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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4941
Introduced 2/5/2004, by James H. Meyer - Paul D. Froehlich SYNOPSIS AS INTRODUCED:
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35 ILCS 200/15-97 new |
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30 ILCS 805/8.28 new |
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Amends the Property Tax Code. Provides that any component of
residential
property that is specifically designed and built for persons with disabilities
in compliance
with the
accessibility guidelines and standards of the United States Architectural and
Transportation Barriers Compliance Board (the "Access Board"), the construction
of which is commenced on or after the effective date of this amendatory Act of
the 93rd General Assembly, is exempt from
property
taxes. Exempts the components of new construction as well as new components
installed in existing residential property that
meet
Access Board standards to the extent of the value added by the components.
Amends
the State Mandates Act to require implementation without reimbursement from the
State.
Effective January 1, 2005.
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| FISCAL NOTE ACT MAY APPLY |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT |
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A BILL FOR
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HB4941 |
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LRB093 19108 SJM 44843 b |
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by adding |
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| Section 15-97 as
follows:
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| (35 ILCS 200/15-97 new)
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| Sec. 15-97. Accessible housing. Any component of |
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| residential property
that is specifically designed
and built |
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| for persons with disabilities in compliance with the |
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| accessibility
guidelines and
standards of the United States |
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| Architectural and Transportation Barriers
Compliance
Board |
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| (the "Access Board"), the construction of which is commenced on |
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| or after
the effective date of this amendatory Act of the 93rd |
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| General Assembly, is
exempt to the extent of the value added by |
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| the
component. This exemption applies to components of newly |
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| constructed property
as well as existing residential property |
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| that is
improved
for use by persons with disabilities in |
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| compliance with the accessibility
guidelines and
standards of |
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| the
Access Board.
This exemption also applies to components in |
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| the common areas of
condominium
property. This exemption does |
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| not apply to non-residential property.
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| If a component of residential property is in compliance |
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| with the Access
Board's standards
upon
initial installation in |
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| residential property and an exemption is granted under
this
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| Section, a
change in those standards by the Access Board shall |
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| not cause the component to
become
ineligible for the exemption.
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| This exemption applies to taxable years 2004 and |
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| thereafter.
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| Notwithstanding Sections 6 and 8 of the State Mandates Act, |
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| no reimbursement
by the State is required for the |
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| implementation of any mandate created by this
Section.
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