Rep. Ed Sullivan

Filed: 5/7/2015

 

 


 

 


 
09900SB0791ham001LRB099 05102 AWJ 35215 a

1
AMENDMENT TO SENATE BILL 791

2    AMENDMENT NO. ______. Amend Senate Bill 791 on page 1,
3immediately before line 4, by inserting the following:
 
4    "Section 3. The Property Tax Code is amended by changing
5Section 9-195 as follows:
 
6    (35 ILCS 200/9-195)
7    Sec. 9-195. Leasing of exempt property.
8    (a) Except as provided in Sections 15-35, 15-55, 15-60,
915-100, 15-103, 15-160, and 15-185, when property which is
10exempt from taxation is leased to another whose property is not
11exempt, and the leasing of which does not make the property
12taxable, the leasehold estate and the appurtenances shall be
13listed as the property of the lessee thereof, or his or her
14assignee. Taxes on that property shall be collected in the same
15manner as on property that is not exempt, and the lessee shall
16be liable for those taxes. However, no tax lien shall attach to

 

 

09900SB0791ham001- 2 -LRB099 05102 AWJ 35215 a

1the exempt real estate. The changes made by this amendatory Act
2of 1997 and by this amendatory Act of the 91st General Assembly
3are declaratory of existing law and shall not be construed as a
4new enactment. The changes made by Public Acts 88-221 and
588-420 that are incorporated into this Section by this
6amendatory Act of 1993 are declarative of existing law and are
7not a new enactment.
8    (b) The provisions of this Section regarding taxation of
9leasehold interests in exempt property do not apply to any
10leasehold interest created pursuant to any transaction
11described in subsection (e) of Section 15-35, subsection (c-5)
12of Section 15-60, subsection (b) of Section 15-100, Section
1315-103, Section 15-160, or Section 15-185, or Section 6c of the
14Downstate Forest Preserve District Act.
15(Source: P.A. 97-1161, eff. 6-1-13.)"; and
 
16on page 1, line 20, after "lease", by inserting "or sell"; and
 
17on page 2, by replacing line 7 with "shall not exceed 10 years
18in duration and shall expressly state that a non-exempt lessee
19is liable for the payment of property taxes under Section 9-195
20of the Property Tax Code.".