Margo McDermed
- Republican
Primary
Amends the State Finance Act. Provides that, beginning on January 1, 2028 (currently, January 1, 2021), moneys received from the rental of land, buildings, or improvements on property held for the development of an airport in Will County by the Department of Transportation shall be paid into the General Revenue Fund instead of the Tax Recovery Fund. Amends the Property Tax Code. Provides that, with respect to real property in Will County owned by the State for the purpose of developing an airport, payments made to compensate taxing districts for leasehold taxes shall be calculated based on the 2019 property tax year (currently, 2002). Effective immediately.
No votes to display
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Natalie A. Manley
To Property Tax Subcommittee
Added Chief Co-Sponsor Rep. Lindsay Parkhurst
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Margo McDermed
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