SB0808sam001 103RD GENERAL ASSEMBLY

Sen. Patrick J. Joyce

Filed: 4/5/2024

10300SB0808sam001 LRB103 03264 HLH 71213 a

AMENDMENT TO SENATE BILL 808

AMENDMENT NO. ______. Amend Senate Bill 808 by replacing everything after the enacting clause with the following:

"Section 5. The Property Tax Code is amended by changing Section 18-184.15 as follows:

(35 ILCS 200/18-184.15)

Sec. 18-184.15. REV Illinois project facilities for electric vehicles, electric vehicle component parts, or electric vehicle power supply equipment; abatement.

(a) Any taxing district, upon a majority vote of its governing body, may, after determination of the assessed value as set forth in this Code, order the clerk of the appropriate municipality or county to abate any portion of real property taxes otherwise levied or extended by the taxing district on a REV Illinois Project facility owned by an electric vehicle manufacturer, electric vehicle component parts manufacturer, or an electric vehicle power supply manufacturer that is subject to an agreement with the Department of Commerce and Economic Opportunity under Section 45 of the Reimagining Energy and Vehicles in Illinois Act, during the period of time such agreement is in effect as specified by the Department of Commerce and Economic Opportunity.

(b) Two or more taxing districts in a county having more than 100,000 but fewer than 120,000 inhabitants, as determined by the 2020 federal decennial census, upon a majority vote of each of their respective governing bodies, may agree to abate, for a period not to exceed 30 consecutive tax years, a portion of the real property taxes otherwise levied or extended by those taxing districts on a REV Illinois Project facility owned by an electric vehicle manufacturer, electric vehicle component parts manufacturer, or electric vehicle power supply manufacturer that is subject to an agreement with the Department of Commerce and Economic Opportunity under Section 45 of the Reimagining Energy and Vehicles in Illinois Act. The agreement shall be filed with the county clerk who shall, for the period the agreement remains in effect, abate the portion of the real estate taxes levied or extended by those taxing districts as directed in the agreement. Any such agreement entered into by 2 or more taxing districts before the effective date of this amendatory Act of the 103rd General Assembly that is not inconsistent with the provisions of this subsection (b) is hereby declared valid and enforceable for the effective period of that agreement.

(Source: P.A. 102-669, eff. 11-16-21; 102-1125, eff. 2-3-23.)".