92nd General Assembly
Status of HB3062
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 Full Text  Bill Summary

   35 ILCS 200/Art. 11, Div. 4 heading new                                     
   35 ILCS 200/11-130 new                                                      
   35 ILCS 200/11-135 new                                                      
   35 ILCS 200/11-140 new                                                      
   35 ILCS 200/11-145 new                                                      
   35 ILCS 200/11-150 new                                                      
   35 ILCS 200/11-155 new                                                      
   35 ILCS 200/11-160 new                                                      
   35 ILCS 200/11-165 new                                                      
   35 ILCS 200/11-170 new                                                      

        Amends the Property Tax Code.  Provides that a  qualifying  water      
   treatment facility means a water treatment facility that is owned by a      
   not   for   profit   corporation  that  sells  potable  water  to  the      
   corporation's members on a mutual or cooperative and  not  for  profit      
   basis.   Provides  that qualifying water treatment facilities shall be      
   valued for purposes of computing the assessed valuation on  the  basis      
   of  33 1/3% of the fair cash value, which shall be determined based on      
   the value of the facility if it were removed from the site  and  sold.      
   Provides  for  application  for  a qualifying water treatment facility      
   certificate from the Department  of  Natural  Resources  and  judicial      
   review for aggrieved parties.  Authorizes the Department of Revenue to      
   adopt   rules  concerning  the  assessment  of  qualified  facilities.      
   Effective January 1, 2002.                                                  
   FEB-28-2001  H  FILED WITH CLERK                                               
   FEB-28-2001  H  FIRST READING                                                  
   FEB-28-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-01-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary