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Rep. Charles E. Jefferson
Filed: 2/18/2010
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09600HB1629ham001 |
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LRB096 05197 RLJ 36742 a |
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| AMENDMENT TO HOUSE BILL 1629
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| AMENDMENT NO. ______. Amend House Bill 1629 by replacing |
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| everything after the enacting clause with the following:
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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 a municipality under Section 7-1-13.5 of |
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| the Illinois Municipal Code, then (i) in the first taxable year |
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| after the property is annexed, the county clerk shall abate 75% |
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| of the property taxes imposed on that property by the annexing |
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| 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 annexing |
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| municipality, and (iii) in the third taxable year after the |
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| property is annexed, the county clerk shall abate 25% of the |
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09600HB1629ham001 |
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LRB096 05197 RLJ 36742 a |
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| property taxes imposed on that property by the annexing |
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| 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 of certain property; tax |
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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 one municipality, has been so |
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| 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 municipality by which it is |
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| bounded. The municipality must annex the property by ordinance. |
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| Within 30 days after the passage of the annexation ordinance, a |
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| copy of the ordinance and an accurate map of the territory |
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| annexed must be filed with the recorder and county clerk of the |
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| county in which the annexed territory is located. |
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| If property is annexed by a municipality under this |
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| Section, then taxes of the annexing 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.".
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