IL HB5435 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-01-31 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-01-31 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that municipalities and counties may establish manufacturing zones. Provides that, with respect to property that is owned or controlled by the owner or operator of a manufacturing facility that is located within a manufacturing zone, the assessed valuation of any capital investment in the property made by the owner or operator for the purpose of carrying out a manufacturing process for any taxable year in which the manufacturing zone is in effect shall be $0. Effective immediately.
Title
PROP TX-MANUFACTURING ZONES
Sponsors
History
Date | Chamber | Action |
---|---|---|
2022-01-31 | House | Referred to Rules Committee |
2022-01-31 | House | First Reading |
2022-01-28 | House | Filed with the Clerk by Rep. Deanne M. Mazzochi |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 10-21 | New Code | See Bill Text |
35 | 200 | 10-765 | New Code | See Bill Text |
35 | 200 | 10-770 | New Code | See Bill Text |
35 | 200 | 10-775 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5435&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/HB/10200HB5435.htm |