|
|
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.".
|