|
Public Act 099-0738
|
| SB2782 Enrolled | LRB099 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.)
|