92nd General Assembly
Summary of HB1276
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House Sponsors:
DANIELS-BIGGINS-SCHOENBERG-CURRIE.

Senate Sponsors:
LAUZEN-MOLARO

Short description: 
PROPERTY TAX CODE                                                          

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Makes  a  technical  change  in  a      
   Section concerning the definition of "year".                                
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          35 ILCS 200/1-155                                                    
          Adds reference to:                                                   
          35 ILCS 200/9-195                                                    
          35 ILCS 200/15-60                                                    
          65 ILCS 5/8-11-6                                                     
          30 ILCS 805/8.26 new                                                 
        Deletes everything. Amends the Property Tax Code and the State         
   Mandates Act. Provides that all property owned by a municipality            
   with a population of over 500,000 that is used for toll road or toll        
   bridge purposes and that is leased for those purposes to another            
   entity whose property is not exempt shall remain exempt and any             
   leasehold interest in the property is not subject to taxation. Exempts      
   the mandate created by this amendatory Act from State reimbursement.        
   Amends the home rule muncipal use tax provisions in the Illinois            
   Municipal Code. Provides that if a home rule municipal use tax is           
   imposed by a municipality with 2,000,000 or more inhabitants on items       
   other than tangible personal property titled or registered with an          
   agency of the State, the tax shall be collected from the purchaser          
   (now, the purchaser or the retailer) by the municipality or the             
   Department of Revenue. Effective immediately.                               
 
Last action on Bill: PUBLIC ACT.............................. 92-0844

   Last action date: AUG-23-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



 Full Text  Bill Status