Revenue Committee
Filed: 3/4/2004
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1 | AMENDMENT TO HOUSE BILL 7006
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2 | AMENDMENT NO. ______. Amend House Bill 7006 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Property Tax Code is amended by changing
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5 | Section 15-155 as follows:
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6 | (35 ILCS 200/15-155)
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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.
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14 | (Source: Laws 1961, p. 3370; P.A. 88-455.)".
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