MULLIGAN-MOORE,EUGENE. (BUTLER-GEO-KARIS) 35 ILCS 200/15-65 Amends the Property Tax Code. Includes in the list of property granted an exemption based on charitable purposes academic or research institutes that qualify for the charitable purposes exemption under the Internal Revenue Code of 1986 because they operate for the benefit of the public by actually and exclusively performing scientific research and making the result of the research available to the public on a non-discriminatory basis. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/15-65 Adds reference to: 35 ILCS 200/18-165 Deletes everything. Amends the Property Tax Code. Allows taxing districts to abate any portion of its taxes on an academic or research institute that (i) is an exempt organization under paragraph (3) of Section 501(c) of the Internal Revenue Code, (ii) operates for the benefit of the public by actually and exclusively performing scientific research and making the results of the research available to the interested public on a non-discriminatory basis, and (iii) employs more than 100 employees. Requires the abatement to be for a minimum of 15 years. States that the maximum abatement of all property taxes that the institute receives shall not exceed $5,000,000. Effective immediately. 97-01-29 H FILED WITH CLERK 97-01-29 H ADDED AS A JOINT SPONSOR MOORE,EUGENE 97-01-29 H FIRST READING 97-01-29 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ASSIGNED TO COMMITTEE REVENUE 97-03-21 H AMENDMENT NO. 01-REVENUE H 97-03-21 H ADOPTED 97-03-21 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 97-03-21 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-08 H SECOND READING-SHORT DEBATE 97-04-08 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-09 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 97-04-10 S ARRIVE IN SENATE 97-04-10 S PLACED CALENDAR ORDER OF FIRST READING 97-04-10 S CHIEF SPONSOR GEO-KARIS 97-04-10 S FIRST READING 97-04-10 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-17 S ASSIGNED TO COMMITTEE REVENUE 97-04-18 S SPONSOR REMOVED GEO-KARIS 97-04-18 S ALTERNATE CHIEF SPONSOR CHANGED TO BUTLER 97-04-18 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS 97-05-01 S DO PASS 010-000-000 SREV 97-05-01 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-06 97-05-07 S SECOND READING 97-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-08 97-05-08 S THIRD READING - PASSED 054-001-001 97-05-08 H PASSED BOTH HOUSES 97-06-06 H SENT TO THE GOVERNOR 97-07-03 H GOVERNOR APPROVED 97-07-03 H EFFECTIVE DATE 97-07-03 97-07-03 H PUBLIC ACT.............................. 90-0046 END OF INQUIRY Full Text Bill Summary