Illinois General Assembly - Full Text of Public Act 094-0546
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Public Act 094-0546


 

Public Act 0546 94TH GENERAL ASSEMBLY



 


 
Public Act 094-0546
 
SB0572 Enrolled LRB094 10940 AJO 41516 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Retailers' Occupation Tax Act is amended by
adding Section 1p as follows:
 
    (35 ILCS 120/1p new)
    Sec. 1p. Building materials exemption; intermodal terminal
facility areas. Each retailer that makes a qualified sale of
building materials to be incorporated into real estate in a
redevelopment project area within an intermodal terminal
facility area in accordance with Section 11-74.4-3.1 of the
Illinois Municipal Code by remodeling, rehabilitating, or new
construction may deduct receipts from those sales when
calculating the tax imposed by this Act. For purposes of this
Section, "qualified sale" means a sale of building materials
that will be incorporated into real estate as part of an
industrial or commercial project for which a Certificate of
Eligibility for Sales Tax Exemption has been issued by the
corporate authorities of the municipality in which the building
project is located. To document the exemption allowed under
this Section, the retailer must obtain from the purchaser a
copy of the Certificate of Eligibility for Sales Tax Exemption
issued by the corporate authorities of the municipality in
which the real estate into which the building materials will be
incorporated is located. The Certificate of Eligibility for
Sales Tax Exemption must contain all of the following:
        (1) A statement that the commercial or industrial
    project identified in the Certificate meets all the
    requirements of the jurisdiction in which the project is
    located.
        (2) The location or address of the building project.
        (3) The signature of the chief executive officer of the
    municipality in which the building project is located, or
    the chief executive officer's delegate.
    In addition, the retailer must obtain a certificate from
the purchaser that contains all of the following:
        (1) A statement that the building materials are being
    purchased for incorporation into real estate located in an
    intermodal terminal facility area included in a
    redevelopment project area in accordance with Section
    11-74.4-3.1 of the Illinois Municipal Code.
        (2) The location or address of the real estate into
    which the building materials will be incorporated.
        (3) The name of the intermodal terminal facility area
    in which that real estate is located.
        (4) A description of the building materials being
    purchased.
        (5) The purchaser's signature and date of purchase.
    The provisions of this Section are exempt from Section
2-70.
 
    Section 10. The Illinois Municipal Code is amended by
adding Section 11-74.4-3.1 as follows:
 
    (65 ILCS 5/11-74.4-3.1 new)
    Sec. 11-74.4-3.1. Redevelopment project area within an
intermodal terminal facility area.
    (a) Notwithstanding any other provision of law to the
contrary, if a municipality designates an area within the
territorial limits of the municipality as an intermodal
terminal facility area, then that municipality may establish a
redevelopment project area within the intermodal terminal
facility area for the purpose of developing new intermodal
terminal facilities, rehabilitating obsolete intermodal
terminal facilities, or both. If there is no existing
intermodal terminal facility within the redevelopment project
area, then the municipality must establish a new intermodal
terminal facility within the redevelopment project area. If
there is an obsolete intermodal terminal facility within the
redevelopment project area, then the municipality may
establish a new intermodal terminal facility, rehabilitate the
existing intermodal terminal facility for use as an intermodal
terminal facility or for any other commercial purpose, or both.
    (b) For purposes of this Division, an intermodal terminal
facility area is deemed to be a blighted area and no proof of
blight need be shown in establishing a redevelopment project
area in accordance with this Section.
    (c) As used in this Section:
    "Intermodal terminal facility area" means an area that: (i)
does not include any existing intermodal terminal facility or
includes an obsolete intermodal terminal facility; (ii)
comprises a minimum of 150 acres and not more than 2 square
miles in total area, exclusive of lakes and waterways; (iii)
has at least one Class 1 railroad right-of-way located within
it or within one quarter mile of it; and (iv) has no boundary
limit further than 3 miles from the right-of-way.
    "Intermodal terminal facility" means land, improvements to
land, equipment, and appliances necessary for the receipt and
transfer of goods between one mode of transportation and
another, at least one of which must be transportation by rail.

Effective Date: 1/1/2006