Sen. Louis S. Viverito

Filed: 2/27/2004

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 3030

2     AMENDMENT NO. ______. Amend Senate Bill 3030 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Property Tax Code is amended by adding
5 Division 14 to Article 10 as follows:
 
6     (35 ILCS 200/Art. 10 Div. 14 heading new)
7
DIVISION 14.
LONGTIME OWNER-OCCUPANT PROPERTY

 
8     (35 ILCS 200/10-400 new)
9     Sec. 10-400. Definitions. As used in this Division:
10     "High-assessment area" means an area within a municipality
11 in which the average assessed value in the year of the most
12 recent general assessment, as defined in Section 1-65, is 120%
13 or more of the average assessed value in that area for the
14 previous year of a general assessment as a consequence of the
15 renovation of deteriorating residences or the construction of
16 new residences.
17     "Longtime owner-occupant" means (i) a person who for at
18 least 10 continuous years has owned and has occupied the same
19 dwelling place as a principal residence and domicile or (ii)
20 any person who for at least 5 years has owned and occupied the
21 same dwelling place as a principal residence and domicile if
22 that person received assistance in the acquisition of the
23 property as part of a government or nonprofit housing program.

 

 

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1     "Principal residence" means the dwelling place of a person,
2 including the principal house and lot, and any lots that are
3 used in connection with the principal house and lot that
4 contribute to its enjoyment, comfort, and convenience. For
5 purposes of this Division, the term also includes a building
6 with a maximum of one commercial establishment and a building
7 with a maximum of 3 residential units of which one residential
8 unit must be the principal residence of the longtime
9 owner-occupant.
 
10     (35 ILCS 200/10-405 new)
11     Sec. 10-405. Designation of high-assessment areas.
12     (a) Each municipality must designate each high-assessment
13 area within its borders. Before making these designations, the
14 corporate authorities must conduct a public hearing. The
15 corporate authorities must publish a notice of the public
16 hearing in a newspaper of general circulation within the
17 municipality and provide actual notice to each taxing district.
18     (b) If an area is designated as a high-assessment area, it
19 shall retain that designation until the third general
20 assessment following the designation. Thereafter, the
21 municipality must redesignate the area, if qualified.
22     (c) The provisions of this Section are judicially
23 enforceable by any interested property owner.
 
24     (35 ILCS 200/10-410 new)
25     Sec. 10-410. Qualifications; applications.
26     (a) The assessment procedures under Section 10-415 are
27 limited to real property meeting all of the following
28 conditions:
29         (1) The property is owned and occupied by a longtime
30 owner-occupant.
31         (2) The property is the principal residence and
32 domicile of the longtime owner-occupant.

 

 

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1         (3) The property is located within an area that has
2 been designated by a municipality as a high-assessment
3 area.
4     (b) To receive the assessment procedure provided for in
5 Section 10-415, the person liable for taxes on that property
6 that meets the qualifications under subsection (a) must file a
7 verified application requesting the assessment procedure with
8 the chief county assessment officer of the county in which the
9 land is located.
10     The application must be in the form prescribed by the
11 Department of Revenue and contain any information that may
12 reasonably be required to determine whether the applicant meets
13 the requirements of subsection (a). If the application shows
14 the applicant is entitled to the assessment procedure, then the
15 chief county assessment officer shall approve it; otherwise, he
16 or she shall reject the application.
17     When an application has been filed with and approved by the
18 chief county assessment officer, he or she must determine the
19 valuation of the property as described in Section 10-415. The
20 county clerk, in preparing assessment books, lists, and blanks
21 under Section 9-100, shall include columns for indicating the
22 approval of an application filed under this Section and for
23 setting out the valuations made as otherwise permitted by law,
24 and under Section 10-415.
 
25     (35 ILCS 200/10-415 new)
26     Sec. 10-415. Assessment of approved property.
27     (a) The chief county assessment officer shall establish the
28 assessed value for real property for which an application has
29 been approved under Section 10-410 in the following manner:
30         For the first taxable year for which the application is
31 approved, the value of the qualified property may not be
32 more than 105% of the assessed value prior to the most
33 recent general assessment.

 

 

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1         At each subsequent general assessment thereafter, the
2 assessed value of the qualified property may not increase
3 more than 5%.
4         Except as otherwise provided in this Section, the
5 qualified property may not be reassessed at any time other
6 than at a general assessment.
7     (b) If, after an application has been approved under
8 Section 10-410, the qualified property is improved and the
9 improvements increase the fair cash value of the property by
10 more than $15,000, then the assessed value of the property may
11 be increased to reflect the increase of the fair cash value of
12 the property that is over and above $15,000.
13     (c) If, after an application has been approved under
14 Section 10-410, the property is sold or otherwise transferred
15 or is no longer qualified property, then the provisions of this
16 Section do not apply to the property and the property may be
17 reassessed at any time in accordance with Article 9 of this
18 Act.
 
19     (35 ILCS 200/10-420 new)
20     Sec. 10-420. Home rule; mandates.
21     (a) A home rule municipality may not act in a manner
22 inconsistent with this Section. This Section is a limitation
23 under subsection (i) of Section 6 of Article VII of the
24 Illinois Constitution on the concurrent exercise by home rule
25 units of powers and functions exercised by the State.
26     (b) Notwithstanding Sections 6 and 8 of the State Mandates
27 Act, no reimbursement by the State is required for the
28 implementation of any mandate created by this Section.
 
29     Section 90. The State Mandates Act is amended by adding
30 Section 8.28 as follows:
 
31     (30 ILCS 805/8.28 new)

 

 

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1     Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8
2 of this Act, no reimbursement by the State is required for the
3 implementation of any mandate created by Division 14 of Article
4 10 of the Property Tax Code.
 
5     Section 99. Effective date. This Act takes effect upon
6 becoming law.".