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, 
2016.

(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