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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0234 Introduced 01/25/11, by Rep. Tom Cross - Timothy L. Schmitz SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Provides that applications for open space valuation must be filed by June 30 (instead of January 31). Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB0234 | | LRB097 05947 HLH 46016 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 10-160 as follows:
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| 6 | | (35 ILCS 200/10-160)
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| 7 | | Sec. 10-160. Open space; application process. For taxable |
| 8 | | years prior to 2011, the The person liable for taxes
on land |
| 9 | | used for open space purposes must file a verified application
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| 10 | | requesting the additional open space valuation with the chief |
| 11 | | county assessment
officer by January 31 of each year for which |
| 12 | | that valuation is desired. For taxable year 2011 and |
| 13 | | thereafter, the person liable for taxes
on land used for open |
| 14 | | space purposes must file a verified application
requesting the |
| 15 | | additional open space valuation with the chief county |
| 16 | | assessment
officer by June 30 of each year for which that |
| 17 | | valuation is desired. If the
application is not filed by |
| 18 | | January 31 (for taxable years prior to 2011) or June 30 (for |
| 19 | | taxable year 2011 and thereafter), the taxpayer waives the |
| 20 | | right to claim
that additional valuation for that year. The |
| 21 | | application shall be in the form
prescribed by the Department |
| 22 | | and contain information as may reasonably be
required to |
| 23 | | determine whether the applicant meets the requirements of |