Illinois General Assembly - Full Text of Public Act 099-0738
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Public Act 099-0738





Public Act 099-0738
SB2782 EnrolledLRB099 20594 HLH 45317 b

    AN ACT concerning revenue.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Property Tax Code is amended by changing
Sections 10-365 and 10-380 as follows:
    (35 ILCS 200/10-365)
    Sec. 10-365. U.S. Military Public/Private Residential
Developments. PPV Leases must be classified and valued as set
forth in Sections 10-370 through 10-380 during the period
beginning January 1, 2006 and ending January 1, 2017 January 1,
(Source: P.A. 98-494, eff. 1-1-14.)
    (35 ILCS 200/10-380)
    Sec. 10-380. For the taxable years 2006 through 2016 2015,
the chief county assessment officer in the county in which
property subject to a PPV Lease is located shall apply the
provisions of Sections 10-370(b)(i) and 10-375(c)(i) of this
Division 14 in assessing and determining the value of any PPV
Lease for purposes of the property tax laws of this State.
(Source: P.A. 97-942, eff. 8-10-12; 98-463, eff. 8-16-13;
98-494, eff. 1-1-14.)
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/5/2016