IL HB0880 | 2019-2020 | 101st General Assembly

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Finance Act. Provides that, beginning on January 1, 2028 (currently, January 1, 2021), moneys received from the rental of land, buildings, or improvements on property held for the development of an airport in Will County by the Department of Transportation shall be paid into the General Revenue Fund instead of the Tax Recovery Fund. Amends the Property Tax Code. Provides that, with respect to real property in Will County owned by the State for the purpose of developing an airport, payments made to compensate taxing districts for leasehold taxes shall be calculated based on the 2019 property tax year (currently, 2002). Effective immediately.

Tracking Information

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Title

PROPERTY TAX-AIRPORT PROPERTY

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-26HouseAdded Co-Sponsor Rep. Natalie A. Manley
2019-02-14HouseTo Property Tax Subcommittee
2019-02-11HouseAdded Chief Co-Sponsor Rep. Lindsay Parkhurst
2019-02-05HouseAssigned to Revenue & Finance Committee
2019-01-28HouseReferred to Rules Committee
2019-01-28HouseFirst Reading
2019-01-24HouseFiled with the Clerk by Rep. Margo McDermed

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301056z-59Amended CodeCitation Text
3520015-55Amended CodeCitation Text
706055-2Amended CodeCitation Text

Illinois State Sources


Bill Comments

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