Bill Title: Amends the Property Tax Code. Provides that a regional wastewater facility shall be valued at 33 1/3% of the fair cash value of the facility, with consideration given to the probable net value that could be realized by the owner if the facility was removed and sold at a fair, voluntary sale, giving due account to the expense of removal, site restoration, and transportation. Provides that the alternate valuation for qualifying water treatment facilities applies only to the qualifying water treatment facility itself and not to the land on which the facility is located. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Passed) 2024-07-01 - Public Act . . . . . . . . . 103-0631 [SB2859 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Senator Steve McClure [R]	Primary	N/A	217-782-8206	SD-054	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Senator Chapin Rose [R]	Cosponsor	N/A	217-558-1006	SD-051	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Representative Anthony DeLuca [D]	Primary	Email	217-782-1719	HD-080	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dave Severin [R]	Cosponsor	Email	217-782-1051	HD-116	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart

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