103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5273
 
Introduced 2/9/2024, by Rep. Stephanie A. Kifowit
 
SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-87 new
    Amends the Property Tax Code. Creates a reduction in the equalized assessed value of property containing a qualified nursing home in an amount equal to 50% of the equalized assessed value of the nursing home property. Provides that a qualified nursing home is a facility licensed under the Nursing Home Care Act that is located in a census tract with a median household income of less than 150% of the federal poverty level and that has a resident population that is at least 90% Medicaid eligible. Effective immediately.


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A BILL FOR
 
HB5273LRB103 38024 HLH 68156 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding 
5Section 15-87 as follows:
 
6    (35 ILCS 200/15-87 new)
7    Sec. 15-87. Nursing home reduced valuation. 
8    (a) Notwithstanding any other provision of law, for 
9taxable year 2025 and thereafter, property containing a 
10qualified nursing home is entitled to a reduction in its 
11equalized assessed value equal to 50% of its equalized 
12assessed value.
13    (b) Each qualified nursing home applying for a reduction 
14under this Section shall apply to the chief county assessment 
15officer of the county in which the nursing home is located in 
16the form and manner required by the chief county assessment 
17officer. The application shall specify the records required in 
18support of the application, and those records shall be 
19submitted to the chief county assessment officer with the 
20application form. 
21    (c) As used in this Section, "qualified nursing home" 
22means a facility licensed under the Nursing Home Care Act that 
23(i) is located in a census tract with a median household income 
 
 
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1of less than 150% of the federal poverty level, as determined 
2using the poverty guidelines updated periodically in the 
3Federal Register by the United States Department of Health and 
4Human Services under the authority of 42 U.S.C. 9902(2), and 
5(ii) has a resident population that is at least 90% Medicaid 
6eligible. 
 
7    Section 99. Effective date. This Act takes effect upon 
8becoming law.