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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0088 Introduced 1/12/2011, by Rep. Timothy L. Schmitz SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Provides a property tax exemption for parking areas owned by any religious institution that meets the qualifications for exemption if the parking area is leased or rented to a municipality for free public parking. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB0088 | | LRB097 05173 HLH 45220 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 15-125 as follows:
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| 6 | | (35 ILCS 200/15-125)
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| 7 | | Sec. 15-125. Parking areas. |
| 8 | | (a) Parking areas, not leased
or used for profit other than |
| 9 | | those lease or rental agreements subject to subsection (b) of |
| 10 | | this Section, when used as a
part of a use for which an |
| 11 | | exemption is provided by this Code and owned by
any school |
| 12 | | district, non-profit hospital, school, or religious or
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| 13 | | charitable institution which meets the qualifications for |
| 14 | | exemption, are
exempt.
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| 15 | | (b) Parking areas owned by any religious institution that |
| 16 | | meets the qualifications for exemption, when leased or rented |
| 17 | | to a mass transportation entity for the limited free parking of |
| 18 | | the commuters of the mass transportation entity, are exempt.
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| 19 | | (c) Parking areas owned by any religious institution that |
| 20 | | meets the qualifications for exemption, when leased or rented |
| 21 | | to a municipality for the purpose of providing free public |
| 22 | | parking, are exempt. |
| 23 | | (Source: P.A. 93-1038, eff. 6-1-05.)
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