Bill Title: Amends the Property Tax Code. Provides that a taxable PPV lease that (i) encumbers exempt real property located within a county of less than 600,000 inhabitants and (ii) is related to taxable real property used for military housing purposes may be assessed and valued pursuant to the terms of a real property tax assessment settlement agreement executed between the local county assessment officials and the taxpayer. Provides that those provisions apply to appeals that were pending as of January 1, 2006 or thereafter. Contains provisions concerning the settlement agreements. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Passed) 2016-08-15 - Public Act . . . . . . . . . 99-0818 [SB3149 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2016-08-15	HTML/Text	Link	View
Enrolled	2016-05-30	HTML/Text	Link	View
Engrossed	2016-04-20	HTML/Text	Link	View
Introduced	2016-02-19	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3149

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3149 currently on file.

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