IL SB0665

Amends Property Tax Code Section 15-65 to add a new exemption (subsection g) for vacant lots used to cultivate and sell fresh fruits and vegetables by nonprofit corporations or associations.

Allows nonprofit organizations to qualify for property tax exemption on leased or owned vacant lots if they are not controlled by agricultural or commercial businesses and use all profits to further their nonprofit mission.

Amends Illinois Municipal Code to add Section 11-11-4, authorizing municipalities to lease vacant lots to nonprofits for up to 25 years (renewable in 25-year increments) for fruit and vegetable cultivation and sales.

Permits municipalities to sell or convey vacant lots to nonprofits at nominal consideration without competitive bidding, provided the property reverts to the municipality if used for purposes other than cultivation or sale of fresh fruits and vegetables.

Requires at least 10 days' notice and a public hearing before municipalities approve any property sale under this section, and restricts sales of properties with unexpiring leases unless the lease permits such a sale.