Full Text of SB0089 96th General Assembly
SB0089enr 96TH GENERAL ASSEMBLY
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SB0089 Enrolled |
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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 |
| Section 9-45 as follows:
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| (35 ILCS 200/9-45)
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| Sec. 9-45. Property index number system. The county clerk | 8 |
| in counties of
3,000,000 or more inhabitants and, subject to | 9 |
| the approval of the county board,
the chief county assessment | 10 |
| officer or recorder, in counties of less than
3,000,000 | 11 |
| inhabitants, may establish a property index number system under | 12 |
| which
property may be listed for purposes of assessment, | 13 |
| collection of taxes or
automation of the office of the | 14 |
| recorder. The system may be adopted in addition
to, or instead | 15 |
| of, the method of listing by legal description as provided in
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| Section 9-40. The system shall describe property by township, | 17 |
| section,
block, and parcel or lot, and may cross-reference the | 18 |
| street or post office
address, if any, and street code number, | 19 |
| if any. The county clerk, county
treasurer, chief county | 20 |
| assessment officer or recorder may establish and
maintain cross | 21 |
| indexes of numbers assigned under the system with the complete
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| legal description of the properties to which the numbers | 23 |
| relate. Index numbers
shall be assigned by the county clerk in |
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| counties of 3,000,000 or more
inhabitants, and, at the | 2 |
| direction of the county board in counties with less
than | 3 |
| 3,000,000 inhabitants, shall be assigned by the chief county | 4 |
| assessment
officer or recorder. Tax maps of the county clerk, | 5 |
| county treasurer or chief
county assessment officer shall carry | 6 |
| those numbers. The indexes shall be open
to public inspection | 7 |
| and be made available to the public. Any property index
number | 8 |
| system established prior to the effective date of this Code | 9 |
| shall remain
valid. However, in counties with less than | 10 |
| 3,000,000 inhabitants, the system
may be transferred to another | 11 |
| authority upon the approval of the county board.
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| Any real property used for a power generating or automotive | 13 |
| manufacturing
facility located within a county of less than | 14 |
| 1,000,000 inhabitants, as to
which litigation with respect to | 15 |
| its assessed valuation is pending or was
pending as of January | 16 |
| 1, 1993, may be the subject of a real
property tax assessment | 17 |
| settlement agreement among the taxpayer and taxing
districts in | 18 |
| which it is situated. In addition, any real property that is | 19 |
| (i) used for natural gas extraction and fractionation or olefin | 20 |
| and polymer manufacturing and (ii) located within a county of | 21 |
| less than 1,000,000 inhabitants may be the subject of a real
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| property tax assessment settlement agreement among the | 23 |
| taxpayer and taxing
districts in which the property is situated | 24 |
| if litigation is or was pending as to its assessed valuation as | 25 |
| of January 1, 2003 or thereafter. Other appropriate | 26 |
| authorities, which
may include county and State boards or |
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| officials, may also be parties to
such agreements an agreement . | 2 |
| Such agreements an agreement may include the assessment of the
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| facility or property for any years in dispute as well as for up | 4 |
| to 10 years in the future.
Such agreements an agreement may | 5 |
| provide for the settlement of issues relating to the
assessed | 6 |
| value of the facility and may provide for related payments,
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| refunds, claims, credits against taxes and liabilities in | 8 |
| respect to past
and future taxes of taxing districts, including | 9 |
| any fund created under
Section 20-35 of this Act, all | 10 |
| implementing the settlement
agreement. Any such agreement may | 11 |
| provide that parties thereto agree not to
challenge assessments | 12 |
| as provided in the agreement. An agreement entered
into on or | 13 |
| after January 1, 1993 may provide for the classification of | 14 |
| property
that is the subject of the agreement as real or | 15 |
| personal during the term of the
agreement and thereafter. It | 16 |
| may also provide that taxing
districts agree to reimburse the | 17 |
| taxpayer for amounts paid by the taxpayer
in respect to taxes | 18 |
| for the real property which is the subject of the
agreement to | 19 |
| the extent levied by those respective districts, over and
above | 20 |
| amounts which would be due if the facility were to be assessed | 21 |
| as
provided in the agreement. Such reimbursement may be | 22 |
| provided in the
agreement to be made by credit against taxes of | 23 |
| the taxpayer. No credits
shall be applied against taxes levied | 24 |
| with respect to debt service or lease
payments of a taxing | 25 |
| district. No referendum approval or appropriation
shall be | 26 |
| required for such an agreement or such credits and any such
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| obligation shall not constitute indebtedness of the taxing | 2 |
| district for
purposes of any statutory limitation. The county | 3 |
| collector shall treat
credited amounts as if they had been | 4 |
| received by the collector as taxes
paid by the taxpayer and as | 5 |
| if remitted to the district. A county
treasurer who is a party | 6 |
| to such an agreement may agree to hold amounts
paid in escrow | 7 |
| as provided in the agreement for possible use for paying
taxes | 8 |
| until conditions of the agreement are met and then to apply | 9 |
| these
amounts as provided in the agreement. No such settlement | 10 |
| agreement shall
be effective unless it shall have been approved | 11 |
| by the court in which such
litigation is pending. Any such | 12 |
| agreement which has been entered into
prior to adoption of this | 13 |
| amendatory Act of 1988 and which is contingent
upon enactment | 14 |
| of authorizing legislation shall be binding and enforceable.
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| (Source: P.A. 88-455; 88-535; 88-670, eff. 12-2-94.)
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| Section 99. Effective date. This Act takes effect upon | 17 |
| becoming law. |
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