90th General Assembly
Status of HB0275
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   35 ILCS 200/15-65                                                           

        Amends the Property Tax Code.  Includes in the list  of  property      
   granted an exemption based on charitable purposes academic or research      
   institutes  that  qualify  for the charitable purposes exemption under      
   the Internal Revenue Code of 1986 because they operate for the benefit      
   of the  public  by  actually  and  exclusively  performing  scientific      
   research and making the result of the research available to the public      
   on a non-discriminatory basis.                                              
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          35 ILCS 200/15-65                                                    
          Adds reference to:                                                   
          35 ILCS 200/18-165                                                   
        Deletes everything.  Amends the Property Tax Code.  Allows taxing      
   districts to abate any portion of its taxes on an academic or research      
   institute that (i) is an exempt organization under  paragraph  (3)  of      
   Section  501(c)  of  the  Internal Revenue Code, (ii) operates for the      
   benefit  of  the  public  by  actually  and   exclusively   performing      
   scientific  research  and making the results of the research available      
   to the interested public on  a  non-discriminatory  basis,  and  (iii)      
   employs  more  than 100 employees.  Requires the abatement to be for a      
   minimum of 15  years.   States  that  the  maximum  abatement  of  all      
   property   taxes   that   the  institute  receives  shall  not  exceed      
   $5,000,000.  Effective immediately.                                         
   97-01-29  H  FILED WITH CLERK                                               
   97-01-29  H  ADDED AS A JOINT SPONSOR                 MOORE,EUGENE          
   97-01-29  H  FIRST READING                                                  
   97-01-29  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-05  H       ASSIGNED TO COMMITTEE               REVENUE               
   97-03-21  H                             AMENDMENT NO. 01-REVENUE       H    
   97-03-21  H                                   ADOPTED                       
   97-03-21  H  DO PASS AMENDED/SHORT DEBATE             011-000-000   HREV    
   97-03-21  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-04-08  H  SECOND READING-SHORT DEBATE                                    
   97-04-08  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-04-09  H  THIRD READING/SHORT DEBATE/PASSED        117-000-000           
   97-04-10  S  ARRIVE IN SENATE                                               
   97-04-10  S  PLACED CALENDAR ORDER OF FIRST READING                         
   97-04-10  S  CHIEF SPONSOR                            GEO-KARIS             
   97-04-10  S  FIRST READING                                                  
   97-04-10  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   97-04-17  S       ASSIGNED TO COMMITTEE               REVENUE               
   97-04-18  S  SPONSOR REMOVED                          GEO-KARIS             
   97-04-18  S  ALTERNATE CHIEF SPONSOR CHANGED TO       BUTLER                
   97-04-18  S  ADDED AS A CHIEF CO-SPONSOR              GEO-KARIS             
   97-05-01  S       DO PASS                             010-000-000   SREV    
   97-05-01  S  PLACED ON CALENDAR ORDER OF 2ND READING  97-05-06              
   97-05-07  S  SECOND READING                                                 
   97-05-07  S  PLACED ON CALENDAR ORDER OF 3RD READING  97-05-08              
   97-05-08  S  THIRD READING - PASSED                   054-001-001           
   97-05-08  H  PASSED BOTH HOUSES                                             
   97-06-06  H  SENT TO THE GOVERNOR                                           
   97-07-03  H  GOVERNOR APPROVED                                              
   97-07-03  H                            EFFECTIVE DATE 97-07-03              
   97-07-03  H  PUBLIC ACT.............................. 90-0046               


 Full Text  Bill Summary