95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3492


 
Introduced 2/28/2007, by Rep. Charles E. Jefferson
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 200/18-182 new










    Amends the Property Tax Code. Authorizes a  home rule municipality, by ordinance, to 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 owner-occupied single-family residence that is located in an area of urban decay within the corporate limits of the municipality. Limits the amount of the abatement to 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. Sets forth procedures for adopting an abatement ordinance. Effective immediately.
















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FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB3492

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    AN ACT concerning revenue.

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


 
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    Section 5. The Property Tax Code is amended  by adding 
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Section 18-182 as follows:
 
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    (35 ILCS 200/18-182  new)
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    Sec. 18-182. Abatement; urban decay; residence.
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    (a) A home rule municipality, by ordinance, may order the 
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county clerk to abate, for a period not to exceed 10 years, any 
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percentage of the taxes levied by the municipality and any 
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other taxing district on each owner-occupied single-family 
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residence that is located in an area of urban decay within the 
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corporate limits of the municipality. The total abatement for 
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any levy year, however, may not exceed 2% of the taxes extended 
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by all taxing districts on all parcels located within the 
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township that contain residential dwelling units of 6 units or 
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less.
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    (b) An abatement adopted under this Section must be 
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extended to all subsequent owners of an eligible property 
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during the abatement period. The ordinance must provide that 
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the same percentage abatement of taxes applies to all eligible 
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property subject to the abatement ordinance, except that any 
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abatement granted for any parcel that is within a redevelopment 
 


 






HB3492
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area created under Division 74.4 of Article 11 of the Illinois 
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Municipal Code at the time the ordinance is adopted may not 
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exceed the amount of taxes allocable to taxing districts.
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    (c) Before the final adoption of an abatement ordinance 
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under this Section, the governing authority of the home rule 
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municipality must notify, by mail, each affected taxing 
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district of the pending ordinance. The governing authority of 
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each affected taxing district shall, within 10 days after 
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receiving this notification, appoint one member to serve on an 
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abatement review board to review the terms and conditions of 
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the proposed abatement ordinance. The board shall be convened 
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by the mayor or village president of the municipality 
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considering the abatement ordinance. The ordinance may not be 
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adopted less than 45 days after the Board is convened. A 
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failure by a taxing district to appoint a member to the Board 
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does not affect work of the Board. The Board shall report the 
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findings and conclusions to the governing authority of the 
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municipality not later than 30 days after it is convened.
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    (d) For the purposes of this Section, "area of urban decay" 
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has the meaning set forth under subsection (d) of Section 
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18-180 of this Code.
 

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