State of Illinois
91st General Assembly
Legislation

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[ Engrossed ][ Enrolled ][ Senate Amendment 001 ]

91_HB0371

 
                                               LRB9101157MWgc

 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.
10        (a)  All property owned by metropolitan water reclamation
11    districts   in   counties  with  a  population  greater  than
12    3,000,000 is exempt. Any such property leased  to  an  entity
13    that  is  not  exempt  shall remain exempt, and the leasehold
14    interest of the lessee shall be assessed under Section  9-195
15    of this Code.
16        (b)  If  property was leased by the district prior to the
17    effective date of this amendatory Act of 1999  to  an  entity
18    that was not exempt and the property has been restored to the
19    possession and use of the district for a period of at least 6
20    months,  then  any  lien for unpaid real estate taxes against
21    the property and any obligation on the part of  the  district
22    to   pay   those   real   estate   taxes  is  discharged  and
23    extinguished.

24        Section 99.  Effective date.  This Act takes effect  upon
25    becoming law.

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