PROP TX-PPV LEASES House SponsorsRep. Scott Drury 1/10/2017HouseSession Sine Die 35 ILCS 200/10-36535 ILCS 200/10-37035 ILCS 200/10-380 Amends the Property Tax Code. In provisions concerning PPV leases, provides that the current method of classifying and valuing PPV leases expires on the earlier of (i) January 1, 2056 or (ii) January 1 of the calendar year in which the particular PPV lease terminates (now, January 1, 2016). Provides that, for naval training facilities, naval bases, and naval support facilities, "net operating income" means all revenues received minus the lesser of (i) 42% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization (now, all revenues received minus the lesser of (i) 62% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective immediately. 1/14/2015HouseFiled with the Clerk by Rep. Scott Drury 1/14/2015HouseFirst Reading 1/14/2015HouseReferred to Rules Committee 2/3/2015HouseAssigned to Revenue & Finance Committee 2/20/2015HouseTo Property Tax Subcommittee 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die