Bill Text: IL SB1593 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: Amends the Property Tax Code. Provides that parking areas owned by religious institutions, when leased or rented to a municipality for the purpose of providing free public parking, are exempt. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0455 [SB1593 Detail]
Download: Illinois-2017-SB1593-Chaptered.html
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Public Act 100-0455 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 15-125 as follows:
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(35 ILCS 200/15-125)
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Sec. 15-125. Parking areas. | ||||
(a) Parking areas, not leased
or used for profit other than | ||||
those lease or rental agreements subject to subsection (b) of | ||||
this Section, when used as a
part of a use for which an | ||||
exemption is provided by this Code and owned by
any school | ||||
district, non-profit hospital, school, or religious or
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charitable institution which meets the qualifications for | ||||
exemption, are
exempt.
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(b) Parking areas owned by any religious institution that | ||||
meets the qualifications for exemption, when leased or rented | ||||
to a mass transportation entity for the limited free parking of | ||||
the commuters of the mass transportation entity, are exempt.
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(c) Parking areas owned by any religious institution that | ||||
meets the qualifications for exemption, when leased or rented | ||||
to a municipality for the purpose of providing free public | ||||
parking, are exempt, so long as the lease is for no more than | ||||
nominal consideration. For purposes of this Section, |
maintenance and insurance of the parking areas by the | ||
municipality shall be considered nominal consideration. | ||
(Source: P.A. 93-1038, eff. 6-1-05 .)
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Section 90. The State Mandates Act is amended by adding | ||
Section 8.41 as follows:
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(30 ILCS 805/8.41 new) | ||
Sec. 8.41. Exempt mandate. Notwithstanding Sections 6 and 8 | ||
of this Act, no reimbursement by the State is required for the | ||
implementation of any mandate created by this amendatory Act of | ||
the 100th General Assembly.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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