State of Illinois
90th General Assembly
Legislation

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[ Engrossed ][ Senate Amendment 001 ]

90_SB0535

      35 ILCS 200/15-143 new
          Amends the Property Tax  Code.   Provides  that  property
      owned by metropolitan water reclamation districts in counties
      with  a  population  greater  than  3,000,000  is  exempt for
      purposes of taxing leased property.  Provides that a tax  may
      be  levied  upon  a lessee of the district's property or upon
      any improvements constructed  and  owned  by  individuals  or
      entities different from the district.
                                                     LRB9001768MWpc
                                               LRB9001768MWpc
 1        AN  ACT  amending the Property Tax Code by adding Section
 2    15-143.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.   The  Property Tax Code is amended by adding
 6    Section 15-143 as follows:
 7        (35 ILCS 200/15-143 new)
 8        Sec. 15-143.  Metropolitan Water Reclamation Districts in
 9    counties  with  a  population  greater  than  3,000,000.  All
10    property  belonging   to   metropolitan   water   reclamation
11    districts   in   counties  with  a  population  greater  than
12    3,000,000 is exempt for the purposes of Section 9-195.  A tax
13    may be levied upon a  lessee  of  such  a  water  reclamation
14    district's    property  by reason of the value of a leasehold
15    estate  separate  and  apart  from  the  fee  and  upon   any
16    improvements that are constructed and owned by individuals or
17    entities  different  from  the metropolitan water reclamation
18    district, as provided in Section 9-195.

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