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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5723 Introduced , by Rep. Sonya M. Harper SYNOPSIS AS INTRODUCED:
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| 35 ILCS 200/18-184.15 new | |
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Amends the Property Tax Code. Provides that a taxing district may abate any portion of its taxes on urban agricultural property located in the taxing district. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB5723 | | LRB100 20196 HLH 35481 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Section 18-184.15 as follows:
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| 6 | | (35 ILCS 200/18-184.15 new) |
| 7 | | Sec. 18-184.15. Abatement for urban agricultural property. |
| 8 | | Any taxing district may, upon a majority vote of its governing |
| 9 | | authority and after the determination of the assessed valuation |
| 10 | | of its property, order the county clerk to abate any portion of |
| 11 | | its taxes on urban agricultural property located in the taxing |
| 12 | | district. As used in this Section "urban agricultural property" |
| 13 | | means public or private property within the corporate |
| 14 | | boundaries of a municipality that is used to produce |
| 15 | | agricultural plants, poultry, or livestock.
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| 16 | | Section 99. Effective date. This Act takes effect upon |
| 17 | | becoming law.
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