Comments: IL HB3426 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Property Tax Code. Provides that, if an airport authority enters into a lease with a tenant to occupy space on airport premises, and the tenant is liable for the payment of property taxes on the property, the lease shall contain certain language regarding the liability of the tenant for unpaid taxes. Provides that, if the tenant fails to make timely payment of those taxes, the tenant shall be liable for an additional penalty not to exceed the amount of taxes in arrears. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Engrossed) 2019-05-31 - Rule 3-9(a) / Re-referred to Assignments [HB3426 Detail]

Text: Latest bill text (Engrossed) [HTML]

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