Bill > SB0221

This bill amends the Property Tax Code to expand property tax exemptions for educational facilities by specifically including licensed not-for-profit child care centers. Under the proposed change, property that is donated, granted, received, or used for a licensed not-for-profit child care center would be exempt from property taxes, similar to existing exemptions for schools, colleges, and universities. The bill adds language to Section 15-35 of the Property Tax Code to explicitly include these child care centers in the list of tax-exempt educational properties. This means that properties used by licensed not-for-profit child care centers would be treated the same as other educational institutions for tax purposes, potentially reducing the financial burden on such centers and potentially encouraging the establishment and maintenance of these important community resources. The modification is a relatively narrow but potentially impactful change that recognizes child care centers as valuable educational institutions.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=221&GAID=18&DocTypeID=SB&SessionID=114&GA=104