Full Text of HB4681 95th General Assembly
HB4681 95TH GENERAL ASSEMBLY
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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB4681
Introduced , by Rep. Donald L. Moffitt SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, property owners must notify affected fire protection districts upon the filing of any application for a non-homestead exemption that would reduce the assessed valuation of any property by more than $100,000 and provides that the districts must be given the opportunity to be heard on the matter.
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FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB4681 |
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LRB095 16670 BDD 42701 b |
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| AN ACT concerning revenue.
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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 changing | 5 |
| Section 16-130 as follows:
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| (35 ILCS 200/16-130)
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| Sec. 16-130. Exemption procedures; board of appeals; board | 8 |
| of
review. Whenever the board of appeals
(until the first | 9 |
| Monday in December 1998 and the board of review
beginning the | 10 |
| first Monday in December 1998 and thereafter)
in any county | 11 |
| with 3,000,000 or more inhabitants determines that any
property | 12 |
| is or is not exempt from taxation, the decision of the board | 13 |
| shall not
be final, except as to homestead exemptions. Upon | 14 |
| filing of any application
for an exemption which would, if | 15 |
| approved, reduce the assessed valuation of any
property by more | 16 |
| than $100,000, other than a homestead exemption, the owner
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| shall give timely notice of the application by mailing a copy | 18 |
| of it to any
municipality, school district , and community | 19 |
| college district , and fire protection district in which such
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| property is situated. Failure of a municipality, school | 21 |
| district , or community
college district , or fire protection | 22 |
| district to receive the notice shall not invalidate any | 23 |
| exemption. The
board shall give the municipalities, school |
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HB4681 |
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LRB095 16670 BDD 42701 b |
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| districts , and community college
districts , fire protection | 2 |
| districts, and the taxpayer an opportunity to be heard. In all | 3 |
| exemption cases
other than homestead exemptions, the secretary | 4 |
| of the board shall
comply with the provisions of Section 5-15. | 5 |
| The Department shall then determine
whether the property is or | 6 |
| is not legally liable to taxation. It shall notify
the board of | 7 |
| its decision and the board shall correct the assessment
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| accordingly, if necessary. The decision of the Department is | 9 |
| subject to review
under Sections 8-35 and 8-40. The extension | 10 |
| of taxes on any assessment shall
not be delayed by any | 11 |
| proceedings under this paragraph, and, in case the
property is | 12 |
| determined to be exempt, any taxes extended upon the | 13 |
| unauthorized
assessment shall be abated or, if already paid, | 14 |
| shall be refunded.
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| (Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff. | 16 |
| 8-14-96.)
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