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91_SB0348
LRB9103116PTmb
1 AN ACT concerning property taxes.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Property Tax Code is amended by changing
5 Section 15-35 as follows:
6 (35 ILCS 200/15-35)
7 Sec. 15-35. Schools. All property donated by the United
8 States for school purposes, and all property of schools,
9 including, beginning in taxable year 1999, charter schools
10 established under Article 27A of the School Code, not sold or
11 leased or otherwise used with a view to profit, is exempt,
12 whether owned by a resident or non-resident of this State or
13 by a corporation incorporated in any state of the United
14 States. Also exempt is:
15 (a) property of schools which is leased to a
16 municipality to be used for municipal purposes on a
17 not-for-profit basis;
18 (b) property of schools on which the schools are
19 located and any other property of schools used by the
20 schools exclusively for school purposes, including, but
21 not limited to, student residence halls, dormitories and
22 other housing facilities for students and their spouses
23 and children, staff housing facilities, and school-owned
24 and operated dormitory or residence halls occupied in
25 whole or in part by students who belong to fraternities,
26 sororities, or other campus organizations;
27 (c) property donated, granted, received or used for
28 public school, college, theological seminary, university,
29 or other educational purposes, whether held in trust or
30 absolutely; and
31 (d) in counties with more than 200,000 inhabitants
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1 which classify property, property (including interests in
2 land and other facilities) on or adjacent to (even if
3 separated by a public street, alley, sidewalk, parkway or
4 other public way) the grounds of a school, if that
5 property is used by an academic, research or professional
6 society, institute, association or organization which
7 serves the advancement of learning in a field or fields
8 of study taught by the school and which property is not
9 used with a view to profit.
10 (Source: P.A. 90-655, eff. 7-30-98.)
11 Section 90. The State Mandates Act is amended by adding
12 Section 8.23 as follows:
13 (30 ILCS 805/8.23 new)
14 Sec. 8.23. Exempt mandate. Notwithstanding Sections 6
15 and 8 of this Act, no reimbursement by the State is required
16 for the implementation of any mandate created by this
17 amendatory Act of the 91st General Assembly.
18 Section 99. Effective date. This Act takes effect upon
19 becoming law.