Full Text of HB5893 98th General Assembly
HB5893enr 98TH GENERAL ASSEMBLY
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| | HB5893 Enrolled | | LRB098 19106 HLH 54257 b |
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| | 1 | | AN ACT concerning revenue.
| | 2 | | Be it enacted by the People of the State of Illinois,
| | 3 | | represented in the General Assembly:
| | 4 | | Section 5. The Property Tax Code is amended by changing | | 5 | | Section 16-130 as follows:
| | 6 | | (35 ILCS 200/16-130)
| | 7 | | Sec. 16-130.
Exemption procedures; board of appeals; board | | 8 | | of
review. Whenever the board of appeals
(until the first | | 9 | | Monday in December 1998 and the board of review
beginning the | | 10 | | first Monday in December 1998 and thereafter)
in any county | | 11 | | with 3,000,000 or more inhabitants determines that any
property | | 12 | | is or is not exempt from taxation, the decision of the board | | 13 | | shall not
be final, except as to homestead exemptions. Upon | | 14 | | filing of any application
for an exemption which would, if | | 15 | | approved, reduce the assessed valuation of any
property by more | | 16 | | than $100,000, other than a homestead exemption, the owner
| | 17 | | shall give timely notice of the application by mailing a copy | | 18 | | of it to any
municipality, fire protection district, school | | 19 | | district, and community college district in which such
property | | 20 | | is situated. Failure of a municipality, fire protection | | 21 | | district, school district, or community
college district to | | 22 | | receive the notice shall not invalidate any exemption. The
| | 23 | | board shall give the municipalities, fire protection |
| | | HB5893 Enrolled | - 2 - | LRB098 19106 HLH 54257 b |
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| | 1 | | districts, school districts, and community college
districts | | 2 | | and the taxpayer an opportunity to be heard. In all exemption | | 3 | | cases
other than homestead exemptions, the secretary of the | | 4 | | board shall
comply with the provisions of Section 5-15. The | | 5 | | Department shall then determine
whether the property is or is | | 6 | | not legally liable to taxation. It shall notify
the board of | | 7 | | its decision and the board shall correct the assessment
| | 8 | | accordingly, if necessary. The decision of the Department is | | 9 | | subject to review
under Sections 8-35 and 8-40. The extension | | 10 | | of taxes on any assessment shall
not be delayed by any | | 11 | | proceedings under this paragraph, and, in case the
property is | | 12 | | determined to be exempt, any taxes extended upon the | | 13 | | unauthorized
assessment shall be abated or, if already paid, | | 14 | | shall be refunded.
| | 15 | | (Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff. | | 16 | | 8-14-96.)
| | 17 | | Section 99. Effective date. This Act takes effect upon | | 18 | | becoming law.
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