99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2538

 

Introduced 2/16/2016, by Sen. Pat McGuire

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/9-45

    Amends the Property Tax Code. Provides that property that is (i) located within a county of less than 1,000,000 inhabitants and (ii) used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement if litigation is or was pending as to its assessed valuation as of January 1, 2003 or thereafter. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2538LRB099 17015 HLH 41369 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 9-45 as follows:
 
6    (35 ILCS 200/9-45)
7    Sec. 9-45. Property index number system. The county clerk
8in counties of 3,000,000 or more inhabitants and, subject to
9the approval of the county board, the chief county assessment
10officer or recorder, in counties of less than 3,000,000
11inhabitants, may establish a property index number system under
12which property may be listed for purposes of assessment,
13collection of taxes or automation of the office of the
14recorder. The system may be adopted in addition to, or instead
15of, the method of listing by legal description as provided in
16Section 9-40. The system shall describe property by township,
17section, block, and parcel or lot, and may cross-reference the
18street or post office address, if any, and street code number,
19if any. The county clerk, county treasurer, chief county
20assessment officer or recorder may establish and maintain cross
21indexes of numbers assigned under the system with the complete
22legal description of the properties to which the numbers
23relate. Index numbers shall be assigned by the county clerk in

 

 

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1counties of 3,000,000 or more inhabitants, and, at the
2direction of the county board in counties with less than
33,000,000 inhabitants, shall be assigned by the chief county
4assessment officer or recorder. Tax maps of the county clerk,
5county treasurer or chief county assessment officer shall carry
6those numbers. The indexes shall be open to public inspection
7and be made available to the public. Any property index number
8system established prior to the effective date of this Code
9shall remain valid. However, in counties with less than
103,000,000 inhabitants, the system may be transferred to another
11authority upon the approval of the county board.
12    Any real property used for a power generating or automotive
13manufacturing facility located within a county of less than
141,000,000 inhabitants, as to which litigation with respect to
15its assessed valuation is pending or was pending as of January
161, 1993, may be the subject of a real property tax assessment
17settlement agreement among the taxpayer and taxing districts in
18which it is situated. In addition, any real property that is
19(i) used for natural gas extraction and fractionation, or
20olefin and polymer manufacturing, or petroleum refining and
21(ii) located within a county of less than 1,000,000 inhabitants
22may be the subject of a real property tax assessment settlement
23agreement among the taxpayer and taxing districts in which the
24property is situated if litigation is or was pending as to its
25assessed valuation as of January 1, 2003 or thereafter. Other
26appropriate authorities, which may include county and State

 

 

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1boards or officials, may also be parties to such agreements.
2Such agreements may include the assessment of the facility or
3property for any years in dispute as well as for up to 10 years
4in the future. Such agreements may provide for the settlement
5of issues relating to the assessed value of the facility and
6may provide for related payments, refunds, claims, credits
7against taxes and liabilities in respect to past and future
8taxes of taxing districts, including any fund created under
9Section 20-35 of this Act, all implementing the settlement
10agreement. Any such agreement may provide that parties thereto
11agree not to challenge assessments as provided in the
12agreement. An agreement entered into on or after January 1,
131993 may provide for the classification of property that is the
14subject of the agreement as real or personal during the term of
15the agreement and thereafter. It may also provide that taxing
16districts agree to reimburse the taxpayer for amounts paid by
17the taxpayer in respect to taxes for the real property which is
18the subject of the agreement to the extent levied by those
19respective districts, over and above amounts which would be due
20if the facility were to be assessed as provided in the
21agreement. Such reimbursement may be provided in the agreement
22to be made by credit against taxes of the taxpayer. No credits
23shall be applied against taxes levied with respect to debt
24service or lease payments of a taxing district. No referendum
25approval or appropriation shall be required for such an
26agreement or such credits and any such obligation shall not

 

 

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1constitute indebtedness of the taxing district for purposes of
2any statutory limitation. The county collector shall treat
3credited amounts as if they had been received by the collector
4as taxes paid by the taxpayer and as if remitted to the
5district. A county treasurer who is a party to such an
6agreement may agree to hold amounts paid in escrow as provided
7in the agreement for possible use for paying taxes until
8conditions of the agreement are met and then to apply these
9amounts as provided in the agreement. No such settlement
10agreement shall be effective unless it shall have been approved
11by the court in which such litigation is pending. Any such
12agreement which has been entered into prior to adoption of this
13amendatory Act of 1988 and which is contingent upon enactment
14of authorizing legislation shall be binding and enforceable.
15(Source: P.A. 96-609, eff. 8-24-09.)
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.