Full Text of SB2022 100th General Assembly
SB2022 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 SB2022 Introduced 2/10/2017, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED: |
| |
Amends the Property Tax Code. In a Section concerning valuation in years other than general assessment years, provides that the Section shall not be construed to prevent valuation changes under other Sections of this Code. Effective immediately.
|
| |
| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
|
| | | SB2022 | | LRB100 11011 HLH 21250 b |
|
| 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 9-160 as follows:
| 6 | | (35 ILCS 200/9-160)
| 7 | | Sec. 9-160. Valuation in years other than general | 8 | | assessment years. On or
before June 1 in each year other than | 9 | | the general assessment year, in all
counties with less than | 10 | | 3,000,000 inhabitants, and as soon as he or she
reasonably can | 11 | | in counties with 3,000,000 or more inhabitants, the assessor
| 12 | | shall list and assess all property which becomes taxable and | 13 | | which is not upon
the general assessment, and also make and | 14 | | return a list of all new or added
buildings, structures or | 15 | | other improvements of any kind, the value of which had
not been | 16 | | previously added to or included in the valuation of the | 17 | | property on
which such improvements have been made, specifying | 18 | | the property on which each
of the improvements has been made, | 19 | | the kind of improvement and the value which,
in his or her | 20 | | opinion, has been added to the property by the improvements. | 21 | | The
assessment shall also include or exclude, on a | 22 | | proportionate basis in
accordance with the provisions of | 23 | | Section 9-180, all new or
added buildings, structures or other |
| | | SB2022 | - 2 - | LRB100 11011 HLH 21250 b |
|
| 1 | | improvements, the value of which was
not included in the | 2 | | valuation of the property for that year, and all
improvements | 3 | | which were destroyed or removed. In case of the destruction or
| 4 | | injury by fire, flood, cyclone, storm or otherwise, or removal | 5 | | of any
structures of any kind, or of the destruction of or any | 6 | | injury to orchard
timber, ornamental trees or groves, the value | 7 | | of which has been included in any
former valuation of the | 8 | | property, the assessor shall determine as near as
practicable | 9 | | how much the value of the property has been diminished, and | 10 | | make
return thereof.
| 11 | | Beginning January 1, 1996, the authority within a unit of | 12 | | local government
that is responsible for issuing building or | 13 | | occupancy permits shall notify the
chief county assessment | 14 | | officer, by December 31 of the assessment year, when a
full or | 15 | | partial occupancy permit has
been issued for a
parcel of real | 16 | | property. The chief county assessment officer shall
include in | 17 | | the assessment of the property for the current year the
| 18 | | proportionate value of new or added improvements on that | 19 | | property from the date
the occupancy permit was issued or from | 20 | | the date the new or added
improvement was
inhabitable and fit | 21 | | for occupancy or for intended customary use until December 31 | 22 | | of that year. If the chief county
assessment officer has | 23 | | already certified the books for the year, the board of
review | 24 | | or interim board of review shall assess the new or added | 25 | | improvements on
a proportionate basis for the year in which the | 26 | | occupancy permit was issued or the new or added
improvement was
|
| | | SB2022 | - 3 - | LRB100 11011 HLH 21250 b |
|
| 1 | | inhabitable and fit for occupancy or for intended customary | 2 | | use.
The proportionate value of
the
new or added improvements | 3 | | may be assessed by the board of review
or interim
board of | 4 | | review as omitted property pursuant to Sections 9-265, 9-270, | 5 | | 16-50
and 16-140 in a subsequent year on a proportionate basis | 6 | | for the year in which
the occupancy permit was
issued or the | 7 | | new or added improvement was
inhabitable and fit for occupancy | 8 | | or for intended customary use
if it was not assessed in that | 9 | | year.
| 10 | | Nothing in this Section shall be construed to prohibit | 11 | | valuation changes in accordance with the provisions with this | 12 | | Code, including, but not limited to, Sections 9-75 and 9-205. | 13 | | (Source: P.A. 91-486, eff. 1-1-00.)
| 14 | | Section 99. Effective date. This Act takes effect upon | 15 | | becoming law.
|
|