Bill Amendment: IL SB0808 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: REVENUE-TECH
Status: 2024-05-24 - Rule 2-10 Third Reading Deadline Established As May 25, 2024 [SB0808 Detail]
Download: Illinois-2023-SB0808-Senate_Amendment_002.html
Bill Title: REVENUE-TECH
Status: 2024-05-24 - Rule 2-10 Third Reading Deadline Established As May 25, 2024 [SB0808 Detail]
Download: Illinois-2023-SB0808-Senate_Amendment_002.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 , for a period not to exceed 30 | ||||||
14 | consecutive tax years, any portion of real property taxes | ||||||
15 | otherwise levied or extended by the taxing district on a REV | ||||||
16 | Illinois Project facility owned by an electric vehicle |
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1 | manufacturer, electric vehicle component parts manufacturer, | ||||||
2 | renewable energy manufacturer, or an electric vehicle power | ||||||
3 | supply manufacturer that is subject to an agreement with the | ||||||
4 | Department of Commerce and Economic Opportunity under Section | ||||||
5 | 45 of the Reimagining Energy and Vehicles in Illinois Act, | ||||||
6 | during the period of time such agreement is in effect as | ||||||
7 | specified by the Department of Commerce and Economic | ||||||
8 | Opportunity. | ||||||
9 | (b) Two or more taxing districts, 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, renewable energy manufacturer, | ||||||
16 | or electric vehicle power supply manufacturer that is subject | ||||||
17 | to an agreement with the Department of Commerce and Economic | ||||||
18 | Opportunity under Section 45 of the Reimagining Energy and | ||||||
19 | Vehicles in Illinois Act. The agreement shall be filed with | ||||||
20 | the county clerk who shall, for the period the agreement | ||||||
21 | remains in effect, abate the portion of the real estate taxes | ||||||
22 | levied or extended by those taxing districts as directed in | ||||||
23 | the agreement. Any such agreement entered into by 2 or more | ||||||
24 | taxing districts before the effective date of this amendatory | ||||||
25 | Act of the 103rd General Assembly that is not inconsistent | ||||||
26 | with the provisions of this subsection (b) is hereby declared |
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1 | valid and enforceable for the effective period of that | ||||||
2 | agreement. | ||||||
3 | (Source: P.A. 102-669, eff. 11-16-21; 102-1125, eff. 2-3-23.)
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