HB4470 103RD GENERAL ASSEMBLY

LRB103 36262 HLH 66359 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4470

Introduced 1/17/2024, by Rep. Janet Yang Rohr

SYNOPSIS AS INTRODUCED:

35 ILCS 200/15-87 new

Amends the Property Tax Code. Provides that certain property on which a community-integrated living arrangement is located is entitled to a reduction in its equalized assessed value in an amount equal to the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence is multiplied by $2,000. Effective immediately.

A BILL FOR

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 adding Section 15-87 as follows:

(35 ILCS 200/15-87 new)

Sec. 15-87. Community-integrated living arrangements.

(a) Beginning in taxable year 2025, property that is used exclusively for the operation of a community-integrated living arrangement is entitled to a reduction in the equalized assessed value of the property as provided in subsection (b). If the community-integrated living arrangement is not operated by a not-for-profit organization, then the reduction under this Section applies only if all of the following conditions are met:

(1) the property must be owned by a resident of the community-integrated living arrangement, by a family member of a resident of the community-integrated living arrangement, or by a limited liability company that has a member who is a resident of the community-integrated living arrangement or a family member of a resident of the community-integrated living arrangement;

(2) the community-integrated living arrangement must be the principal place of residence of at least one other person who is not a family member of an owner or member described in item (1);

(3) the community-integrated living arrangement must be licensed under the Community-Integrated Living Arrangements Licensure and Certification Act; and

(4) the owner of the property may not be the owner of any other community-integrated living arrangement.

(b) The amount of the reduction shall be the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence, as determined for the month of the taxable year when the community-integrated living arrangement has the largest number of occupants, is multiplied by $2,000. In no event may a reduction under this Section reduce the equalized assessed value of the property to less than zero.

(c) Application for the reduction under this Section must be made during the application period in effect for the county in which the property is located. The assessor or chief county assessment officer may determine the eligibility of residential property to receive the reduction by application, visual inspection, questionnaire, or other reasonable methods.

(d) As used in this Section:

"Community-integrated living arrangement" has the meaning given to that term in Section 3 of the Community-Integrated Living Arrangements Licensure and Certification Act.

"Family member" means a spouse, civil union partner, child, stepchild, grandchild, sibling, aunt, uncle, niece, nephew, first cousin, parent, stepparent, or grandparent of a person who is a resident of the community-integrated living arrangement.

Section 99. Effective date. This Act takes effect upon becoming law.