Illinois 2025-2026 Regular Session

Illinois Senate Bill SB0221 Compare Versions

Only one version of the bill is available at this time.

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1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0221 Introduced 1/22/2025, by Sen. Michael W. Halpin SYNOPSIS AS INTRODUCED: 35 ILCS 200/15-35 Amends the Property Tax Code. Provides that property that is donated, granted, received, or used for a licensed not-for-profit child care center is exempt. LRB104 02924 HLH 12940 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0221 Introduced 1/22/2025, by Sen. Michael W. Halpin SYNOPSIS AS INTRODUCED: 35 ILCS 200/15-35 35 ILCS 200/15-35 Amends the Property Tax Code. Provides that property that is donated, granted, received, or used for a licensed not-for-profit child care center is exempt. LRB104 02924 HLH 12940 b LRB104 02924 HLH 12940 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0221 Introduced 1/22/2025, by Sen. Michael W. Halpin SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/15-35 35 ILCS 200/15-35
4	4	35 ILCS 200/15-35
5	5	Amends the Property Tax Code. Provides that property that is donated, granted, received, or used for a licensed not-for-profit child care center is exempt.
6	6	LRB104 02924 HLH 12940 b LRB104 02924 HLH 12940 b
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8	8	A BILL FOR
9	9	SB0221LRB104 02924 HLH 12940 b SB0221 LRB104 02924 HLH 12940 b
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11	11	1 AN ACT concerning revenue.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Property Tax Code is amended by changing
15	15	5 Section 15-35 as follows:
16	16	6 (35 ILCS 200/15-35)
17	17	7 Sec. 15-35. Schools. All property donated by the United
18	18	8 States for school purposes, and all property of schools, not
19	19	9 sold or leased or otherwise used with a view to profit, is
20	20	10 exempt, whether owned by a resident or non-resident of this
21	21	11 State or by a corporation incorporated in any state of the
22	22	12 United States. Also exempt is:
23	23	13 (a) property of schools which is leased to a
24	24	14 municipality to be used for municipal purposes on a
25	25	15 not-for-profit basis;
26	26	16 (b) property of schools on which the schools are
27	27	17 located and any other property of schools used by the
28	28	18 schools exclusively for school purposes, including, but
29	29	19 not limited to, student residence halls, dormitories and
30	30	20 other housing facilities for students and their spouses
31	31	21 and children, staff housing facilities, and school-owned
32	32	22 and operated dormitory or residence halls occupied in
33	33	23 whole or in part by students who belong to fraternities,
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0221 Introduced 1/22/2025, by Sen. Michael W. Halpin SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/15-35 35 ILCS 200/15-35
39	39	35 ILCS 200/15-35
40	40	Amends the Property Tax Code. Provides that property that is donated, granted, received, or used for a licensed not-for-profit child care center is exempt.
41	41	LRB104 02924 HLH 12940 b LRB104 02924 HLH 12940 b
42	42	LRB104 02924 HLH 12940 b
43	43	A BILL FOR
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68	68	1 sororities, or other campus organizations;
69	69	2 (c) property donated, granted, received, or used for
70	70	3 public school, college, theological seminary, university,
71	71	4 or other educational purposes, including licensed
72	72	5 not-for-profit child care centers, whether held in trust
73	73	6 or absolutely;
74	74	7 (d) in counties with more than 200,000 inhabitants
75	75	8 which classify property, property (including interests in
76	76	9 land and other facilities) on or adjacent to (even if
77	77	10 separated by a public street, alley, sidewalk, parkway or
78	78	11 other public way) the grounds of a school, if that
79	79	12 property is used by an academic, research or professional
80	80	13 society, institute, association or organization which
81	81	14 serves the advancement of learning in a field or fields of
82	82	15 study taught by the school and which property is not used
83	83	16 with a view to profit;
84	84	17 (e) property owned by a school district. The exemption
85	85	18 under this subsection is not affected by any transaction
86	86	19 in which, for the purpose of obtaining financing, the
87	87	20 school district, directly or indirectly, leases or
88	88	21 otherwise transfers the property to another for which or
89	89	22 whom property is not exempt and immediately after the
90	90	23 lease or transfer enters into a leaseback or other
91	91	24 agreement that directly or indirectly gives the school
92	92	25 district a right to use, control, and possess the
93	93	26 property. In the case of a conveyance of the property, the
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104	104	1 school district must retain an option to purchase the
105	105	2 property at a future date or, within the limitations
106	106	3 period for reverters, the property must revert back to the
107	107	4 school district.
108	108	5 (1) If the property has been conveyed as described
109	109	6 in this subsection, the property is no longer exempt
110	110	7 under this Section as of the date when:
111	111	8 (A) the right of the school district to use,
112	112	9 control, and possess the property is terminated;
113	113	10 (B) the school district no longer has an
114	114	11 option to purchase or otherwise acquire the
115	115	12 property; and
116	116	13 (C) there is no provision for a reverter of
117	117	14 the property to the school district within the
118	118	15 limitations period for reverters.
119	119	16 (2) Pursuant to Sections 15-15 and 15-20 of this
120	120	17 Code, the school district shall notify the chief
121	121	18 county assessment officer of any transaction under
122	122	19 this subsection. The chief county assessment officer
123	123	20 shall determine initial and continuing compliance with
124	124	21 the requirements of this subsection for tax exemption.
125	125	22 Failure to notify the chief county assessment officer
126	126	23 of a transaction under this subsection or to otherwise
127	127	24 comply with the requirements of Sections 15-15 and
128	128	25 15-20 of this Code shall, in the discretion of the
129	129	26 chief county assessment officer, constitute cause to
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140	140	1 terminate the exemption, notwithstanding any other
141	141	2 provision of this Code.
142	142	3 (3) No provision of this subsection shall be
143	143	4 construed to affect the obligation of the school
144	144	5 district to which an exemption certificate has been
145	145	6 issued under this Section from its obligation under
146	146	7 Section 15-10 of this Code to file an annual
147	147	8 certificate of status or to notify the chief county
148	148	9 assessment officer of transfers of interest or other
149	149	10 changes in the status of the property as required by
150	150	11 this Code.
151	151	12 (4) The changes made by this amendatory Act of the
152	152	13 91st General Assembly are declarative of existing law
153	153	14 and shall not be construed as a new enactment; and
154	154	15 (f) in counties with more than 200,000 inhabitants
155	155	16 which classify property, property of a corporation, which
156	156	17 is an exempt entity under paragraph (3) of Section 501(c)
157	157	18 of the Internal Revenue Code or its successor law, used by
158	158	19 the corporation for the following purposes: (1) conducting
159	159	20 continuing education for professional development of
160	160	21 personnel in energy-related industries; (2) maintaining a
161	161	22 library of energy technology information available to
162	162	23 students and the public free of charge; and (3) conducting
163	163	24 research in energy and environment, which research results
164	164	25 could be ultimately accessible to persons involved in
165	165	26 education.
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