July 22,
2010
To the
Honorable Members of the
Illinois House of Representatives,
96th
General Assembly
I hereby return House Bill 5813 with a specific
recommendation for change.
I commend the sponsors of this bill for their hard work.
This legislation contains measures intended to prevent abuses to the Senior
Citizens Real Estate Tax Deferral program and to assure the solvency of the
Senior Citizens Deferred Tax Revolving Fund. Specifically, this bill (1)
increases the maximum deferrable income to $55,000 beginning in tax year 2011,
(2) eliminates land held in trust from qualifying for the deferral, (3) caps
the deferral at $5,000 per tax year, and (4) allows the Department to withhold
payments from the Fund to a county when that county’s collector and recorder
allow a transfer to occur contrary to an existing provision of the Senior
Citizens Real Estate Tax Deferral Act.
The program established by the Senior Citizens Real Estate
Tax Deferral Act is a successful program that will be improved by this bill.
My recommendation for change to House Bill 5813 will ensure that the counties
administering the program are not unduly burdened and that the program
continues to function in a manner most beneficial to the senior citizens of our
State.
Therefore, pursuant to Article IV, Section 9(e) of the
Illinois Constitution of 1970, I hereby return House Bill 5813, entitled “AN
ACT concerning aging,” with the following specific recommendation for change:
on page 5, by replacing lines 12
through 19 with “subject of a contract of sale.”.
With this
change, House Bill 5813 will have my approval. I respectfully request your
concurrence.
Sincerely,
PAT QUINN
Governor
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