HB1629 Engrossed

LRB096 05197 RLJ 15263 b






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    AN ACT concerning local government.

 
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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 18-184.10 as follows:
 
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    (35 ILCS 200/18-184.10 new)
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    Sec. 18-184.10. Abatement for newly annexed property.  If 
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property is annexed by the City of Rockford under Section 
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7-1-13.5 of the Illinois Municipal Code, then (i) in the first 
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taxable year after the property is annexed, the county clerk 
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shall abate 75% of the property taxes imposed on that property 
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by the municipality, (ii) in the second taxable year after the 
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property is annexed, the county clerk shall abate 50% of the 
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property taxes imposed on that property by the municipality,  
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and (iii) in the third taxable year after the property is 
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annexed, the county clerk shall abate 25% of the property taxes 
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imposed on that property by the municipality.
 
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    Section 10. The Illinois Municipal Code is amended  by 
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adding Section 7-1-13.5 as follows:
 
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    (65 ILCS 5/7-1-13.5 new)
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    Sec. 7-1-13.5. Annexation by the City of Rockford; tax 
 


 






HB1629 Engrossed
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LRB096 05197 RLJ 15263 b




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abatement. If unincorporated territory, excluding single 
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parcels of property in excess of 60 acres located within the 
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territory, is wholly bounded by the City of Rockford, has been 
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so bounded for at least 10 years, and no petition for 
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incorporation has been filed for the territory, then the 
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territory may be annexed by the City of Rockford. The City of 
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Rockford must annex the property by ordinance. Within 30 days 
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after the passage of the annexation ordinance, a copy of the 
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ordinance and an accurate map of the territory annexed must be 
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filed with the recorder and county clerk of the county in which 
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the annexed territory is located.
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    If property is annexed by the City of Rockford pursuant to 
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this Section, then the taxes of the municipality shall be 
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abated on that property for the first 3 years as provided in 
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Section 18-184.10 of the Property Tax Code. 
 

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