97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3151
 
Introduced 2/24/2011, by Rep. Ron Stephens
 
SYNOPSIS AS INTRODUCED:
 

 



35 ILCS 200/10-155

     Amends the Property Tax Code.  Provides that property that is used as a private airport is eligible for open space land valuation.  Effective January 1, 2012.
  


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
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1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Property Tax Code is amended  by changing 
5Section 10-155 as follows:
 



6    (35 ILCS 200/10-155)



7    Sec. 10-155. Open space land; valuation. In all counties, 
8in
addition to valuation as otherwise permitted by law, land 
9which is used for
open space purposes and has been so used for 
10the 3 years immediately preceding
the year in which the 
11assessment is made, upon application under Section
10-160, 
12shall be valued on the basis of its fair cash value, estimated 
13at the
price it would bring at a fair, voluntary sale for use 
14by the buyer for open
space purposes.

15    Land is considered used for open space purposes if it is 
16more than 10 acres
in area and:


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


19        (b) protects air or streams or water supplies,


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


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


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


7        (f) preserves historic sites; or .

8        (g)  is used as a private airport in  a county with less 
9    than 3,000,000 inhabitants. 
10    Land is not considered used for open space purposes if it 
11is used primarily
for residential purposes.
12    If the land is improved with a water-retention dam that is 
13operated primarily for commercial purposes, the 
14water-retention dam is not considered to be used for open space 
15purposes despite the fact that any resulting man-made lake may 
16be considered to be used for open space purposes under this 
17Section.

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

 
 
19    Section 99. Effective date. This Act takes effect January 
201, 2012.