96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4907


 
Introduced 1/15/2010, by Rep. Mike Bost
 
SYNOPSIS AS INTRODUCED:
 		





 








35 ILCS 200/10-155










     Amend the Property Tax Code.  Provides that, beginning in taxable year 2010, land that is used primarily as a vineyard is eligible for open space land valuation.  Effective immediately.
  















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FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 




  






HB4907

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    AN ACT concerning revenue.
  
 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:
  
 
 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 10-155 as follows:
 



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    (35 ILCS 200/10-155)



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    Sec. 10-155. Open space land; valuation. In all counties, 
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in
addition to valuation as otherwise permitted by law, land 
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which is used for
open space purposes and has been so used for 
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the 3 years immediately preceding
the year in which the 
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assessment is made, upon application under Section
10-160, 
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shall be valued on the basis of its fair cash value, estimated 
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at the
price it would bring at a fair, voluntary sale for use 
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by the buyer for open
space purposes.

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    Land is considered used for open space purposes if it is 
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more than 10 acres
in area and:


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        (a) is actually and exclusively used for maintaining or 
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    enhancing natural
or scenic resources,


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        (b) protects air or streams or water supplies,


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        (c) promotes conservation of soil, wetlands, beaches, 
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    or marshes,
including ground cover or planted perennial 
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    grasses, trees and shrubs and other
natural perennial 
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    growth, and including any body of water, whether man-made 
 


 






HB4907
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    or
natural,


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        (d) conserves landscaped areas, such as public or 
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    private golf courses,


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        (e) enhances the value to the public of abutting or 
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    neighboring parks,
forests, wildlife preserves, nature 
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    reservations, sanctuaries, or other open
spaces, or


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        (f) preserves historic sites.

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    Beginning in taxable year 2010, land is also considered 
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used for open space purposes if it is used primarily as a 
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vineyard. 
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    Land is not considered used for open space purposes if it 
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is used primarily
for residential purposes.
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    If the land is improved with a water-retention dam that is 
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operated primarily for commercial purposes, the 
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water-retention dam is not considered to be used for open space 
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purposes despite the fact that any resulting man-made lake may 
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be considered to be used for open space purposes under this 
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Section.

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(Source: P.A. 95-70, eff. 1-1-08.)

 
 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.