PROPERTY TAX-AIRPORT PROPERTY
Summary
Amends the State Finance Act. Provides that, beginning on January 1, 2028 (currently, January 1, 2021), moneys received from the rental of land, buildings, or improvements on property held for the development of an airport in Will County by the Department of Transportation shall be paid into the General Revenue Fund instead of the Tax Recovery Fund. Amends the Property Tax Code. Provides that, with respect to real property in Will County owned by the State for the purpose of developing an airport, payments made to compensate taxing districts for leasehold taxes shall be calculated based on the 2019 property tax year (currently, 2002). Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 24, 2019
Last action Mar 29, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
4
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 14, 2019
Lower · Passed
To Property Tax Subcommittee
lower
Feb 5, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Jan 28, 2019
Committee
Referred to Rules Committee
lower
0 primary · 3 co-sponsors
Sponsors
No sponsor information available.
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