Lease for purposes of the property tax laws of this State.
13(Source: P.A. 94-974, eff. 6-30-06.)
14    Section 99. Effective date. This Act takes effect upon
15becoming law.