Rep. Michael K. Smith

Filed: 5/12/2004

 

 


 

 


 
09300SB1631ham001 LRB093 03039 RCE 50696 a

1
AMENDMENT TO SENATE BILL 1631

2     AMENDMENT NO. ______. Amend Senate Bill 1631 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Property Tax Code is amended by changing
5 Section 15-143 as follows:
 
6     (35 ILCS 200/15-143)
7     Sec. 15-143. Metropolitan Water Reclamation Districts in
8 counties with a population greater than 3,000,000.    All
9 property that is located in a county with a population greater
10 than 3,000,000 and that is owned by a metropolitan water
11 reclamation district districts in a county counties with a
12 population greater than 3,000,000 is exempt. Any such property
13 leased to an entity that is not exempt shall remain exempt, and
14 the leasehold interest of the lessee shall be assessed under
15 Section 9-195 of this Code. The changes made by this amendatory
16 Act of the 93rd General Assembly are declaratory of existing
17 law.
18 (Source: P.A. 91-546, eff. 8-14-99.)
 
19     Section 99. Effective date. This Act takes effect upon
20 becoming law.".