House Sponsors: BIGGINS-MOORE,EUGENE-BIGGERT AND FANTIN. Senate Sponsors: WALSH,T-CLAYBORNE Short description: PROP TX-REAL ESTATE TRANSFER Synopsis of Bill as introduced: Amends the Real Estate Transfer Tax Law in the Property Tax Code. Provides that when the person filling out the real estate transfer declaration is not the buyer, it shall be the duty of the person filling out the declaration to furnish the buyer with a copy of the portions of the completed and signed declaration specifying the permanent real estate index numbers, the address to which the tax bill is to be mailed, and the legal description of the property so transferred. The copy shall be sent to the buyer, by certified mail, return receipt requested. Effective January 1, 1999. HOUSE AMENDMENT NO. 1. Deletes amendatory provisions concerning the real estate transfer declaration. Provides that it shall be the duty of the person filling out the real estate transfer declaration to furnish to the buyer a copy of certain information if (i) the person filling out the declaration is not the buyer, (ii) multiple parcels are conveyed, and (iii) at least one of the parcels is identified on the declaration as a residence. Provides that the information shall include all the permanent real estate index numbers, the address to which the tax bill is to be mailed, and the legal description of the property so transferred. Provides that the copy shall be sent to the buyer, by certified mail, return receipt requested. SENATE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/31-25 Adds reference to: 35 ILCS 200/21-385 35 ILCS 200/22-15 35 ILCS 200/22-20 Deletes everything. Amends the Property Tax Code. In counties of 3,000,000 or more inhabitants, allows a taxing district that is the tax deed petitioner to move for the appointment of a special process server of at least 18 years of age to serve notice of the property tax sale and the expiration and extension of the property's redemption period. Provides that the special process server shall make a return of the notice by filing an affidavit with the court clerk for the court record. SENATE AMENDMENT NO. 2. Adds an introductory clause before the amendatory provisions. SENATE AMENDMENT NO. 4. Adds reference to: 35 ILCS 200/9-195 35 ILCS 200/15-103 new Further amends the Property Tax Code. Provides that property owned by the Bi-State Development Agency of the Missouri-Illinois Metropolitan District is exempt from property taxes. Provides that the exemption is not affected by a leaseback or other similar agreement to obtain financing. Provides that the Agency's property is no longer exempt if the Agency's right to use, control, and possess the property terminates without an option to acquire the property or a provision of reverter. Provides that the chief county assessment officer shall determine initial and continuing compliance with the exemption requirements. CONFERENCE COMMITTEE REPORT NO. 1. (Adopted in House only) Recommends that the House concur in S-ams 1 and 2. Recommends that the Senate recede from S-am 4. Recommends that the bill be further amended as follows: Adds reference to: 35 ILCS 200/5-5 35 ILCS 200/12-50 35 ILCS 200/14-15 35 ILCS 200/16-95 35 ILCS 200/16-125 35 ILCS 200/16-160 35 ILCS 200/20-178 new Further amends the Property Tax Code. States that the board of review succeeds to the powers and duties of the board of appeals. Provides that in counties with 3,000,000 or more inhabitants, the notice of a changed assessment value shall also notify the taxpayer that the decision may be appealed within 30 days of receiving the notice or within 30 days of the date that the respective board transmits its final action on the township to the county assessor. Provides that the board shall publish the date of transmittal. Provides that a certificate of error may, at the discretion of the county assessor, be presented and received in evidence in any court of competent jurisdiction. Deletes the provision providing that a certificate issued under this provision may be issued to the person erroneously assessed. Provides that certificates presented to the court shall (now, may) be filed as an objection in the application for judgment and order of sale for the year or as an amendment to the objection. Provides that certificates of error certified under this provision need not be presented to the court as an objection or an amendment to the application for judgment and order of sale. Establishes form for certification of error by the county assessor and board of appeals (until the first Monday in December 1998 and board of review beginning the first Monday in December 1998 and thereafter). Deletes the provisions mandating service of the certification upon the State's Attorney and conditioning the county treasurer's power to issue refunds upon that service upon the State's Attorney. Provides that property owned by the Bi-State Development Agency of the Missouri-Illinois Metropolitan District is exempt from property taxes. Provides that the exemption is not affected by a leaseback or other similar agreement to obtain financing. Provides that an assessment may not be changed by the board until the taxpayer and the chief county assessment officer who certified the assessment have been notified and given an opportunity to be heard. Deletes the provisions requiring that notice be given to the person affected before an assessment is increased and requiring notice to be given to the assessor before an assessment is reduced. Provides that when the county collector makes any refunds due on certain certificates of error, then the collector shall pay the taxpayer interest on the refund at the rate of 0.5% per month. Provides that certain changes made by this amendatory Act of 1998 shall be effective beginning with the 1998 assessment year. Makes other changes. Makes entire bill effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 3 END OF INQUIRY Full Text Bill Status