Full Text of HB5445 100th General Assembly
HB5445 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB5445 Introduced , by Rep. Sheri Jesiel SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Removes a requirement that a fraternal organization must prohibit the use of alcohol on the property to be eligible for the fraternal organization assessment freeze. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Property Tax Code is amended by changing | 5 | | Section 10-350 as follows:
| 6 | | (35 ILCS 200/10-350)
| 7 | | Sec. 10-350. Fraternal organization assessment freeze.
| 8 | | (a) For the taxable year 2001 and thereafter, the assessed | 9 | | value of real
property owned and used by a fraternal | 10 | | organization chartered by the State of
Illinois prior to 1900, | 11 | | or its subordinate organization or entity, (i) that
prohibits | 12 | | gambling and the use of alcohol on the property, (ii) that
is | 13 | | an exempt entity under Section 501(c)(10) of the Internal | 14 | | Revenue Code, and
(iii) whose members provide, directly or | 15 | | indirectly, financial support for
charitable works, which may | 16 | | include medical care, drug rehabilitation, or
education, shall | 17 | | be established by the chief county assessment officer as
| 18 | | follows:
| 19 | | (1) if the property meets the qualifications set forth | 20 | | in this Section on
January 1, 2001 and on January 1 of each | 21 | | subsequent assessment year, for
assessment year 2001 and | 22 | | each subsequent assessment year, the final assessed
value | 23 | | of the property shall be 15% of the final assessed value of |
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| 1 | | the property
for the assessment year 2000; or
| 2 | | (2) if the property first meets the qualifications set | 3 | | forth in this
Section on January 1 of any assessment year | 4 | | after assessment year 2001 and on
January 1 of each | 5 | | subsequent assessment year, for that first assessment year
| 6 | | and each subsequent assessment year, the final assessed | 7 | | value shall be 15% of
the final assessed value of the | 8 | | property for the assessment year in which the
property | 9 | | first meets the qualifications set forth in this Section.
| 10 | | If, in any year, additions or improvements are made to | 11 | | property subject to
assessment under this Section and the | 12 | | additions or improvements would increase
the assessed value of | 13 | | the property, then 15% of the final assessed value of the
| 14 | | additions or improvements shall be added to the final assessed | 15 | | value of the
property for the year in which the additions or | 16 | | improvements are completed and
for all subsequent years that | 17 | | the property is eligible for assessment under
this Section.
| 18 | | (b) For purposes of this Section, "final assessed value" | 19 | | means the assessed
value after final board of review action.
| 20 | | (c) Fraternal organizations whose property is assessed | 21 | | under this Section
must annually submit an application to the | 22 | | chief county assessment officer on
or before (i) January 31 of | 23 | | the assessment year in counties with a population
of 3,000,000 | 24 | | or more and (ii) December 31 of the assessment year in all | 25 | | other
counties. The initial application must contain the | 26 | | information required by the
Department of Revenue, which shall |
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| 1 | | prepare the form, including:
| 2 | | (1) a copy of the organization's charter from the State | 3 | | of Illinois, if
applicable;
| 4 | | (2) the location or legal description of the property | 5 | | on which is located
the principal building for the | 6 | | organization, including the PIN number, if
available;
| 7 | | (3) a written instrument evidencing that the | 8 | | organization is the record
owner or has a legal or | 9 | | equitable interest in the property;
| 10 | | (4) an affidavit that the organization is liable for | 11 | | paying the real
property taxes on the property; and
| 12 | | (5) the signature of the organization's chief | 13 | | presiding officer.
| 14 | | Subsequent applications shall include any changes in the | 15 | | initial application
and shall affirm the ownership, use, and | 16 | | liability for taxes for the year in
which it is submitted. All | 17 | | applications shall be notarized.
| 18 | | (d) This Section does not apply to parcels exempt from | 19 | | property taxes under
this Code.
| 20 | | (Source: P.A. 91-834, eff. 1-1-01.)
| 21 | | Section 99. Effective date. This Act takes effect upon | 22 | | becoming law.
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