HB3556 97TH GENERAL ASSEMBLY

LRB097 06208 HLH 46283 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3556

Introduced 2/24/2011, by Rep. Adam Brown - Sandy Cole - Jason Barickman - David Harris - Renée Kosel, et al.

SYNOPSIS AS INTRODUCED:

35 ILCS 200/18-179 new
105 ILCS 5/2-3.155 new
30 ILCS 805/8.35 new

Amends the Property Tax Code. Requires the county clerk to abate the taxes levied by a school district on each parcel of qualified homestead property that is owned by a taxpayer who is 65 years of age or older and who had an annual household income of $35,000 or less for the previous taxable year. Amends the School Code. Subject to appropriation, requires the State Board of Education to reimburse each school district for any revenue lost due to the property tax abatement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Property Tax Code is amended by adding Section 18-179 as follows:

(35 ILCS 200/18-179 new)

Sec. 18-179. Abatement of school district taxes for eligible senior citizens.

(a) The county clerk shall abate the taxes levied by a school district on each parcel of qualified homestead property that is owned by an eligible senior citizen.

(b) The county clerk shall establish a procedure for eligible senior citizens to apply for this abatement.

(c) As used in this Section:

"Eligible senior citizen" means a taxpayer who is 65 years of age or older and who had an annual household income of $35,000 or less for the previous taxable year.

"Qualified homestead property" means a parcel of real property that:

(1) is occupied by not more than 2 families; and

(2) is used as the principal residence by an eligible senior citizen.

"Annual household income" has the meaning set forth under Section 15-172.

Section 10. The School Code is amended by adding Section 2-3.155 as follows:

(105 ILCS 5/2-3.155 new)

Sec. 2-3.155. Tax abatement reimbursements. The Board shall, subject to appropriation, reimburse each school district for any revenue lost due to the property tax abatement under Section 18-179 of the Property Tax Code.

Section 90. The State Mandates Act is amended by adding Section 8.35 as follows:

(30 ILCS 805/8.35 new)

Sec. 8.35. Exempt mandate. Notwithstanding Sections 6 and 8 of this Act, no reimbursement by the State is required for the implementation of any mandate created by this amendatory Act of the 97th General Assembly.

Section 99. Effective date. This Act takes effect upon becoming law.