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90_HB2198
35 ILCS 200/10-60
Amends the Property Tax Code. Makes a technical change
in the Section concerning the certificate of status for
historic buildings.
LRB9000119KRkb
LRB9000119KRkb
1 AN ACT to amend the Property Tax Code by changing Section
2 10-60.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 10-60 as follows:
7 (35 ILCS 200/10-60)
8 Sec. 10-60. Certificate of status. It is the duty of
9 the titleholder of record or the owner of the beneficial
10 interest of any historic building that which has been issued
11 a certificate of rehabilitation, to file with the chief
12 county assessment officer, on or before January 31 of each
13 year, an affidavit stating whether there has been any change
14 in the ownership or use of such property, the status of the
15 owner-occupant, or, in the case of a cooperative, whether
16 there has been a change in the use of the property or a
17 change in the cooperative form of ownership. If there has
18 been such a change, the nature of this change shall be
19 stated. Failure to file such an affidavit shall, in the
20 discretion of the chief county assessment officer, constitute
21 cause to revoke the certificate of rehabilitation. The chief
22 county assessment officer shall furnish to the owner a form
23 for the affidavit wherein the owner may state whether there
24 has been any change in the ownership or use of the property
25 or the status of the owner. If the chief county assessment
26 officer determines that the historic building is no longer
27 used as an owner-occupied single family residence, or that
28 there has been a sale or transfer for value of the historic
29 building other than to the first owner-occupant after the
30 issuance of a certificate of rehabilitation, or that the
31 historic building no longer meets the definition of a
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1 cooperative, he or she shall revoke the certificate by
2 written notice to the taxpayer of record, and shall send a
3 copy of that notice to the Department.
4 (Source: P.A. 88-455; 89-675, eff. 8-14-96.)