Full Text of SB2154 102nd General Assembly
SB2154eng 102ND GENERAL ASSEMBLY |
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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 1-130 as follows:
| 6 | | (35 ILCS 200/1-130)
| 7 | | Sec. 1-130. Property; real property; real estate; land; | 8 | | tract; lot. | 9 | | (a) The land
itself, with all things contained therein, | 10 | | and also all buildings, structures
and improvements, and other | 11 | | permanent fixtures thereon, including all oil, gas,
coal, and | 12 | | other minerals in the land and the right to remove oil, gas and | 13 | | other
minerals, excluding coal, from the land, and all rights | 14 | | and privileges
belonging or pertaining thereto, except where | 15 | | otherwise specified by this Code.
Not included therein are | 16 | | low-income housing tax credits authorized by
Section
42 of the | 17 | | Internal Revenue Code, 26 U.S.C. 42. Buildings, structures, | 18 | | and improvements that are not permanently attached to the land | 19 | | are not considered property for the purposes of this Code.
| 20 | | (b) Notwithstanding any other provision of law, mobile | 21 | | homes and manufactured homes that (i) are located outside of | 22 | | mobile home parks and (ii) are taxed under the Mobile Home | 23 | | Local Services Tax Act on the effective date of this |
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| 1 | | amendatory Act of the 96th General Assembly shall continue to | 2 | | be taxed under the Mobile Home Local Services Tax Act and shall | 3 | | not be assessed and taxed as real property until the home is | 4 | | sold or transferred or until the home is relocated to a | 5 | | different parcel of land outside of a mobile home park. If a | 6 | | mobile home or manufactured home described in this subsection | 7 | | (b) is sold, transferred, or relocated to a different parcel | 8 | | of land outside of a mobile home park, then the home shall be | 9 | | assessed and taxed as real property whether or not that mobile | 10 | | home or manufactured home is affixed to a permanent | 11 | | foundation, as defined in Section 5-5 of the Conveyance and | 12 | | Encumbrance of Manufactured Homes as Real Property and | 13 | | Severance Act, or installed on a permanent foundation, and | 14 | | whether or not such mobile home or manufactured home is real | 15 | | property as defined in Section 5-35 of the Conveyance and | 16 | | Encumbrance of Manufactured Homes as Real Property and | 17 | | Severance Act. Mobile homes and manufactured homes that are | 18 | | located outside of mobile home parks and assessed and taxed as | 19 | | real property on the effective date of this amendatory Act of | 20 | | the 96th General Assembly shall continue to be assessed and | 21 | | taxed as real property whether or not those mobile homes or | 22 | | manufactured homes are affixed to a permanent foundation as | 23 | | defined in the Conveyance and Encumbrance of Manufactured | 24 | | Homes as Real Property and Severance Act or installed on | 25 | | permanent foundations and whether or not those mobile homes or | 26 | | manufactured homes are real property as defined in the |
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| 1 | | Conveyance and Encumbrance of Manufactured Homes as Real | 2 | | Property and Severance Act. If a mobile or manufactured home | 3 | | that is located outside of a mobile home park is relocated to a | 4 | | mobile home park, it must be considered chattel and must be | 5 | | taxed according to the Mobile Home Local Services Tax Act. The | 6 | | owner of a mobile home or manufactured home that is located | 7 | | outside of a mobile home park may file a request with the chief | 8 | | county assessment officer that the home be taxed as real | 9 | | property. | 10 | | (c) Mobile homes and manufactured homes that are located | 11 | | in mobile home parks must be taxed according to the Mobile Home | 12 | | Local Services Tax Act. | 13 | | (d) If the provisions of this Section conflict with the | 14 | | Illinois Manufactured Housing and Mobile Home Safety Act, the | 15 | | Mobile Home Local Services Tax Act, the Mobile Home Park Act, | 16 | | or any other provision of law with respect to the taxation of | 17 | | mobile homes or manufactured homes located outside of mobile | 18 | | home parks, the provisions of this Section shall control. | 19 | | (Source: P.A. 98-749, eff. 7-16-14.)
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