| ||||
| Public Act 103-0931 | ||||
| ||||
AN ACT concerning revenue. | ||||
Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly: | ||||
Section 5. The Property Tax Code is amended by changing | ||||
Section 18-180 as follows: | ||||
(35 ILCS 200/18-180) | ||||
Sec. 18-180. Abatement; urban decay. | ||||
(a) Except as provided below, a home rule municipality | ||||
upon adoption of an ordinance by majority vote of its | ||||
governing authority, may order the county clerk to abate, for | ||||
a period not to exceed 10 years, any percentage of the taxes | ||||
levied by the municipality and any other taxing district on | ||||
each parcel of property located in an area of urban decay | ||||
within the corporate limits of the municipality and upon which | ||||
a newly constructed or newly remodeled single-family or duplex | ||||
residential dwelling unit is located, except that the total | ||||
abatement for any levy year shall not be in an amount in excess | ||||
of 2% of the taxes extended by all taxing districts on all | ||||
parcels located within the township that contain residential | ||||
dwelling units of 6 units or less. In the case of a newly | ||||
remodeled single-family or duplex residential dwelling unit, | ||||
the amount of the abatement may not exceed the amount of | ||||
property taxes attributable to the improvements, and no | ||||
abatement shall be granted with respect to the value of the | ||
land. An abatement adopted under this Section shall be | ||
extended to all subsequent owners of an eligible property | ||
during the abatement period. The ordinance shall provide that | ||
the same percentage abatement of taxes shall apply to all | ||
eligible property subject to the abatement ordinance, except | ||
that any abatement granted for any parcel that is within a | ||
redevelopment area created under Division 74.4 of Article 11 | ||
of the Illinois Municipal Code at the time the ordinance is | ||
adopted shall not exceed the amount of taxes allocable to | ||
taxing districts. No abatement adopted under this Section | ||
shall apply to a parcel of property if the owner does not live | ||
in the single-family or one of the duplex residential units. | ||
Before final adoption of an abatement ordinance under this | ||
Section, the governing authority of the home rule municipality | ||
shall notify by mail each affected taxing district of the | ||
pending ordinance. This Section does not apply to property | ||
annexed by a municipality after January 1, 1989. For the | ||
purposes of this Section, a zero lot line dwelling, such as a | ||
townhouse or development, is considered a single-family | ||
residence. | ||
(b) The governing authority of each affected taxing | ||
district shall within 10 days appoint one member to serve on an | ||
Abatement Review Board to review the terms and conditions of | ||
the proposed abatement ordinance. The Board shall be convened | ||
by the mayor or village president of the municipality | ||
considering the abatement ordinance. The ordinance shall not | ||
be adopted less than 45 days after the Board is convened. | ||
Failure to appoint a member to the Board does not affect work | ||
of the Board. The Board shall report the findings and | ||
conclusions to the governing authority of the municipality not | ||
later than 30 days after it is convened. | ||
(c) Any abatement granted under this Section prior to the | ||
effective date of this amendatory Act of the 103rd General | ||
Assembly shall be reduced in 20% increments annually during | ||
the last 4 years of the abatement period for the property. | ||
(d) For purposes of this Section: | ||
(1) "Area of urban decay" means an area demonstrating | ||
conditions of a "blighted area" or "conservation area" as | ||
defined by Section 11-74.4-3 of the Illinois Municipal | ||
Code, notwithstanding the minimum acreage requirement | ||
contained in the definition of a "redevelopment project | ||
area" under that Section. Qualifying factors of blight or | ||
conservation shall be defined as those present within the | ||
year prior to adoption of the ordinance designating the | ||
area of urban decay. | ||
(2) "Duplex" means a 2 family residence that is not | ||
more than 2 stories plus a basement in height and is | ||
located on a single parcel of property. | ||
(3) "Newly constructed" means constructed and ready | ||
for occupancy not earlier than one year before the date | ||
the municipality first orders the abatement for the parcel | ||
under this Section. | ||
(4) "Newly remodeled" means that the property contains | ||
improvements that were completed not earlier than one year | ||
before the date the municipality first orders the | ||
abatement for the parcel under this Section. | ||
(Source: P.A. 87-1189; 88-455.) | ||
Section 99. Effective date. This Act takes effect upon | ||
becoming law. | ||