PROPERTY TAX CODE
Synopsis of Bill as introduced:
Amends the Property Tax Code. Makes a technical change in a
Section concerning the definition of "year".
SENATE AMENDMENT NO. 2.
Deletes reference to:
35 ILCS 200/1-155
Adds reference to:
35 ILCS 200/9-195
35 ILCS 200/15-60
65 ILCS 5/8-11-6
30 ILCS 805/8.26 new
Deletes everything. Amends the Property Tax Code and the State
Mandates Act. Provides that all property owned by a municipality
with a population of over 500,000 that is used for toll road or toll
bridge purposes and that is leased for those purposes to another
entity whose property is not exempt shall remain exempt and any
leasehold interest in the property is not subject to taxation. Exempts
the mandate created by this amendatory Act from State reimbursement.
Amends the home rule muncipal use tax provisions in the Illinois
Municipal Code. Provides that if a home rule municipal use tax is
imposed by a municipality with 2,000,000 or more inhabitants on items
other than tangible personal property titled or registered with an
agency of the State, the tax shall be collected from the purchaser
(now, the purchaser or the retailer) by the municipality or the
Department of Revenue. Effective immediately.
Last action on Bill: PUBLIC ACT.............................. 92-0844
Last action date: AUG-23-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status