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13-2046
| 1 | | 10-23-1013 Amendment to the Cook County Retail Transfer Trax | Ordinance Amendment | PROPOSED ORDINANCE AMENDMENT
AN AMENDMENT TO THE COOK COUNTY REAL ESTATE TRANSFER TAX
BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 Taxation, Article III, Real Estate Transfer Tax, Section 74-101 Definitions of the Cook County Code is hereby amended as Follows:
SSec. 74-101. Definitions.
The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:
Beneficial interest in real property includes, but is not limited to:
(1) The beneficial interest in an Illinois land trust;
(2) The lessee interest in a ground lease (including any interest of lessee in the related improvements) that provides for a term of 30 or more years when all options to renew or extend are included, whether or not any portion of the term has expired; or
(3) The indirect interest in real property as reflected by a controlling interest in a real estate entity.
Controlling interest means:
(1) Fifty percent or more of the combined voting power or | recommend for approval | Pass |
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13-2239
| 1 | | Appointee(s): Michael W. Lewis | Appointment | PROPOSED APPOINTMENT
Appointee(s): Michael W. Lewis
Position: Director
Department/Board/Commission: Board of Directors of the Regional Transportation Authority
Effective date: Immediate
Expiration date: March 31, 2018 | recommend for approval | Pass |
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