Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/10-365

35 ILCS 200/10-370

35 ILCS 200/10-380

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning PPV leases, provides that the current method of classifying and valuing PPV leases expires on the earlier of (i) January 1, 2056 or (ii) January 1 of the calendar year in which the particular PPV lease terminates (now, January 1, 2016). Provides that, for naval training facilities, naval bases, and naval support facilities, "net operating income" means all revenues received minus the lesser of (i) 42% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization (now, all revenues received minus the lesser of (i) 62% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective immediately.

Actions 

Date	Chamber	Action
1/14/2015	House	Filed with the Clerk by Rep. Scott Drury
1/14/2015	House	First Reading
1/14/2015	House	Referred to Rules Committee
2/3/2015	House	Assigned to Revenue & Finance Committee
2/20/2015	House	To Property Tax Subcommittee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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