|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 HB1053 Introduced , by Rep. Ed Sullivan, Jr. SYNOPSIS AS INTRODUCED: |
| |
Amends the Property Tax Code. Provides that land containing hotels or lodging facilities, club houses, banquet facilities, tennis or other courts, swimming pools, commercial or industrial facilities, retail shops, or land and parking areas serving any of those improvements shall be valued at its fair cash value and shall not be valued as open space land.
|
| |
| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
|
|
| | HB1053 | | LRB098 08034 HLH 38125 b |
|
|
1 | | AN ACT concerning revenue.
|
2 | | Be it enacted by the People of the State of Illinois,
|
3 | | represented in the General Assembly:
|
4 | | Section 5. The Property Tax Code is amended by changing |
5 | | Section 10-155 as follows:
|
6 | | (35 ILCS 200/10-155)
|
7 | | Sec. 10-155. Open space land; valuation. In all counties, |
8 | | in
addition to valuation as otherwise permitted by law, land |
9 | | which is used for
open space purposes and has been so used for |
10 | | the 3 years immediately preceding
the year in which the |
11 | | assessment is made, upon application under Section
10-160, |
12 | | shall be valued on the basis of its fair cash value, estimated |
13 | | at the
price it would bring at a fair, voluntary sale for use |
14 | | by the buyer for open
space purposes.
|
15 | | Land is considered used for open space purposes if it is |
16 | | more than 10 acres
in area and:
|
17 | | (a) is actually and exclusively used for maintaining or |
18 | | enhancing natural
or scenic resources,
|
19 | | (b) protects air or streams or water supplies,
|
20 | | (c) promotes conservation of soil, wetlands, beaches, |
21 | | or marshes,
including ground cover or planted perennial |
22 | | grasses, trees and shrubs and other
natural perennial |
23 | | growth, and including any body of water, whether man-made |