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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB7011
Introduced 02/09/04, by Karen May SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code with respect to the valuation of open space
land. Provides that, in determining the historic nature of land for which an
application has been
submitted for special valuation as open space land because it preserves
historic sites, the
chief county assessment officer may consider the land's inclusion in or
consistency with a
federal, State, regional, or local government policy or plan for the
preservation of historic
sites. Provides that a parcel of land is not considered used for open space
purposes if the
outside boundaries of the parcel completely enclose a separate parcel used for
residential
or commercial purposes.
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A BILL FOR
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HB7011 |
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LRB093 16602 SJM 42251 b |
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing
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| Section 10-155 as follows:
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| (35 ILCS 200/10-155)
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| Sec. 10-155. Open space land; valuation. In all counties, |
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| in
addition to valuation as otherwise permitted by law, land |
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| which is used for
open space purposes and has been so used for |
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| the 3 years immediately preceding
the year in which the |
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| assessment is made, upon application under Section
10-160, |
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| shall be valued on the basis of its fair cash value, estimated |
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| at the
price it would bring at a fair, voluntary sale for use |
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| by the buyer for open
space purposes.
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| Land is considered used for open space purposes if it is |
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| more than 10 acres
in area and:
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| (a) is actually and exclusively used for maintaining or |
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| enhancing natural
or scenic resources,
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| (b) protects air or streams or water supplies,
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| (c) promotes conservation of soil, wetlands, beaches, |
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| or marshes,
including ground cover or planted perennial |
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| grasses, trees and shrubs and other
natural perennial |
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| growth, and including any body of water, whether man-made |
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| or
natural,
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| (d) conserves landscaped areas, such as public or |
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| private golf courses,
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| (e) enhances the value to the public of abutting or |
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| neighboring parks,
forests, wildlife preserves, nature |
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| reservations, sanctuaries, or other open
spaces, or
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| (f) preserves historic sites; in determining the |
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| historic nature of a
site under this subsection (f), the
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| chief county
assessment officer may consider its inclusion |