Full Text of HB0305 96th General Assembly
HB0305 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 HB0305
Introduced 1/23/2009, by Rep. Robert Rita SYNOPSIS AS INTRODUCED: |
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35 ILCS 200/15-15 |
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35 ILCS 200/15-20 |
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Amends the Property Tax Code. Provides that, if exempt property is leased,
loaned, or otherwise made available for profit, the titleholder or the owner of
the beneficial interest must file a copy of the lease or agreement with the collector's office. Provides that, if there is a change in use, leasehold estate, or titleholder of record for exempt property, then the transferee must notify the collector's office in writing within 30 days of the change. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB0305 |
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LRB096 02887 HLH 12901 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 |
| Sections 15-15 and 15-20 as follows:
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| (35 ILCS 200/15-15)
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| Sec. 15-15. Obligation to file copies of leases or | 8 |
| agreements. If any
property listed as exempt by the chief | 9 |
| county assessment officer is leased,
loaned or otherwise made | 10 |
| available for profit, the titleholder or the owner of
the | 11 |
| beneficial interest shall file with the assessment officer and | 12 |
| the collector's office a copy of all
such leases or agreements | 13 |
| and a complete description of the premises, so the
chief county | 14 |
| assessment officer can ascertain the exact size and location of
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| the premises in order to create a tax parcel. Failure to file | 16 |
| such leases,
agreements or descriptions with both the | 17 |
| assessment officer and the collector's office shall, in the | 18 |
| discretion of the chief county
assessment officer, constitute | 19 |
| cause to terminate the exemption,
notwithstanding any other | 20 |
| provision of this Code.
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| (Source: P.A. 87-895; 87-1189; 88-455.)
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| (35 ILCS 200/15-20)
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HB0305 |
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LRB096 02887 HLH 12901 b |
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| Sec. 15-20. Notification requirements after change in use | 2 |
| or ownership. If
any property listed as exempt by the chief | 3 |
| county assessment officer has a
change in use, a change in | 4 |
| leasehold estate, or a change in titleholder of
record by | 5 |
| purchase, grant, taking or transfer, it is the obligation of | 6 |
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transferee to notify the chief county assessment officer | 7 |
| and the collector's office in writing within 30
days of the | 8 |
| change. The notice shall be sent by certified mail, return | 9 |
| receipt
requested, and shall include the name and address of | 10 |
| the taxpayer, the legal
description of the property, the | 11 |
| address of the property, and the permanent
index number of the | 12 |
| property where such number exists. If the failure to give
such | 13 |
| notification results in the assessment officer listing the | 14 |
| property as
exempt in subsequent years, the property shall be | 15 |
| considered omitted property
for purposes of this Code.
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| (Source: P.A. 87-895; 87-1189; 88-455; incorporates 88-221;
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| 88-670, eff. 12-2-94.)
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| Section 99. Effective date. This Act takes effect upon | 19 |
| becoming law.
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