90th General Assembly
Summary of SB0162
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Short description: 
PROP TX-PUBLIC BUILDING-EXEMPT                                             

Synopsis of Bill as introduced:
        Amends the Property  Tax  Code.   Exempts  all  public  buildings      
   belonging  to  any  county,  township,  or  municipality (now, county,      
   township, city, or incorporated town), with the ground  on  which  the      
   building  is  erected.  Changes  references  from  city  or village to      
   municipality. Amends  the  Downstate  Forest  Preserve  District  Act.      
   Allows a forest preserve district to transfer the interest earned from      
   any  moneys  of the district into the fund that is most in need of the      
   income.  Restricts transfers of  interest  income  earned  by  certain      
        SENATE AMENDMENT NO. 1.                                                
        Provides that, for purposes  of  the  Section  concerning  taxing      
   district  property, "municipality" means a municipality as defined in       
   the Illinois Municipal Code.                                                
Last action on Bill: PUBLIC ACT.............................. 90-0176

   Last action date: 97-07-23

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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