The bill amends the Enterprise Zone Act of 1985 by updating Section 21c to include new provisions regarding property tax exemptions. Specifically, it adds that property located in a HOPE zone, as defined by the Helping Opportunity Prosper Everywhere (HOPE) Zone Act, is also exempt from specific taxes levied under the Enterprise Zone Act, alongside properties in renaissance zones. The language clarifies that the specific tax must be disbursed proportionately to local taxing units that have levied special assessments or certain taxes under the General Property Tax Act.

Additionally, the bill modifies the definition of "casino" to include not only casinos but also associated facilities such as parking lots, hotels, motels, and retail stores owned or operated by casinos. The amendments also replace certain phrases for clarity, such as changing "shall" to "must" in the context of tax disbursement. The enactment of this bill is contingent upon the passage of two other specified bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 125.2121