PERMANENTLY MOORED CRAFT
SB 2659 establishes legal definitions and tax classification for permanently moored watercraft in Illinois, affecting vessel owners' tax obligations and marina regulations.
SB 2659 establishes legal definitions and tax classification for permanently moored watercraft in Illinois, affecting vessel owners' tax obligations and marina regulations.
SB 2659 addresses the regulation and taxation of permanently moored watercraft in Illinois. The bill establishes or modifies legal definitions, ownership requirements, and property tax treatment for boats and vessels that are kept in fixed locations rather than actively used for navigation. This legislation clarifies the status of these craft under state law and their associated financial obligations.
Permanently moored craft represent a gray area in property taxation and vessel regulation across many states. This bill directly affects boat owners, marinas, and local taxing bodies by determining whether these vessels are classified as personal property, real property, or a hybrid category—which determines how much tax owners pay and what regulations apply. The outcome influences waterfront development, recreational boating accessibility, and municipal revenue.
Compiled from official sources — confirm details with the bill’s official record.
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