Revenue Committee

Filed: 3/4/2004

 

 


 

 


 
09300HB7006ham001 LRB093 16598 MKM 48307 a

1
AMENDMENT TO HOUSE BILL 7006

2     AMENDMENT NO. ______. Amend House Bill 7006 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Property Tax Code is amended by changing
5 Section 15-155 as follows:
 
6     (35 ILCS 200/15-155)
7     Sec. 15-155. Port districts. All property belonging to the
8 Chicago Regional Port District or any other port district
9 created by the General Assembly legislature of this State is
10 exempt. However, a tax may be levied upon a lessee of such
11 property based on the value of a leasehold estate separate and
12 apart from the fee, or upon improvements constructed and owned
13 by others than the Port District.
14 (Source: Laws 1961, p. 3370; P.A. 88-455.)".