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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3369
Introduced 2/10/2010, by Sen. Mike Jacobs SYNOPSIS AS INTRODUCED:
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35 ILCS 200/18-185.10 new |
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Amends the Property Tax Code. Provides that the corporate authorities of a home rule municipality with less than 1,000,000 inhabitants, or the governing body of any taxing district located in whole or in part within a home rule municipality with less than 1,000,000 inhabitants, may abate all or a portion of the property taxes levied on each parcel of residential property that is owned by a person participating in a qualified low-income homeownership program. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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SB3369 |
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LRB096 20566 HLH 36256 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 adding |
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| Section 18-185.10 as follows:
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| (35 ILCS 200/18-185.10 new) |
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| Sec. 18-185.10. Abatement for residence of a person |
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| participating in a low-income homeownership program. |
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| (a) The corporate authorities of a home rule municipality |
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| with less than 1,000,000 inhabitants, or the governing body of |
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| any taxing district located in whole or in part within a home |
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| rule municipality with less than 1,000,000 inhabitants may, |
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| upon a majority vote of the governing body, order the county |
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| clerk to abate any percentage of the taxes levied by the |
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| municipality or taxing district on each parcel of qualified |
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| residential property that is (i) located within the corporate |
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| limits of the municipality and (ii) owned by a person |
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| participating in a qualified low-income homeownership program. |
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| (b) As used in this Section, "qualified low-income |
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| homeownership program" means a program administered by a |
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| municipality or housing authority to assist low-income persons |
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| in purchasing their own homes. |
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| (c) The corporate authorities may provide, by law, for the |
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