Bill Status of SB 2761   97th General Assembly

Short Description:  PROP TX-MILITARY PPV LEASES

Senate Sponsors
Sen. James F. Clayborne, Jr.-David S. Luechtefeld-Terry Link and Kyle McCarter

House Sponsors
(Rep. Eddie Lee Jackson, Sr.-Paul Evans-Karen May and Scott E. Penny)


Last Action  View All Actions

DateChamber Action
  8/10/2012SenatePublic Act . . . . . . . . . 97-0942

Statutes Amended In Order of Appearance
35 ILCS 5/501from Ch. 120, par. 5-501

Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning notices or regulations requiring records, statements, and special reports.

Senate Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/501
Adds reference to:
35 ILCS 200/10-370
35 ILCS 200/10-380

Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that valuation rules for military PPV leases apply to property that is leased for the purpose of the design, finance, construction, renovation, management, operation, and maintenance of rental housing units and associated improvements at military (instead of naval) training facilities, military bases, and related military (instead of naval) support facilities in the State. Provides that the changes apply beginning on January 1, 2006. Provides that, for the taxable years 2006 and thereafter (now, 2006, 2007, 2008, and 2009), the chief county assessment officer in the county in which property subject to a PPV Lease is located shall apply certain provisions concerning the net operating income and the fair cash value of a PPV Lease in assessing and determining the value of any PPV Lease for purposes of the property tax laws of this State. Effective immediately.

 Land Conveyance Appraisal Note (Dept. of Transportation)
 No land conveyances are included in this bill, therefore, there are no appraisals to be filed.

 Correctional Note (Dept of Corrections)
 There are no penalty enhancements associated with SB 2761. The bill would have no fiscal or population impact on the Department.

 Judicial Note (Admin Office of the Illinois Courts)
 Would neither increase nor decrease the number of judges needed in the state.

 State Debt Impact Note (Government Forecasting & Accountability)
 Would not affect the level of State indebtedness.

 Pension Note (Government Forecasting & Accountability)
 No discernible fiscal impact of any pension system associated with SB 2761, as engrossed.

 Balanced Budget Note (Gov. Office of Management & Budget)
 This bill does not have any fiscal impact to the State.

 Housing Affordability Impact Note (Illinois Housing Development Authority)
 No fiscal effect on a single-family residence.

 Housing Affordability Impact Note (Illinois Housing Development Authority)
 While there is a potential loss of revenue from the taxing body that may get passed onto homeowners in the jurisdiction, there is insufficient information to determine a fiscal effect due to varying property tax rates.

 Home Rule Note (Dept. of Commerce & Economic Opportunity)
 SB 2761 does not pre-empt home rule authority.

 State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
 SB 2761does not create a State mandate.

Actions 
DateChamber Action
  1/18/2012SenateFiled with Secretary by Sen. John J. Cullerton
  1/18/2012SenateFirst Reading
  1/18/2012SenateReferred to Assignments
  3/1/2012SenateAssigned to Executive
  3/8/2012SenateDo Pass Executive; 012-000-000
  3/8/2012SenatePlaced on Calendar Order of 2nd Reading March 21, 2012
  3/22/2012SenateSecond Reading
  3/22/2012SenatePlaced on Calendar Order of 3rd Reading March 23, 2012
  3/30/2012SenateRule 2-10 Third Reading Deadline Established As April 26, 2012
  4/25/2012SenateChief Sponsor Changed to Sen. James F. Clayborne, Jr.
  4/25/2012SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
  4/25/2012SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/25/2012SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  4/25/2012SenateAdded as Chief Co-Sponsor Sen. David S. Luechtefeld
  4/25/2012SenateAdded as Chief Co-Sponsor Sen. Terry Link
  4/26/2012SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 011-000-000
  4/26/2012SenateRecalled to Second Reading
  4/26/2012SenateSenate Floor Amendment No. 1 Adopted; Clayborne
  4/26/2012SenatePlaced on Calendar Order of 3rd Reading
  4/26/2012SenateAdded as Co-Sponsor Sen. Kyle McCarter
  4/26/2012SenateThird Reading - Passed; 054-000-000
  4/26/2012HouseArrived in House
  4/26/2012HouseChief House Sponsor Rep. Eddie Lee Jackson, Sr.
  4/26/2012HousePlaced on Calendar Order of First Reading
  4/26/2012HouseFirst Reading
  4/26/2012HouseReferred to Rules Committee
  5/1/2012HouseAdded Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
  5/1/2012HouseAdded Alternate Chief Co-Sponsor Rep. Paul Evans
  5/1/2012HouseAlternate Co-Sponsor Removed Rep. Marcus C. Evans, Jr.
  5/11/2012HouseCommittee Deadline Extended-Rule 9(b) May 18, 2012
  5/11/2012HouseAssigned to Revenue & Finance Committee
  5/17/2012HouseDo Pass / Short Debate Revenue & Finance Committee; 007-002-000
  5/17/2012HousePlaced on Calendar 2nd Reading - Short Debate
  5/21/2012HouseFiscal Note Requested by Rep. Ed Sullivan, Jr.
  5/21/2012HouseState Mandates Fiscal Note Requested by Rep. Ed Sullivan, Jr.
  5/21/2012HouseHome Rule Note Requested by Rep. Ed Sullivan, Jr.
  5/21/2012HouseSecond Reading - Short Debate
  5/21/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  5/21/2012HouseLand Conveyance Appraisal Note Filed
  5/22/2012HouseCorrectional Note Filed
  5/22/2012HouseJudicial Note Filed
  5/22/2012HouseState Debt Impact Note Filed
  5/22/2012HousePension Note Filed
  5/23/2012HouseBalanced Budget Note Filed
  5/23/2012HouseHousing Affordability Impact Note Filed
  5/23/2012HouseHousing Affordability Impact Note Filed ; Revised
  5/25/2012HouseHome Rule Note Filed
  5/25/2012HouseState Mandates Fiscal Note Filed
  5/25/2012HouseFiscal Note Requested - Withdrawn by Rep. Ed Sullivan, Jr.
  5/25/2012HouseAdded Alternate Chief Co-Sponsor Rep. Karen May
  5/25/2012HouseFinal Action Deadline Extended-9(b) May 31, 2012
  5/26/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2012HouseAdded Alternate Co-Sponsor Rep. Scott E. Penny
  5/30/2012HouseThird Reading - Short Debate - Passed 067-049-002
  5/30/2012SenatePassed Both Houses
  6/11/2012SenateSent to the Governor
  8/10/2012SenateGovernor Approved
  8/10/2012SenateEffective Date August 10, 2012
  8/10/2012SenatePublic Act . . . . . . . . . 97-0942

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