|
|
|
|
96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3369
Introduced 2/10/2010, by Sen. Mike Jacobs SYNOPSIS AS INTRODUCED:
|
|
35 ILCS 200/18-185.10 new |
|
|
Amends the Property Tax Code. Provides that the corporate authorities of a home rule municipality with less than 1,000,000 inhabitants, or the governing body of any taxing district located in whole or in part within a home rule municipality with less than 1,000,000 inhabitants, may abate all or a portion of the property taxes levied on each parcel of residential property that is owned by a person participating in a qualified low-income homeownership program. Effective immediately.
|
| |
|
|
| FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
|
|
|
A BILL FOR
|
|
|
|
|
SB3369 |
|
LRB096 20566 HLH 36256 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 adding |
| 5 |
| Section 18-185.10 as follows:
|
| 6 |
| (35 ILCS 200/18-185.10 new) |
| 7 |
| Sec. 18-185.10. Abatement for residence of a person |
| 8 |
| participating in a low-income homeownership program. |
| 9 |
| (a) The corporate authorities of a home rule municipality |
| 10 |
| with less than 1,000,000 inhabitants, or the governing body of |
| 11 |
| any taxing district located in whole or in part within a home |
| 12 |
| rule municipality with less than 1,000,000 inhabitants may, |
| 13 |
| upon a majority vote of the governing body, order the county |
| 14 |
| clerk to abate any percentage of the taxes levied by the |
| 15 |
| municipality or taxing district on each parcel of qualified |
| 16 |
| residential property that is (i) located within the corporate |
| 17 |
| limits of the municipality and (ii) owned by a person |
| 18 |
| participating in a qualified low-income homeownership program. |
| 19 |
| (b) As used in this Section, "qualified low-income |
| 20 |
| homeownership program" means a program administered by a |
| 21 |
| municipality or housing authority to assist low-income persons |
| 22 |
| in purchasing their own homes. |
| 23 |
| (c) The corporate authorities may provide, by law, for the |