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91_HB4370
LRB9111393SMdv
1 AN ACT concerning property taxes, amending named Acts.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Property Tax Code is amended by changing
5 Sections 15-105 and 18-165 as follows:
6 (35 ILCS 200/15-105)
7 Sec. 15-105. Park and conservation districts.
8 (a) All property within a park or conservation district
9 with 2,000,000 or more inhabitants and owned by that district
10 is exempt, as is all property located outside the district
11 but owned by it and used as a nursery, garden, or farm for
12 the growing of shrubs, trees, flowers and plants for use in
13 beautifying, maintaining and operating playgrounds, parks,
14 parkways, public grounds, and buildings owned or controlled
15 by the district.
16 (b) All property belonging to any park or conservation
17 district with less than 2,000,000 inhabitants is exempt. All
18 property leased to such park district for $1 or less per year
19 and used exclusively as open space for recreational purposes
20 not exceeding 50 acres in the aggregate for each district is
21 exempt.
22 (c) Also exempt is All property belonging to a park
23 district organized pursuant to the Metro-East Park and
24 Recreation District Act is exempt.
25 (d) Notwithstanding any other provision of this Section,
26 for taxable years 2000 and thereafter, all property leased by
27 a park district from a municipality that is sublet from the
28 park district by any entity for the sole purpose of
29 establishing and maintaining recreational facilities or
30 parking lots used exclusively for those facilities is exempt.
31 If the sublessee is not an exempt entity, however, a
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1 leasehold assessment shall be made on the property under
2 Section 9-195.
3 (Source: P.A. 91-103, eff. 7-13-99; 91-490, eff. 8-13-99;
4 revised 10-7-99.)
5 (35 ILCS 200/18-165)
6 Sec. 18-165. Abatement of taxes.
7 (a) Any taxing district, upon a majority vote of its
8 governing authority, may, after the determination of the
9 assessed valuation of its property, order the clerk of that
10 county to abate any portion of its taxes on the following
11 types of property:
12 (1) Commercial and industrial.
13 (A) The property of any commercial or
14 industrial firm, including but not limited to the
15 property of any firm that is used for collecting,
16 separating, storing, or processing recyclable
17 materials, locating within the taxing district
18 during the immediately preceding year from another
19 state, territory, or country, or having been newly
20 created within this State during the immediately
21 preceding year, or expanding an existing facility.
22 The abatement shall not exceed a period of 10 years
23 and the aggregate amount of abated taxes for all
24 taxing districts combined shall not exceed
25 $4,000,000; or
26 (B) The property of any commercial or
27 industrial development of at least 500 acres having
28 been created within the taxing district. The
29 abatement shall not exceed a period of 20 years and
30 the aggregate amount of abated taxes for all taxing
31 districts combined shall not exceed $12,000,000.
32 (C) The property of any commercial or
33 industrial firm currently located in the taxing
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1 district that expands a facility or its number of
2 employees. The abatement shall not exceed a period
3 of 10 years and the aggregate amount of abated taxes
4 for all taxing districts combined shall not exceed
5 $4,000,000. The abatement period may be renewed at
6 the option of the taxing districts.
7 (2) Horse racing. Any property in the taxing
8 district which is used for the racing of horses and upon
9 which capital improvements consisting of expansion,
10 improvement or replacement of existing facilities have
11 been made since July 1, 1987. The combined abatements
12 for such property from all taxing districts in any county
13 shall not exceed $5,000,000 annually and shall not exceed
14 a period of 10 years.
15 (3) Auto racing. Any property designed exclusively
16 for the racing of motor vehicles. Such abatement shall
17 not exceed a period of 10 years.
18 (4) Academic or research institute. The property
19 of any academic or research institute in the taxing
20 district that (i) is an exempt organization under
21 paragraph (3) of Section 501(c) of the Internal Revenue
22 Code, (ii) operates for the benefit of the public by
23 actually and exclusively performing scientific research
24 and making the results of the research available to the
25 interested public on a non-discriminatory basis, and
26 (iii) employs more than 100 employees. An abatement
27 granted under this paragraph shall be for at least 15
28 years and the aggregate amount of abated taxes for all
29 taxing districts combined shall not exceed $5,000,000.
30 (5) Housing for older persons. Any property in the
31 taxing district that is devoted exclusively to affordable
32 housing for older households. For purposes of this
33 paragraph, "older households" means those households (i)
34 living in housing provided under any State or federal
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1 program that the Department of Human Rights determines is
2 specifically designed and operated to assist elderly
3 persons and is solely occupied by persons 55 years of age
4 or older and (ii) whose annual income does not exceed 80%
5 of the area gross median income, adjusted for family
6 size, as such gross income and median income are
7 determined from time to time by the United States
8 Department of Housing and Urban Development. The
9 abatement shall not exceed a period of 15 years, and the
10 aggregate amount of abated taxes for all taxing districts
11 shall not exceed $3,000,000.
12 (6) Historical society. For assessment years 1998
13 through 2000, the property of an historical society
14 qualifying as an exempt organization under Section
15 501(c)(3) of the federal Internal Revenue Code.
16 (7) Recreational facilities. Any property in the
17 taxing district that is subject to a leasehold assessment
18 under Section 9-195 of this Code and which is sublet from
19 a park district that is leasing the property from a
20 municipality, but only if the property is used
21 exclusively for recreational facilities or for parking
22 lots used exclusively for those facilities. The
23 abatement shall not exceed a period of 20 years.
24 (b) Upon a majority vote of its governing authority, any
25 municipality may, after the determination of the assessed
26 valuation of its property, order the county clerk to abate
27 any portion of its taxes on any property that is located
28 within the corporate limits of the municipality in accordance
29 with Section 8-3-18 of the Illinois Municipal Code.
30 (Source: P.A. 90-46, eff. 7-3-97; 90-415, eff. 8-15-97;
31 90-568, eff. 1-1-99; 90-655, eff. 7-30-98; 91-644, eff.
32 8-20-99.)
33 Section 90. The State Mandates Act is amended by adding
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1 Section 8.24 as follows:
2 (30 ILCS 805/8.24 new)
3 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
4 and 8 of this Act, no reimbursement by the State is required
5 for the implementation of any mandate created by this
6 amendatory Act of the 91st General Assembly.
7 Section 99. Effective date. This Act takes effect upon
8 becoming law.