Sen. Michael Connelly
Filed: 2/26/2013
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 1519 




2    AMENDMENT NO. ______. Amend Senate Bill 1519 by replacing 
3everything after the enacting clause with the following:


 
 
4    "Section 5. The Property Tax Code is amended  by adding 
5Section 18-184.15 as follows:
 
6    (35 ILCS 200/18-184.15 new)
7    Sec. 18-184.15. Tool and manufacturing abatement.  
8Beginning in taxable year 2014, any taxing district may order 
9the county
clerk to abate all or a portion of the
taxes levied 
10by the taxing district on qualified tool and manufacturing 
11business property located within the taxing district.
12    "Qualified tool and manufacturing business" means a 
13business with (i) fewer than 75 full-time employees and (ii) a 
14North American Industrial Classification System (NAICS) 
15subsector classification of: 
16        Plastics and Rubber Products Manufacturing (326); 
 
 
09800SB1519sam001- 2 -LRB098 08307 HLH 41293 a

1        Primary Metal Manufacturing (331); 
2        Fabricated Metal Product Manufacturing (332); 
3        Machinery Manufacturing (333); 
4        Computer and Electronic Product Manufacturing (334); 
5        Electrical Equipment, Appliance, and Component 
6    Manufacturing (335); 
7        Transportation Equipment Manufacturing (336); 
8        Furniture and Related Product Manufacturing (337); or 
9        Miscellaneous Manufacturing (339). 
10    "Qualified tool and manufacturing business property" means 
11property owned by a qualified tool and manufacturing business 
12and used by that business primarily for tool and manufacturing 
13business operations.  "Qualified tool and manufacturing 
14business property" also includes property leased by a qualified 
15tool and manufacturing business and used primarily for tool and 
16manufacturing business operations if the qualified tool and 
17manufacturing business is liable for paying real property taxes 
18on the property.  Qualified tool and manufacturing business 
19property is considered to be used primarily for tool and 
20manufacturing business operations if 75% or more of the gross 
21revenue of the tool and manufacturing business is generated 
22from tool and manufacturing operations that take place on that 
23property during the taxable year.
 
 
24    Section 99. Effective date. This Act takes effect upon 
25becoming law.".