Rep. Charles E. Jefferson
Filed: 2/25/2010
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| 1 | AMENDMENT TO HOUSE BILL 1629
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| 2 | AMENDMENT NO. ______. Amend House Bill 1629 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Property Tax Code is amended by adding | ||||||
| 5 | Section 18-184.10 as follows: | ||||||
| 6 | (35 ILCS 200/18-184.10 new) | ||||||
| 7 | Sec. 18-184.10. Abatement for newly annexed property. If | ||||||
| 8 | property is annexed by the City of Rockford under Section | ||||||
| 9 | 7-1-13.5 of the Illinois Municipal Code, then (i) in the first | ||||||
| 10 | taxable year after the property is annexed, the county clerk | ||||||
| 11 | shall abate 75% of the property taxes imposed on that property | ||||||
| 12 | by the municipality, (ii) in the second taxable year after the | ||||||
| 13 | property is annexed, the county clerk shall abate 50% of the | ||||||
| 14 | property taxes imposed on that property by the municipality, | ||||||
| 15 | and (iii) in the third taxable year after the property is | ||||||
| 16 | annexed, the county clerk shall abate 25% of the property taxes | ||||||
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| 1 | imposed on that property by the municipality. | ||||||
| 2 | Section 10. The Illinois Municipal Code is amended by | ||||||
| 3 | adding Section 7-1-13.5 as follows: | ||||||
| 4 | (65 ILCS 5/7-1-13.5 new) | ||||||
| 5 | Sec. 7-1-13.5. Annexation by the City of Rockford; tax | ||||||
| 6 | abatement. If unincorporated territory, excluding single | ||||||
| 7 | parcels of property in excess of 60 acres located within the | ||||||
| 8 | territory, is wholly bounded by the City of Rockford, has been | ||||||
| 9 | so bounded for at least 10 years, and no petition for | ||||||
| 10 | incorporation has been filed for the territory, then the | ||||||
| 11 | territory may be annexed by the City of Rockford. The City of | ||||||
| 12 | Rockford must annex the property by ordinance. Within 30 days | ||||||
| 13 | after the passage of the annexation ordinance, a copy of the | ||||||
| 14 | ordinance and an accurate map of the territory annexed must be | ||||||
| 15 | filed with the recorder and county clerk of the county in which | ||||||
| 16 | the annexed territory is located. | ||||||
| 17 | If property is annexed by the City of Rockford pursuant to | ||||||
| 18 | this Section, then the taxes of the municipality shall be | ||||||
| 19 | abated on that property for the first 3 years as provided in | ||||||
| 20 | Section 18-184.10 of the Property Tax Code.
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| 21 | Section 99. Effective date. This Act takes effect upon | ||||||
| 22 | becoming law.".
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