92nd General Assembly
Status of SB0298
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   35 ILCS 200/Art. 11, Div. 4 heading new                                     
   35 ILCS 200/11-130 new                                                      
   35 ILCS 200/11-135 new                                                      
   35 ILCS 200/11-140 new                                                      
   35 ILCS 200/11-145 new                                                      
   35 ILCS 200/11-150 new                                                      
   35 ILCS 200/11-155 new                                                      
   35 ILCS 200/11-160 new                                                      
   35 ILCS 200/11-165 new                                                      
   35 ILCS 200/11-170 new                                                      

        Amends the Property Tax Code.  Provides that a  qualifying  water      
   treatment facility means a water treatment facility that is owned by a      
   not   for   profit   corporation  that  sells  potable  water  to  the      
   corporation's members on a mutual or cooperative and  not  for  profit      
   basis.   Provides  that qualifying water treatment facilities shall be      
   valued for purposes of computing the assessed valuation on  the  basis      
   of  33 1/3% of the fair cash value, which shall be determined based on      
   the value of the facility if it were removed from the site  and  sold.      
   Provides  for  application  for  a qualifying water treatment facility      
   certificate from the Department  of  Natural  Resources  and  judicial      
   review for aggrieved parties.  Authorizes the Department of Revenue to      
   adopt   rules  concerning  the  assessment  of  qualified  facilities.      
   Effective January 1, 2002.                                                  
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-21-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-01-2001  S       DO PASS                             010-000-000   SREV    
   MAR-01-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-06              
   MAR-01-2001  S  ADDED AS A CHIEF CO-SPONSOR              O'DANIEL              
   MAR-21-2001  S  SECOND READING                                                 
   MAR-21-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-03-22              
   MAR-22-2001  S  THIRD READING - PASSED                   054-000-000           
   MAR-22-2001  H  ARRIVE IN HOUSE                                                
   MAR-22-2001  H  HOUSE SPONSOR                            GRANBERG              
   MAR-22-2001  H  FIRST READING                                                  
   MAR-22-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-03-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAY-03-2001  H  DO PASS/SHORT DEBATE                     011-000-000   HREV    
   MAY-03-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAY-08-2001  H  SECOND READING-SHORT DEBATE                                    
   MAY-08-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAY-15-2001  H  THIRD READING/SHORT DEBATE/PASSED        109-005-000           
   MAY-15-2001  S  PASSED BOTH HOUSES                                             
   JUN-13-2001  S  SENT TO THE GOVERNOR                                           
   AUG-07-2001  S  GOVERNOR APPROVED                                              
   AUG-07-2001  S                            EFFECTIVE DATE 02-01-01              
   AUG-07-2001  S  PUBLIC ACT.............................. 92-0278               


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