96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB0305


 
Introduced 1/23/2009, by Rep. Robert Rita
 
SYNOPSIS AS INTRODUCED:
 		
















35 ILCS 200/15-15




35 ILCS 200/15-20









    Amends the Property Tax Code.  Provides that, if exempt property is leased,
loaned, or otherwise made available for profit, the titleholder or the owner of
the beneficial interest must file a copy of the lease or agreement with the collector's office.  Provides that, if there is a  change in use, leasehold estate, or titleholder of record for exempt property, then the transferee must notify the collector's office in writing within 30 days of the change.  Effective immediately.
















LRB096 02887 HLH 12901 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB0305

LRB096 02887 HLH 12901 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 
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Sections 15-15 and 15-20 as follows:
 



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    (35 ILCS 200/15-15)



7
    Sec. 15-15. Obligation to file copies of leases or 
8
agreements. If any
property listed as exempt by the chief 
9
county assessment officer is leased,
loaned or otherwise made 
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available for profit, the titleholder or the owner of
the 
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beneficial interest shall file with the assessment officer and 
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the collector's office a copy of all
such leases or agreements 
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and a complete description of the premises, so the
chief county 
14
assessment officer can ascertain the exact size and location of

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the premises in order to create a tax parcel.  Failure to file 
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such leases,
agreements or descriptions with both the 
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assessment officer and the collector's office shall, in the 
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discretion of the chief county
assessment officer, constitute 
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cause to terminate the exemption,
notwithstanding any other 
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provision of this Code.

21
(Source: P.A. 87-895; 87-1189; 88-455.)

 



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    (35 ILCS 200/15-20)



 


 






HB0305
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LRB096 02887 HLH 12901 b




1
    Sec. 15-20. Notification requirements after change in use 
2
or ownership. If
any property listed as exempt by the chief 
3
county assessment officer has a
change in use, a change in 
4
leasehold estate, or a change in titleholder of
record by 
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purchase, grant, taking or transfer, it is the obligation of 
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the
transferee to notify the chief county assessment officer 
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and the collector's office in writing within 30
days of the 
8
change.  The notice shall be sent by certified mail, return 
9
receipt
requested, and shall include the name and address of 
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the taxpayer, the legal
description of the property, the 
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address of the property, and the permanent
index number of the 
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property where such number exists.  If the failure to give
such 
13
notification results in the assessment officer listing the 
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property as
exempt in subsequent years, the property shall be 
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considered omitted property
for purposes of this Code.

16
(Source: P.A. 87-895; 87-1189; 88-455; incorporates 88-221;

17
88-670, eff. 12-2-94.)

 

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