<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5435         </title>
<shortdesc>PROP TX-MANUFACTURING ZONES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Deanne M. Mazzochi</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/Art. 10 Div. 21 heading new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-765 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-770 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-775 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Provides that municipalities and counties may establish manufacturing zones. Provides that, with respect to property that is owned or controlled by the owner or operator of a manufacturing facility that is located within a manufacturing zone, the assessed valuation of any capital investment in the property made by the owner or operator for the purpose of carrying out a manufacturing process for any taxable year in which the manufacturing zone is in effect shall be $0. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Deanne M. Mazzochi</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

