96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB0220


 
Introduced 1/20/2009, by Rep. Timothy L. Schmitz
 
SYNOPSIS AS INTRODUCED:
 		








  



35 ILCS 200/15-25









    Amends the Property Tax Code. Provides that if the Department of Revenue determines that any
property has been unlawfully exempted from taxation for any year prior to the current assessment year, then that property is considered to be omitted property and may be assessed as set forth under certain provisions of the  Code. Effective immediately.
















LRB096 03026 HLH 13040 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB0220

LRB096 03026 HLH 13040 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 Property Tax Code is amended  by changing 
5
Section 15-25 as follows:
 



6
    (35 ILCS 200/15-25)



7
    Sec. 15-25. Removal of exemptions.  
8
    (a) If the Department determines that any
property has been 
9
unlawfully exempted from taxation, or is no longer entitled
to 
10
exemption, the Department shall, before January 1 of any year, 
11
direct the
chief county assessment officer to assess the 
12
property and return it to the
assessment rolls for the next 
13
assessment year.  The Department shall give
notice of its 
14
decision to the owner of the property by certified mail. The

15
decision shall be subject to review and hearing under Section 
16
8-35, upon
application by the owner filed within 60 days after 
17
the notice of
decision is
mailed.  However, the extension of 
18
taxes on the assessment shall not be delayed
by any proceedings 
19
under this Section.  If the property is determined to be
exempt, 
20
any taxes extended upon the assessment shall be abated or, if 
21
already
paid, be refunded.

22
    (b) If the Department determines that any
property has been 
23
unlawfully exempted from taxation for any year prior to the 
 


 






HB0220
- 2 -
LRB096 03026 HLH 13040 b




1
current assessment year, then that property is considered to be 
2
omitted property and may be assessed as set forth under 
3
Division 5 of Article 9 of this Code. 
4
(Source: P.A. 95-331, eff. 8-21-07.)

 

5
    Section 99. Effective date. This Act takes effect upon 
6
becoming law.