SB 217 — PARKING TAX-EXEMPTIONS

Summary

Amends the Parking Excise Tax Act. Provides that the tax does not apply to: (1) a parking area or garage operated by the State, a State university, or a unit of local government; (2) the purchase of a parking space by the State, a State university, or a unit of local government for use by employees of the State, State university, or unit of local government; (3) a parking space leased to a governmental entity for use by the public; or (4) a parking area or garage owned and operated by a person engaged in the business of renting real estate and used by the lessee to park motor vehicles, recreational vehicles, or self-propelled vehicles for the lessee's own use. Effective immediately. House Floor Amendment No. 1 Deletes reference to: 35 ILCS 525/10-20 Adds reference to: 20 ILCS 3855/1-130 35 ILCS 200/15-37 35 ILCS 200/21-260 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 205 ILCS 5/2 from Ch. 17, par. 302 205 ILCS 5/30 from Ch. 17, par. 337 205 ILCS 620/Art. IIA heading new 205 ILCS 620/2A-1 new 205 ILCS 620/2A-2 new 205 ILCS 620/2A-3 new 205 ILCS 725/11 new Replaces everything after the enacting clause. Amends the Illinois Power Agency Act. Provides that a home rule preemption concerning taxes or fees related to electricity is repealed on January 1, 2023 (currently, January 1, 2022). Amends the Property Tax Code. Provides that property that is owned or leased (currently, owned) by a non-profit trust fund and used exclusively for the purposes of educating and training individuals for occupational, trade, and technical careers and is certified by the United States Department of Labor as registered with the Office of Apprenticeship is exempt from taxation under the Code. Provides that, after filing a petition to obtain a tax deed, the owner of a certificate of purchase must file with the clerk of the circuit court (currently, the county clerk) the names and addresses of persons who are entitled to service of notice. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that "redevelopment project costs" include costs payable to businesses located within the redevelopment area that have experienced business interruption or other adverse conditions directly or indirectly attributable to the COVID-19 public health emergency. Amends the Corporate Fiduciary Act to create the Special Purpose Trust Company Authority and Organization Article. Provides that a corporation that has been or shall be incorporated under the general corporation laws of the State for the special purpose of providing fiduciary custodial services or providing other like or related services as specified by rule may be appointed to act as a fiduciary with respect to such services and shall be designated a special purpose trust company. Provides that the Department of Financial and Professional Regulation shall adopt rules for the administration of the Article, and that specified Articles of the Corporate Fiduciary Act shall apply to a special purpose trust company as if the special purpose trust company were a trust company. Amends the Illinois Banking Act. In provisions concerning conversion and merger with trust companies, provides that a special purpose trust company may merge with a State bank or convert to a State bank as if the special purpose trust company were a trust company. Provides that the Department shall have the authority to adopt rules, opinions, or interpretive letters regarding the provision of custodial services for digital assets by banks, savings banks, credit unions, and corporate fiduciaries authorized under the Certificate Of Authority And Organization Article or Special Purpose Trust Company Authority And Organization Article of the Corporate Fiduciary Act. Effective immediately. House Floor Amendment No. 2 Deletes reference to: 205 ILCS 5/2 from Ch. 17, par. 302 205 ILCS 5/30 from Ch. 17, par. 337 205 ILCS 620/Art. IIA heading new 205 ILCS 620/2A-1 new 205 ILCS 620/2A-2 new 205 ILCS 620/2A-3 new 205 ILCS 725/11 new Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Reinserts the provisions of House Amendment No. 1, but removes provisions from House Amendment No. 1 concerning special purpose trust companies. Provides that the changes to the Property Tax Code in House Amendment No. 1 concerning educational trade schools apply only in a county with a population of more than 3,000,000 inhabitants and a county with a population of more than 600,000 inhabitants but not more than 700,000 inhabitants. Effective immediately. House Floor Amendment No. 3 In provisions concerning a property tax exemption for educational trade schools, provides that a taxpayer may claim the exemption for only one property per county.

Bill Text

• Engrossed View text Current pdf
• Introduced View text pdf

• House Amendment 003 Show changes
• House Amendment 002 Show changes
• House Amendment 001 Show changes

Action History

1. January 10, 2023

   Session Sine Die

2. November 28, 2021

   Pursuant to Senate Rule 3-9(b) / Referred to Assignments

3. October 28, 2021

   Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - October 28, 2021

4. October 28, 2021

   Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3

5. October 28, 2021

   Third Reading - Short Debate - Passed 109-002-001

6. October 28, 2021

   3/5 Vote Required

7. October 28, 2021

   Placed on Calendar Order of 3rd Reading - Short Debate

8. October 28, 2021

   House Floor Amendment No. 3 Adopted

9. October 28, 2021

   House Floor Amendment No. 2 Adopted

10. October 28, 2021

    House Floor Amendment No. 1 Adopted

11. October 28, 2021

    House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-001-000

12. October 28, 2021

    House Floor Amendment No. 3 Referred to Rules Committee

13. October 28, 2021

    House Floor Amendment No. 3 Filed with Clerk by Rep. Michael J. Zalewski

14. October 28, 2021

    House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000

15. October 27, 2021

    House Floor Amendment No. 2 Referred to Rules Committee

16. October 27, 2021

    House Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski

17. October 27, 2021

    House Floor Amendment No. 1 Recommends Be Adopted Revenue & Finance Committee; 012-000-000

18. October 27, 2021

    House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee

19. October 26, 2021

    House Floor Amendment No. 1 Referred to Rules Committee

20. October 26, 2021

    House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski

21. October 14, 2021

    Placed on Calendar 2nd Reading - Short Debate

22. October 14, 2021

    Approved for Consideration Rules Committee; 003-001-000

23. June 02, 2021

    Rule 19(a) / Re-referred to Rules Committee

24. May 28, 2021

    Final Action Deadline Extended-9(b) May 31, 2021

25. March 17, 2021

    Held on Calendar Order of Second Reading - Short Debate

26. March 17, 2021

    Second Reading - Short Debate

27. March 17, 2021

    Placed on Calendar 2nd Reading - Short Debate

28. March 17, 2021

    Do Pass / Short Debate Executive Committee; 009-006-000

29. March 11, 2021

    Assigned to Executive Committee

30. March 11, 2021

    Referred to Rules Committee

31. March 11, 2021

    First Reading

32. March 11, 2021

    Chief House Sponsor Rep. Michael J. Zalewski

33. March 11, 2021

    Arrived in House

34. March 10, 2021

    Third Reading - Passed; 056-000-000

35. March 09, 2021

    Placed on Calendar Order of 3rd Reading March 10, 2021

36. March 09, 2021

    Second Reading

37. March 05, 2021

    Placed on Calendar Order of 2nd Reading March 9, 2021

38. March 05, 2021

    Do Pass Revenue; 011-000-000

39. February 24, 2021

    Assigned to Revenue

40. February 17, 2021

    Referred to Assignments

41. February 17, 2021

    First Reading

42. February 17, 2021

    Filed with Secretary by Sen. Cristina Castro

Sponsors

• Cristina Castro · Primary
• Michael J. Zalewski · Primary

Votes

Subjects