Sen. Mike Jacobs
Filed: 3/2/2010
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 3369 




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    AMENDMENT NO. ______. Amend Senate Bill 3369 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 18-167 as follows:
 
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    (35 ILCS 200/18-167 new)
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    Sec. 18-167. Abatement for residence of a person 
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participating in a low-income homeownership program.
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    (a) The corporate authorities of a home rule municipality 
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with less than 1,000,000 inhabitants, or the governing body of 
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any taxing district located in whole or in part within a home 
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rule municipality with less than 1,000,000 inhabitants may, 
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upon a majority vote of the governing body, order the county 
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clerk to abate any percentage of the taxes levied by the 
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municipality or taxing district on each parcel of qualified 
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residential property that is (i) located within the corporate 
 


 






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limits of the municipality and (ii) owned by a person 
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participating in a qualified low-income homeownership program. 
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    (b) As used in this Section, "qualified low-income 
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homeownership program" means a program administered by a 
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municipality or housing authority to assist low-income persons 
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in purchasing their own homes. 
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    (c) The corporate authorities may provide, by law, for the 
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amount and duration of an abatement under this Section and for 
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any other provision necessary to carry out the provisions of 
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this Section. 
 
 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".