Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/9-195

35 ILCS 200/15-60

35 ILCS 200/21-95

30 ILCS 805/8.38 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that certain property owned by a county, municipality, taxing district, unit of local government, or by one or more municipalities pursuant to an ordinance or intergovernmental agreement, that is held for land bank purposes is exempt from taxation under the Code. Provides that the property remains exempt even if the property is leased to another entity whose property is not exempt. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the provisions of the introduced bill apply only to land bank property owned by a county of more than 3,000,000 inhabitants or by one or more municipalities within such a county. Provides that the provisions of the introduced bill apply only if a land bank has been created to promote redevelopment or reuse of vacant, abandoned, or tax-delinquent properties, to support targeted efforts to stabilize neighborhoods, and to stimulate residential, commercial, and industrial development. Provides that leasehold interests with respect to that property are also exempt. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. Kwame Raoul
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
2/25/2014	Senate	Assigned to Local Government
3/5/2014	Senate	Do Pass Local Government; 008-001-000
3/5/2014	Senate	Placed on Calendar Order of 2nd Reading March 6, 2014
3/21/2014	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
3/21/2014	Senate	Senate Floor Amendment No. 1 Referred to Assignments
3/25/2014	Senate	Senate Floor Amendment No. 1 Assignments Refers to Local Government
3/26/2014	Senate	Senate Floor Amendment No. 1 Postponed - Local Government
4/2/2014	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 012-000-000
4/8/2014	Senate	Second Reading
4/8/2014	Senate	Senate Floor Amendment No. 1 Adopted; Raoul
4/8/2014	Senate	Placed on Calendar Order of 3rd Reading April 9, 2014
4/9/2014	Senate	Added as Co-Sponsor Sen. Mattie Hunter
4/9/2014	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
4/9/2014	Senate	Third Reading - Passed; 047-000-000
4/9/2014	House	Arrived in House
4/9/2014	House	Chief House Sponsor Rep. Kelly Burke
4/9/2014	House	First Reading
4/9/2014	House	Referred to Rules Committee
1/13/2015	Senate	Session Sine Die

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