PROP TAX-EXEMPT PROPERTY

Amends the Property Tax Code. Expands the list of exempt properties not required to annually file for an exemption to include properties owned by public schools, the State, taxing districts, public libraries, fire protection districts, municipalities, housing authorities, public transportation systems, bi-state development agencies, park and conservation districts, and other specified public bodies and units of local government (currently, the list includes properties used for burial grounds or religious purposes, and property of the United States government). Effective immediately.