PROP TX-PPV LEASES Senate SponsorsSen. James F. Clayborne, Jr., David S. Luechtefeld-Pamela J. Althoff and Michael Noland-Michael E. Hastings House Sponsors(Rep. Jay Hoffman and Eddie Lee Jackson, Sr.) 8/15/2016SenatePublic Act . . . . . . . . . 99-0818 35 ILCS 200/10-385 newAmends the Property Tax Code. Provides that a taxable PPV lease that (i) encumbers exempt real property located within a county of less than 600,000 inhabitants and (ii) is related to taxable real property used for military housing purposes may be assessed and valued pursuant to the terms of a real property tax assessment settlement agreement executed between the local county assessment officials and the taxpayer. Provides that those provisions apply to appeals that were pending as of January 1, 2006 or thereafter. Contains provisions concerning the settlement agreements. Effective immediately. 2/19/2016SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/19/2016SenateFirst Reading 2/19/2016SenateReferred to Assignments 3/2/2016SenateAdded as Co-Sponsor Sen. David S. Luechtefeld 3/8/2016SenateAssigned to Revenue 3/9/2016SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 3/16/2016SenateDo Pass Revenue; 010-000-000 3/16/2016SenatePlaced on Calendar Order of 2nd Reading March 17, 2016 3/21/2016SenateAdded as Co-Sponsor Sen. Michael Noland 4/11/2016SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings 4/19/2016SenateSecond Reading 4/19/2016SenatePlaced on Calendar Order of 3rd Reading April 20, 2016 4/20/2016SenateThird Reading - Passed; 055-000-000 4/21/2016HouseArrived in House 4/21/2016HouseChief House Sponsor Rep. Jay Hoffman 4/21/2016HouseFirst Reading 4/21/2016HouseReferred to Rules Committee 5/2/2016HouseAssigned to Revenue & Finance Committee 5/13/2016HouseRule 19(a) / Re-referred to Rules Committee 5/19/2016HouseAssigned to Revenue & Finance Committee 5/19/2016HouseFinal Action Deadline Extended-9(b) May 27, 2016 5/19/2016HouseAdded Alternate Co-Sponsor Rep. Eddie Lee Jackson, Sr. 5/26/2016HouseDo Pass / Short Debate Revenue & Finance Committee; 011-000-000 5/26/2016HousePlaced on Calendar 2nd Reading - Short Debate 5/26/2016HouseSecond Reading - Short Debate 5/26/2016HouseHeld on Calendar Order of Second Reading - Short Debate 5/27/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/27/2016HouseFinal Action Deadline Extended-9(b) May 31, 2016 5/29/2016HouseThird Reading - Short Debate - Passed 111-001-000 5/29/2016SenatePassed Both Houses 6/27/2016SenateSent to the Governor 8/15/2016SenateGovernor Approved 8/15/2016SenateEffective Date August 15, 2016 8/15/2016SenatePublic Act . . . . . . . . . 99-0818