State of Illinois
92nd General Assembly

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[ House Amendment 001 ]



 1        AN ACT concerning taxes.

 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    Section 10-155 as follows:

 6        (35 ILCS 200/10-155)
 7        Sec.   10-155.   Open  space  land;  valuation.   In  all
 8    counties, in addition to valuation as otherwise permitted  by
 9    law,  land which is used for open space purposes and has been
10    so used for the 3 years immediately  preceding  the  year  in
11    which  the assessment is made, upon application under Section
12    10-160, shall be valued on the basis of its fair cash  value,
13    estimated  at  the  price it would bring at a fair, voluntary
14    sale for use by the buyer for open space purposes.
15        Land is considered used for open space purposes if it is:
16        (1)  more than 10 acres in area and conserves  landscaped
17    areas by being used as a public or private golf course; or
18        (2)  is  more  than  10 acres in area, provides a regular
19    opportunity  for  public   access   to   the   property   for
20    educational, pleasure, and recreational purposes, and:
21             (a)  is    actually   and   exclusively   used   for
22        maintaining or enhancing natural or scenic resources,
23             (b)  protects air or streams or water supplies,
24             (c)  promotes  conservation   of   soil,   wetlands,
25        beaches,  or  marshes,  including ground cover or planted
26        perennial grasses, trees and  shrubs  and  other  natural
27        perennial  growth,  and  including  any  body  of  water,
28        whether man-made or natural,
29             (d)  conserves  landscaped  areas, such as public or
30        private golf courses,
31             (e)  enhances the value to the public of abutting or
                            -2-                LRB9206712REmg
 1        neighboring parks, forests,  wildlife  preserves,  nature
 2        reservations, sanctuaries, or other open spaces, or
 3             (f)  preserves historic sites.
 4        Land is not considered used for open space purposes if it
 5    is used primarily for residential purposes.
 6    (Source: P.A. 88-455; 89-137, eff. 1-1-96.)

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