Senate Sponsors: WATSON-CLAYBORNE-BOWLES. House Sponsors: STEPHENS-HOLBROOK Short description: PROP TX-BI-STATE DEVELOPMENT Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that property owned by the Bi-State Development Agency of the Missouri-Illinois Metropolitan District is exempt from property taxes. Provides that the exemption is not affected by a leaseback or other similar agreement to obtain financing. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 35 ILCS 200/15-35 Further amends the Property Tax Code. Provides that property of a school district is exempt from property taxes and that the exemption is not affected by certain leaseback or similar agreements to obtain financing. Provides that the amendatory provisions are declarative of existing law. Last action on Bill: PUBLIC ACT.............................. 91-0513 Last action date: 99-08-13 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status