93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4400

 

Introduced 2/3/2004, by Rich Brauer

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/10-300
30 ILCS 805/8.28 new

    Amends the veterans organization assessment freeze provisions of the Property Tax Code. Provides that, for taxable years 2004 and thereafter, the assessed value of real property owned by a veterans organization and used by its members and guests for parking at the principal building for the post, camp, or chapter is eligible for the assessment freeze provided now for property on which is located the principal building for the post, camp, or chapter. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.


LRB093 18046 SJM 43732 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

HB4400 LRB093 18046 SJM 43732 b

1     AN ACT concerning taxes.
 
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 changing
5 Section 10-300 as follows:
 
6     (35 ILCS 200/10-300)
7     Sec. 10-300. Veterans organization assessment freeze.
8     (a) For the taxable year 2000 and thereafter, the assessed
9 value of real property owned and used by a veterans
10 organization chartered under federal law, on which is located
11 the principal building for the post, camp, or chapter, and, for
12 taxable years 2004 and thereafter, the assessed value of real
13 property owned or used by such an organization that is owned
14 and used by the organization's members and guests for parking
15 at the principal building for the post, camp, or chapter, must
16 be frozen by the chief county assessment officer at (i) 15% of
17 the 1999 assessed value of the property for property that
18 qualifies for the assessment freeze in taxable year 2000 or
19 (ii) 15% of the assessed value of the property for the taxable
20 year that the property first qualifies for the assessment
21 freeze after taxable year 2000. If, in any year, improvements
22 or additions are made to the property that would increase the
23 assessed value of the property were it not for this Section,
24 then 15% of the assessed value of such improvements shall be
25 added to the assessment of the property for that year and all
26 subsequent years the property is eligible for the freeze.
27     (b) The veterans organization must annually submit an
28 application to the chief county assessment officer on or before
29 (i) January 31 of the assessment year in counties with a
30 population of 3,000,000 or more and (ii) December 31 of the
31 assessment year in all other counties. The initial application
32 must contain the information required by the Department of

 

 

HB4400 - 2 - LRB093 18046 SJM 43732 b

1 Revenue, including (i) a copy of the organization's
2 congressional charter, (ii) the location or description of the
3 property on which is located the principal building for the
4 post, camp, or chapter, (iii) a written instrument evidencing
5 that the organization is the record owner or has a legal or
6 equitable interest in the property, (iv) an affidavit that the
7 organization is liable for paying the real property taxes on
8 the property, and (v) the signature of the organization's chief
9 presiding officer. Subsequent applications shall include any
10 changes in the initial application and shall be signed by the
11 organization's chief presiding officer. All applications shall
12 be notarized.
13     (c) This Section shall not apply to parcels exempt under
14 Section 15-145.
15 (Source: P.A. 91-635, eff. 8-20-99; 92-16, eff. 6-28-01.)
 
16     Section 90. The State Mandates Act is amended by adding
17 Section 8.28 as follows:
 
18     (30 ILCS 805/8.28 new)
19     Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8
20 of this Act, no reimbursement by the State is required for the
21 implementation of any mandate created by this amendatory Act of
22 the 93rd General Assembly.
 
23     Section 99. Effective date. This Act takes effect upon
24 becoming law.