Full Text of HB0243 099th General Assembly
HB0243 99TH GENERAL ASSEMBLY |
| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB0243 Introduced , by Rep. Jack D. Franks SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that each tax bill shall contain a list of each TIF district in which the property is located and the percentage of the taxpayer's total payment that is deposited into a special tax allocation fund established in connection with a TIF district. 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 20-15 as follows:
| 6 | | (35 ILCS 200/20-15)
| 7 | | Sec. 20-15. Information on bill or separate statement. | 8 | | There shall be
printed on each bill, or on a separate slip | 9 | | which shall be mailed with the
bill:
| 10 | | (a) a statement itemizing the rate at which taxes have | 11 | | been extended for
each of the taxing districts in the | 12 | | county in whose district the property is
located, and in | 13 | | those counties utilizing
electronic data processing | 14 | | equipment the dollar amount of tax due from the
person | 15 | | assessed allocable to each of those taxing districts, | 16 | | including a
separate statement of the dollar amount of tax | 17 | | due which is allocable to a tax
levied under the Illinois | 18 | | Local Library Act or to any other tax levied by a
| 19 | | municipality or township for public library purposes,
| 20 | | (b) a separate statement for each of the taxing | 21 | | districts of the dollar
amount of tax due which is | 22 | | allocable to a tax levied under the Illinois Pension
Code | 23 | | or to any other tax levied by a municipality or township |
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| 1 | | for public
pension or retirement purposes,
| 2 | | (b-5) a list of each tax increment financing (TIF) | 3 | | district in which the property is located and the | 4 | | percentage of the taxpayer's total payment that is | 5 | | deposited into a special tax allocation fund established in | 6 | | connection with a TIF district,
| 7 | | (c) the total tax rate,
| 8 | | (d) the total amount of tax due, and
| 9 | | (e) the amount by which the total tax and the tax | 10 | | allocable to each taxing
district differs from the | 11 | | taxpayer's last prior tax bill.
| 12 | | The county treasurer shall ensure that only those taxing | 13 | | districts in
which a parcel of property is located shall be | 14 | | listed on the bill for that
property.
| 15 | | In all counties the statement shall also provide:
| 16 | | (1) the property index number or other suitable | 17 | | description,
| 18 | | (2) the assessment of the property,
| 19 | | (3) the statutory amount of each homestead exemption | 20 | | applied to the property, | 21 | | (4) the assessed value of the property after | 22 | | application of all homestead exemptions,
| 23 | | (5) the equalization factors imposed by the county and | 24 | | by the Department,
and
| 25 | | (6) the equalized assessment resulting from the | 26 | | application of the
equalization factors to the basic |
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| 1 | | assessment.
| 2 | | In all counties which do not classify property for purposes | 3 | | of taxation, for
property on which a single family residence is | 4 | | situated the statement shall
also include a statement to | 5 | | reflect the fair cash value determined for the
property. In all | 6 | | counties which classify property for purposes of taxation in
| 7 | | accordance with Section 4 of Article IX of the Illinois | 8 | | Constitution, for
parcels of residential property in the lowest | 9 | | assessment classification the
statement shall also include a | 10 | | statement to reflect the fair cash value
determined for the | 11 | | property.
| 12 | | In all counties, the statement must include information | 13 | | that certain
taxpayers may be eligible for tax exemptions, | 14 | | abatements, and other assistance programs and that, for more | 15 | | information, taxpayers should consult with the office of their | 16 | | township or county assessor and with the Illinois Department of | 17 | | Revenue.
| 18 | | In all counties, the statement shall include information | 19 | | that certain
taxpayers may be eligible for the Senior Citizens | 20 | | and Disabled Persons Property
Tax Relief Act and that | 21 | | applications are
available from the Illinois Department on | 22 | | Aging.
| 23 | | In counties which use the estimated or accelerated billing | 24 | | methods, these
statements shall only be provided with the final | 25 | | installment of taxes due. The
provisions of this Section create | 26 | | a mandatory statutory duty. They are not
merely directory or |
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| 1 | | discretionary. The failure or neglect of the collector to
mail | 2 | | the bill, or the failure of the taxpayer to receive the bill, | 3 | | shall not
affect the validity of any tax, or the liability for | 4 | | the payment of any tax.
| 5 | | (Source: P.A. 97-689, eff. 6-14-12; 98-93, eff. 7-16-13.)
| 6 | | Section 99. Effective date. This Act takes effect upon | 7 | | becoming law.
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