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]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator James Clayborne [D]	Primary	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pamela Althoff [R]	Cosponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Hastings [D]	Cosponsor	Sponsored Bills	SD-019	FollowTheMoney	Ballotpedia	VoteSmart
Senator David Luechtefeld [R]	Cosponsor	Sponsored Bills	SD-058	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Noland [D]	Cosponsor	Sponsored Bills	SD-022	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jay Hoffman [D]	Primary	Sponsored Bills	HD-113	FollowTheMoney	Ballotpedia	VoteSmart
Representative Eddie Jackson [D]	Cosponsor	Sponsored Bills	HD-114	FollowTheMoney	Ballotpedia	VoteSmart

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