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| [ Engrossed ] | [ Enrolled ] | [ House Amendment 001 ] |
91_SB1144
LRB9106152PTpk
1 AN ACT to amend the Property Tax Code by changing Section
2 15-35.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 15-35 as follows:
7 (35 ILCS 200/15-35)
8 Sec. 15-35. Schools. All property donated by the United
9 States for school purposes, and all property of schools, not
10 sold or leased or otherwise used with a view to profit, is
11 exempt, whether owned by a resident or non-resident of this
12 State or by a corporation incorporated in any state of the
13 United States. Also exempt is:
14 (a) property of schools which is leased to a
15 municipality to be used for municipal purposes on a
16 not-for-profit basis;
17 (b) property of schools on which the schools are
18 located and any other property of schools used by the
19 schools exclusively for school purposes, including, but
20 not limited to, student residence halls, dormitories and
21 other housing facilities for students and their spouses
22 and children, staff housing facilities, and school-owned
23 and operated dormitory or residence halls occupied in
24 whole or in part by students who belong to fraternities,
25 sororities, or other campus organizations;
26 (c) property donated, granted, received or used for
27 public school, college, theological seminary, university,
28 or other educational purposes, whether held in trust or
29 absolutely; and
30 (d) in counties with more than 200,000 inhabitants
31 which classify property, property (including interests in
-2- LRB9106152PTpk
1 land and other facilities) on or adjacent to (even if
2 separated by a public street, alley, sidewalk, parkway or
3 other public way) the grounds of a school, if that
4 property is used by an academic, research or professional
5 society, institute, association or organization which
6 serves the advancement of learning in a field or fields
7 of study taught by the school and which property is not
8 used with a view to profit; and.
9 (e) in counties with more than 200,000 inhabitants
10 which classify property, property of a corporation, which
11 is an exempt entity under paragraph (3) of Section 501(c)
12 of the Internal Revenue Code or its successor law, used
13 by the corporation for the following purposes: (1)
14 conducting continuing education for professional
15 development of personnel in energy-related industries;
16 (2) maintaining a library of energy technology
17 information available to students and the public free of
18 charge; and (3) conducting research in energy and
19 environment, which research results could be ultimately
20 accessible to persons involved in education.
21 (Source: P.A. 90-655, eff. 7-30-98.)