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Rep. Michael J. Zalewski
Filed: 5/16/2018
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| 1 | | AMENDMENT TO SENATE BILL 849
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 849 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 15-155 as follows:
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| 6 | | (35 ILCS 200/15-155)
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| 7 | | Sec. 15-155. Port districts. All property belonging to the
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| 8 | | the Chicago Regional
Port District or any other port district |
| 9 | | created by the legislature of this
State is exempt. However, a |
| 10 | | tax may be levied upon a lessee of such property
based on the |
| 11 | | value of a leasehold estate separate and apart from the fee, or
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| 12 | | upon improvements constructed and owned by others than the Port |
| 13 | | District. |
| 14 | | (Source: Laws 1961, p. 3370; P.A. 88-455.)".
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