Illinois General Assembly - Full Text of HB3002
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Full Text of HB3002  102nd General Assembly

HB3002 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3002

 

Introduced 2/19/2021, by Rep. Mark Batinick - Jonathan Carroll

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-45

    Amends the Property Tax Code. Requires the county clerk to determine whether the aggregate property tax rate for the taxable year on any parcel of property in the county is equal to or greater than 3%. Provides that, with respect to those properties, the total tax liability expressed in dollars may not exceed the property tax liability for that property in the previous taxable year. Provides that, if the property did not have a tax liability in the previous taxable year, or if there have been improvements to the property since the previous taxable year that would increase the assessed value of the property, then the property tax liability for the current taxable year may not exceed 3% of the equalized assessed value of the property. Provides that the amendatory Act does not apply to counties that classify property for the purposes of taxation. Effective immediately.


LRB102 04688 HLH 14707 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3002LRB102 04688 HLH 14707 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 18-45 as follows:
 
6    (35 ILCS 200/18-45)
7    Sec. 18-45. Computation of rates.
8    (a) Except as provided below, each county clerk shall
9estimate and determine the rate per cent upon the equalized
10assessed valuation for the levy year of the property in the
11county's taxing districts and special service areas, as
12established under Article VII of the Illinois Constitution, so
13that the rate will produce, within the proper divisions of
14that county, not less than the net amount that will be required
15by the county board or certified to the county clerk according
16to law. Prior to extension, the county clerk shall determine
17the maximum amount of tax authorized to be levied by any
18statute. If the amount of any tax certified to the county clerk
19for extension exceeds the maximum, the clerk shall extend only
20the maximum allowable levy.
21    The county clerk shall exclude from the total equalized
22assessed valuation, whenever estimating and determining it
23under this Section and Sections 18-50 through 18-105, the

 

 

HB3002- 2 -LRB102 04688 HLH 14707 b

1equalized assessed valuation in the percentage which has been
2agreed to by each taxing district, of any property or portion
3thereof within an Enterprise Zone upon which an abatement of
4taxes was made under Section 18-170. However, if a
5municipality has adopted tax increment financing under
6Division 74.4 of Article 11 of the Illinois Municipal Code,
7the county clerk shall estimate and determine rates in
8accordance with Sections 11-74.4-7 through 11-74.4-9 of that
9Act. Beginning on January 1, 1998 and thereafter, the
10equalized assessed value of all property for the computation
11of the amount to be extended within a county with 3,000,000 or
12more inhabitants shall be the sum of (i) the equalized
13assessed value of such property for the year immediately
14preceding the levy year as established by the assessment and
15equalization process for the year immediately prior to the
16levy year, (ii) the equalized assessed value of any property
17that qualifies as new property, as defined in Section 18-185,
18or annexed property, as defined in Section 18-225, for the
19current levy year, and (iii) any recovered tax increment
20value, as defined in Section 18-185, for the current levy
21year, less the equalized assessed value of any property that
22qualifies as disconnected property, as defined in Section
2318-225, for the current levy year.
24    (b) Notwithstanding any other provision of law, beginning
25in taxable year 2022, except in counties that classify
26property for the purposes of taxation, the county clerk shall

 

 

HB3002- 3 -LRB102 04688 HLH 14707 b

1determine whether the aggregate property tax rate for the
2taxable year on any parcel of property in the county is equal
3to or greater than 3%. With respect to those properties, the
4total tax liability expressed in dollars may not exceed the
5property tax liability for that property in the previous
6taxable year. If the tax liability for any property must be
7reduced under this subsection (b), then the reduction shall be
8apportioned among the taxing districts in which the property
9is located on a pro rata basis. If the property did not have a
10tax liability in the previous taxable year, or if there have
11been improvements to the property since the previous taxable
12year that would increase the assessed value of the property,
13then, for the purposes of this subsection (b), the property
14tax liability for the current taxable year may not exceed 3% of
15the equalized assessed value of the property.
16(Source: P.A. 90-320, eff. 1-1-98.)
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.