91st General Assembly
Summary of HB0371
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House Sponsors:
BIGGINS.

Senate Sponsors:
O'MALLEY

Short description: 
PROP TX-WTR RECLAM DIST-LEASE                                              

Synopsis of Bill as introduced:
        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.  Provides that any such property      
   leased to an entity that is not exempt shall remain  exempt,  and  the      
   leasehold  interest  of the lessee shall be assessed under the Section      
   concerning the leasing of exempt property.  Provides that if  property      
   was  leased  by  the  district  before  the  effective  date  of  this      
   amendatory  Act  to an entity that was not exempt and the property has      
   been restored to the possession and use of the district for  a  period      
   of  at  least  6 months, any lien for unpaid real estate taxes and any      
   obligation on  the  part  of  the  district  to  pay  those  taxes  is      
   discharged and extinguished.  Effective immediately.                        
        SENATE AMENDMENT NO. 1.                                                
        Further amends the Property Tax Code.  Deletes the provision that      
   if property leased by the Metropolitan Water Reclamation  District  to      
   to  an  entity  that  was not exempt before the effective date of this      
   amendatory Act has been restored to the  possession  and  use  of  the      
   District  for at least 6 months, any lien for unpaid real estate taxes      
   and any obligation on the part of the District to pay those  taxes  is      
   discharged and extinguished.                                                
 
Last action on Bill: PUBLIC ACT.............................. 91-0546

   Last action date: 99-08-14

           Location: House

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


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