HB4730 - REVENUE-STATE PROPERTY
Illinois - 103rd General Assembly
Introduced byMichael J. Coffey
Last updated 8 months ago
1 Co-Sponsor
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall reimburse eligible municipalities for revenue loss associated with tax exempt State property located in the municipality. Provides that the aggregate amount of reimbursements for all taxing districts in any calendar year may not exceed $100,000,000. Sets forth the amount of the reimbursement. Effective immediately.
STATUS
Introduced
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