Bill Status of HB 2849   97th General Assembly


Short Description:  PROP TX-SCHOOL LEASE EXEMPT

House Sponsors
Rep. Barbara Flynn Currie

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/9-195
35 ILCS 200/15-35
35 ILCS 200/15-57 new
30 ILCS 805/8.35 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, if property is owned by the State, a unit of local government, or a school district and that property is leased to the State, a unit of local government, or a school district, then the property and the leasehold interest are exempt from taxation under the Property Tax Code or under any other law. Further provides that property of schools that is leased to the State, a unit of local government, or a school district (now, only leases to a municipality) for governmental purposes on a not-for-profit basis is exempt and that the leasehold interest is not taxable. Amends the State Mandates Act to require implementation without reimbursement. Provides that the changes made by the amendatory Act apply to taxable years 2010 and thereafter. Provides that the changes also apply to taxable years prior to 2010, but no payments of any such taxes need be refunded. Effective immediately.

Actions 
DateChamber Action
  2/18/2011HouseFiled with the Clerk by Rep. Barbara Flynn Currie
  2/22/2011HouseFirst Reading
  2/22/2011HouseReferred to Rules Committee
  2/24/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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