IL SB3210 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Property Tax Code. In a Section concerning exemptions for leaseback property, provides that the Section applies to all property that is exempt under Article 15 of the Property Tax Code. Provides that, for exemption purposes, the property shall be treated as though the lessee were the owner of the property as long as the property on which the leased improvements is located is used for school, religious, or charitable purposes pursuant to that lease or any renewal of that lease. Contains provisions requiring that the funds received from the conveyance of the property must be used for certain purposes. Provides that projects using funds from the sale of certain property that is subject to a leaseback are subject to the provisions of the Illinois Prevailing Wage Act for the initial construction of the improvements and all bidders for those projects shall comply with the Illinois Procurement Code. Effective immediately.

Tracking Information

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Title

PROP TX-LEASEBACK

Sponsors


Roll Calls

2012-05-15 - Senate - Third Reading in Senate (Y: 39 N: 14 NV: 6 Abs: 0) [PASS]

History

DateChamberAction
2013-01-08SenateSession Sine Die
2012-05-15HouseReferred to Rules Committee
2012-05-15HouseFirst Reading
2012-05-15HousePlaced on Calendar Order of First Reading
2012-05-15HouseChief House Sponsor Rep. Jehan A. Gordon
2012-05-15HouseArrived in House
2012-05-15SenateThird Reading - Passed; 039-014-001
2012-05-15SenatePlaced on Calendar Order of 3rd Reading
2012-05-15SenateSenate Floor Amendment No. 1 Adopted; Koehler
2012-05-15SenateRecalled to Second Reading
2012-05-15SenateRule 2-10 Third Reading Deadline Established As May 25, 2012
2012-05-08SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 006-002-000
2012-05-08SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
2012-05-07SenateSenate Floor Amendment No. 1 Referred to Assignments
2012-05-07SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
2012-04-26SenateRule 2-10 Third Reading Deadline Established As May 11, 2012
2012-04-26SenateRule 2-10 Third Reading Deadline Established As April 26, 2012
2012-03-28SenatePlaced on Calendar - Consideration Postponed March 29, 2012
2012-03-28SenateThird Reading - Consideration Postponed
2012-03-28SenateVerified
2012-03-27SenatePlaced on Calendar Order of 3rd Reading March 28, 2012
2012-03-27SenateSecond Reading
2012-03-27SenateChief Sponsor Changed to Sen. David Koehler
2012-02-23SenatePlaced on Calendar Order of 2nd Reading February 24, 2012
2012-02-23SenateDo Pass Judiciary; 008-001-001
2012-02-07SenateAssigned to Judiciary
2012-02-02SenateSponsor Removed Sen. David Koehler
2012-02-02SenateAdded as Chief Co-Sponsor Sen. David Koehler
2012-02-01SenateReferred to Assignments
2012-02-01SenateFirst Reading
2012-02-01SenateFiled with Secretary by Sen. James F. Clayborne, Jr.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-185Amended CodeCitation Text

Illinois State Sources


Bill Comments

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