Bill Title: Amends the Property Tax Code. Provides that certain leasehold property that is used for an airport, for parking, or for waste disposal or processing and is used for a non-exempt purpose is subject to taxation as a leasehold for the period of time during which it is used for that non-exempt purpose. Provides that the use of a portion of that property for a non-exempt purpose shall have no effect on (i) the exemption of the remaining portion of the property that continues to be used for an exempt purpose or (ii) the future exemption of that same portion of the property if it ceases to be used for a non-exempt purpose and returned to use for an exempt purpose.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2019-08-23 - Public Act . . . . . . . . . 101-0551 [SB1456 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2019-08-26	HTML/Text	Link	View
Enrolled	2019-05-30	HTML/Text	Link	View
Engrossed	2019-03-26	HTML/Text	Link	View
Introduced	2019-02-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 002	2019-05-21	Proposed	HTML/Text	Link	View
House Amendment 001	2019-05-15	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1456 currently on file.

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