95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2928


 
Introduced 2/26/2007, by Rep. Tom Cross
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 250/5









    Amends the Longtime Owner-Occupant Property Tax Relief Act.
Makes a technical change in a Section concerning public policy.
















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A BILL FOR









 











HB2928

LRB095 09314 BDD 29508 b






1
    AN ACT concerning revenue.

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Longtime Owner-Occupant Property Tax Relief 
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Act is amended by changing Section 5 as follows:
 



6
    (35 ILCS 250/5)



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    Sec. 5. Public policy. In recognition of the
the severe 
8
economic circumstances
of certain longtime owner-occupants of 
9
residences who are faced with rising
living costs and 
10
constantly increasing tax burdens in areas where real property

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values have risen markedly as a consequence of the renovation 
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of other
deteriorating residences or the construction of new 
13
residences, the General
Assembly considers it to be a matter of 
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sound public policy for counties having
a population of 100,000 
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or more to adopt uniform special real property tax
relief 
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provisions in order to allow longtime owner-occupants of 
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residences to
remain in peaceful possession of their homes.
18
(Source: P.A. 88-451.)