Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 200/15
Engrossed: 35 ILCS 200/15
Enrolled: 35 ILCS 200/15
Public Act: 35 ILCS 200/15