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91_SB1292
LRB9109411SMdvA
1 AN ACT to amend the Property Tax Code by adding Section
2 15-185.
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 adding
6 Section 15-185 as follows:
7 (35 ILCS 200/15-185 new)
8 Sec. 15-185. Airport neighbor homestead exemption.
9 (a) As used in this Section:
10 "Airport noise zone" means all real estate impacted by
11 noise emanating from aircraft that is greater than 65 LDN, as
12 determined (i) by the most recent noise contour map approved
13 by the Federal Aviation Administration or (ii) by any data,
14 compiled by the use of noise monitoring equipment, that is
15 collected and filed with the assessor or chief assessment
16 officer by a municipality, a township, or a commission
17 authorized by an inter-governmental agreement.
18 "Homestead property" means residential property that is
19 occupied by its owner or owners as his, her, or their
20 principal dwelling place, or that is a leasehold interest on
21 which a single family residence is situated, that is occupied
22 as a residence by a person who has an ownership interest
23 therein, legal or equitable or as a lessee, and on which the
24 person is liable for the payment of property taxes.
25 "Life care facility" means a facility as defined in
26 Section 2 of the Life Care Facilities Act, with which the
27 applicant for the airport neighbor homestead exemption has a
28 life care contract as defined in that Act that requires the
29 applicant for the airport neighbor homestead exemption to pay
30 property taxes.
31 (b) Beginning in taxable year 2000, an annual airport
-2- LRB9109411SMdvA
1 neighbor homestead exemption limited, except as described in
2 this Section with relation to cooperatives, to a maximum
3 reduction of $4,500 from the equalized assessed value of the
4 property is granted for homestead property located within an
5 airport noise zone.
6 For land improved with an apartment building owned and
7 operated as a cooperative, or a building that is a life care
8 facility which shall be considered to be a cooperative, the
9 maximum reduction from the value of the property, as
10 equalized by the Department, shall be multiplied by the
11 number of apartments or units occupied by a person who is
12 liable, by contract with the owner or owners of record, for
13 paying property taxes on the property and is an owner of
14 record of a legal or equitable interest in the cooperative
15 apartment building, other than a leasehold interest.
16 In a cooperative where an airport neighbor homestead
17 exemption has been granted, the cooperative association or
18 its management firm shall credit the savings resulting from
19 that exemption only to the apportioned tax liability of the
20 owner who qualified for the exemption. Any person who
21 willfully refuses to so credit the savings shall be guilty of
22 a Class B misdemeanor.
23 When married persons maintain and reside in separate
24 residences qualifying as airport neighbor homestead property,
25 each residence shall receive 50% of the total reduction in
26 equalized assessed valuation provided by this Section.
27 The assessor or chief county assessment officer may
28 determine the eligibility of residential property to receive
29 the airport neighbor homestead exemption provided by this
30 Section by application, visual inspection, questionnaire, or
31 other reasonable methods. The determination shall be made in
32 accordance with guidelines established by the Department.
33 Section 90. The State Mandates Act is amended by adding
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1 Section 8.24 as follows:
2 (30 ILCS 805/8.24 new)
3 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
4 and 8 of this Act, no reimbursement by the State is required
5 for the implementation of any mandate created by this
6 amendatory Act of the 91st General Assembly.
7 Section 99. Effective date. This Act takes effect upon
8 becoming law.