HB5893 EnrolledLRB098 19106 HLH 54257 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 16-130 as follows:
 
6    (35 ILCS 200/16-130)
7    Sec. 16-130. Exemption procedures; board of appeals; board
8of review. Whenever the board of appeals (until the first
9Monday in December 1998 and the board of review beginning the
10first Monday in December 1998 and thereafter) in any county
11with 3,000,000 or more inhabitants determines that any property
12is or is not exempt from taxation, the decision of the board
13shall not be final, except as to homestead exemptions. Upon
14filing of any application for an exemption which would, if
15approved, reduce the assessed valuation of any property by more
16than $100,000, other than a homestead exemption, the owner
17shall give timely notice of the application by mailing a copy
18of it to any municipality, fire protection district, school
19district, and community college district in which such property
20is situated. Failure of a municipality, fire protection
21district, school district, or community college district to
22receive the notice shall not invalidate any exemption. The
23board shall give the municipalities, fire protection

 

 

HB5893 Enrolled- 2 -LRB098 19106 HLH 54257 b

1districts, school districts, and community college districts
2and the taxpayer an opportunity to be heard. In all exemption
3cases other than homestead exemptions, the secretary of the
4board shall comply with the provisions of Section 5-15. The
5Department shall then determine whether the property is or is
6not legally liable to taxation. It shall notify the board of
7its decision and the board shall correct the assessment
8accordingly, if necessary. The decision of the Department is
9subject to review under Sections 8-35 and 8-40. The extension
10of taxes on any assessment shall not be delayed by any
11proceedings under this paragraph, and, in case the property is
12determined to be exempt, any taxes extended upon the
13unauthorized assessment shall be abated or, if already paid,
14shall be refunded.
15(Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff.
168-14-96.)
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.