Bill Title: Amends the Property Tax Code. Provides that the hospital exemption does not apply if (i) the subject property is located in a municipality that would be disproportionately impacted by the exemption and (ii) the hospital's net income for the hospital year is 8% or more of its revenue for the hospital year if the exemption is not applied to the property. Provides that the municipality would be disproportionately impacted by the exemption if (1) the municipality in which the property is located has a population of 10% or less of the total population of all municipalities served by the hospital and (2) the municipality provides services to 50% of more of the hospital's properties in the county in which the municipality is located. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB3634 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-05-24	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3634

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3634 currently on file.

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