Bill Amendment: IL SB0808 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: REVENUE-TECH
Status: 2024-05-25 - Rule 2-10 Third Reading Deadline Established As May 26, 2024 [SB0808 Detail]
Download: Illinois-2023-SB0808-Senate_Amendment_001.html
Bill Title: REVENUE-TECH
Status: 2024-05-25 - Rule 2-10 Third Reading Deadline Established As May 26, 2024 [SB0808 Detail]
Download: Illinois-2023-SB0808-Senate_Amendment_001.html
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1 | AMENDMENT TO SENATE BILL 808 | ||||||
2 | AMENDMENT NO. ______. Amend Senate Bill 808 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 18-184.15 as follows:
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6 | (35 ILCS 200/18-184.15) | ||||||
7 | Sec. 18-184.15. REV Illinois project facilities for | ||||||
8 | electric vehicles, electric vehicle component parts, or | ||||||
9 | electric vehicle power supply equipment; abatement. | ||||||
10 | (a) Any taxing district, upon a majority vote of its | ||||||
11 | governing body, may, after determination of the assessed value | ||||||
12 | as set forth in this Code, order the clerk of the appropriate | ||||||
13 | municipality or county to abate any portion of real property | ||||||
14 | taxes otherwise levied or extended by the taxing district on a | ||||||
15 | REV Illinois Project facility owned by an electric vehicle | ||||||
16 | manufacturer, electric vehicle component parts manufacturer, |
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1 | or an electric vehicle power supply manufacturer that is | ||||||
2 | subject to an agreement with the Department of Commerce and | ||||||
3 | Economic Opportunity under Section 45 of the Reimagining | ||||||
4 | Energy and Vehicles in Illinois Act, during the period of time | ||||||
5 | such agreement is in effect as specified by the Department of | ||||||
6 | Commerce and Economic Opportunity. | ||||||
7 | (b) Two or more taxing districts in a county having more | ||||||
8 | than 100,000 but fewer than 120,000 inhabitants, as determined | ||||||
9 | by the 2020 federal decennial census, upon a majority vote of | ||||||
10 | each of their respective governing bodies, may agree to abate, | ||||||
11 | for a period not to exceed 30 consecutive tax years, a portion | ||||||
12 | of the real property taxes otherwise levied or extended by | ||||||
13 | those taxing districts on a REV Illinois Project facility | ||||||
14 | owned by an electric vehicle manufacturer, electric vehicle | ||||||
15 | component parts manufacturer, or electric vehicle power supply | ||||||
16 | manufacturer that is subject to an agreement with the | ||||||
17 | Department of Commerce and Economic Opportunity under Section | ||||||
18 | 45 of the Reimagining Energy and Vehicles in Illinois Act. The | ||||||
19 | agreement shall be filed with the county clerk who shall, for | ||||||
20 | the period the agreement remains in effect, abate the portion | ||||||
21 | of the real estate taxes levied or extended by those taxing | ||||||
22 | districts as directed in the agreement. Any such agreement | ||||||
23 | entered into by 2 or more taxing districts before the | ||||||
24 | effective date of this amendatory Act of the 103rd General | ||||||
25 | Assembly that is not inconsistent with the provisions of this | ||||||
26 | subsection (b) is hereby declared valid and enforceable for |
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