[ Search ] [ Legislation ] [ Bill Summary ]
[ Home ] [ Back ] [ Bottom ]
90_HB3618
35 ILCS 200/18-166 new
35 ILCS 200/20-15
35 ILCS 200/21-30
Amends the Property Tax Code. Reduces the school
property taxes of (i) certain homestead residential property,
(ii) certain farm property, and (iii) property owned by a
Subchapter S corporation or a sole proprietorship. The
reduction is based on a percentage of the district's 1997 tax
extension, and the reduction is required to be shown on the
property tax bills.
LRB9008114KDksB
LRB9008114KDksB
1 AN ACT to amend the Property Tax Code by adding Section
2 18-166 and changing Sections 20-15 and 21-30.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by adding
6 Section 18-166 and changing Sections 20-15 and 21-30 as
7 follows:
8 (35 ILCS 200/18-166 new)
9 Sec. 18-166. State school property tax relief reduction.
10 (a) Beginning with the 1998 tax year and thereafter, (i)
11 each parcel or portion of a parcel that was eligible in the
12 1997 tax year for the General Homestead Exemption under
13 Section 15-175, and to the extent that the parcel or portion
14 of a parcel is so eligible in the current tax year, (ii) each
15 parcel or portion of a parcel and farm improvements that were
16 eligible in the 1997 tax year for assessment as a farm under
17 Sections 10-110 through 10-140, and to the extent that the
18 parcel or portion of a parcel or farm improvements are so
19 eligible in the current tax year, and (iii) each parcel or
20 portion of a parcel owned by a Subchapter S corporation or a
21 sole proprietorship in the 1997 tax year, and to the extent
22 the parcel or portion of a parcel is so owned in the current
23 tax year, shall receive property tax reductions pursuant to
24 this Section. No later than October 31, 1998, the State
25 Board of Education shall certify to the Department of
26 Revenue, the county clerk, and the school district the
27 amount for that school district that equals 5% for tax year
28 1998, 10% for tax year 1999, 15% for tax year 2000, 20% for
29 tax year 2001, 25% for tax year 2002, and 30% for tax year
30 2003 and each tax year thereafter, of the 1997 total
31 extension of the school district as supplied under Section
-2- LRB9008114KDksB
1 18-255, minus extensions for bonds and interest. As soon as
2 practical, the Comptroller shall transfer the funds necessary
3 for the abatements provided in this Section to the county
4 treasurer for subsequent distribution to the school
5 districts.
6 (b) Beginning in tax year 1998, the county clerk shall
7 reduce, with respect to each school district subject to the
8 School Code, that district's final total extension, minus
9 extensions for bonds and interest, on (i) each parcel or
10 portion of a parcel that was eligible in the 1997 tax year
11 for the General Homestead Exemption, and to the extent that
12 the parcel or portion of a parcel is so eligible in the
13 current tax year, (ii) each parcel or portion of a parcel or
14 farm improvement that was eligible in the 1997 tax year for
15 assessment as a farm, and to the extent that the parcel or
16 portion of a parcel or farm improvement is so eligible in the
17 current tax year, and (iii) each parcel or portion of a
18 parcel owned by a Subchapter S corporation or a sole
19 proprietorship in the 1997 tax year, and to the extent the
20 parcel or portion of a parcel is so owned in the current tax
21 year, that is located within the district by an amount
22 determined by multiplying the total reduction amount for the
23 tax year calculated in subsection (a) by a fraction, the
24 numerator of which is the equalized assessed valuation of the
25 taxpayer's eligible property and the denominator of which is
26 the equalized assessed valuation of all eligible property
27 within the school district. The amount calculated under this
28 subsection as the reduction of the extension on the eligible
29 property shall be disclosed on the taxpayer's tax bill as
30 provided in Section 20-15.
31 (35 ILCS 200/20-15)
32 Sec. 20-15. Information on bill or separate statement.
33 The amount of tax due and rates shown on the tax bill
-3- LRB9008114KDksB
1 pursuant to this Section shall be net of any reduction under
2 Section 18-166 of the Property Tax Code. There shall be
3 printed on each bill, or on a separate slip which shall be
4 mailed with the bill:
5 (a) a statement itemizing the rate at which taxes
6 have been extended for each of the taxing districts in
7 the county in whose district the property is located, and
8 in those counties utilizing electronic data processing
9 equipment the dollar amount of tax due from the person
10 assessed allocable to each of those taxing districts,
11 including a separate statement of the dollar amount of
12 tax due which is allocable to a tax levied under the
13 Illinois Local Library Act or to any other tax levied by
14 a municipality or township for public library purposes,
15 (b) a separate statement for each of the taxing
16 districts of the dollar amount of tax due which is
17 allocable to a tax levied under the Illinois Pension Code
18 or to any other tax levied by a municipality or township
19 for public pension or retirement purposes,
20 (c) the total tax rate,
21 (d) the total amount of tax due, and
22 (e) the amount by which the total tax and the tax
23 allocable to each taxing district differs from the
24 taxpayer's last prior tax bill, and.
25 (f) the amount of the tax reduction under Section
26 18-166 labeled "School Tax Savings-State School Property
27 Tax Relief Reduction".
28 The county treasurer shall ensure that only those taxing
29 districts in which a parcel of property is located shall be
30 listed on the bill for that property.
31 In all counties the statement shall also provide:
32 (1) the property index number or other suitable
33 description,
34 (2) the assessment of the property,
-4- LRB9008114KDksB
1 (3) the equalization factors imposed by the county
2 and by the Department, and
3 (4) the equalized assessment resulting from the
4 application of the equalization factors to the basic
5 assessment.
6 In all counties which do not classify property for
7 purposes of taxation, for property on which a single family
8 residence is situated the statement shall also include a
9 statement to reflect the fair cash value determined for the
10 property. In all counties which classify property for
11 purposes of taxation in accordance with Section 4 of Article
12 IX of the Illinois Constitution, for parcels of residential
13 property in the lowest assessment classification the
14 statement shall also include a statement to reflect the fair
15 cash value determined for the property.
16 In counties which use the estimated or accelerated
17 billing methods, these statements shall only be provided with
18 the final installment of taxes due, except that the statement
19 under item (f) shall be included with both installments in
20 those counties under estimated or accelerated billing
21 methods, the first billing showing the amount deducted from
22 the first installment, and the final billing showing the
23 total tax reduction for the levy year under Section 18-166.
24 The provisions of this Section create a mandatory statutory
25 duty. They are not merely directory or discretionary. The
26 failure or neglect of the collector to mail the bill, or the
27 failure of the taxpayer to receive the bill, shall not affect
28 the validity of any tax, or the liability for the payment of
29 any tax.
30 (Source: P.A. 87-818; 88-455; incorporates 88-262; 88-670,
31 eff. 12-2-94.)
32 (35 ILCS 200/21-30)
33 Sec. 21-30. Accelerated billing. Except as provided in
-5- LRB9008114KDksB
1 this Section and Section 21-40, in counties with 3,000,000 or
2 more inhabitants, by January 31 annually, estimated tax bills
3 setting out the first installment of property taxes for the
4 preceding year, payable in that year, shall be prepared and
5 mailed. The first installment of taxes on the estimated tax
6 bills shall be computed at 50% of the total of each tax bill
7 before the reduction of taxes under Section 18-166 for the
8 preceding year, less an an amount equal to 50% of the amount
9 calculated under subsection (b) of Section 18-166 for
10 eligible parcels. By June 30 annually, actual tax bills shall
11 be prepared and mailed. These bills shall set out total taxes
12 due and the amount of estimated taxes billed in the first
13 installment, and shall state the balance of taxes due for
14 that year as represented by the sum derived from subtracting
15 the amount of the first installment from the total taxes due
16 for that year.
17 The county board may provide by ordinance, in counties
18 with 3,000,000 or more inhabitants, for taxes to be paid in 4
19 installments. For the levy year for which the ordinance is
20 first effective and each subsequent year, estimated tax bills
21 setting out the first, second, and third installment of taxes
22 for the preceding year, payable in that year, shall be
23 prepared and mailed not later than the date specified by
24 ordinance. Each installment on estimated tax bills shall be
25 computed at 25% of the total of each tax bill for the
26 preceding year. By the date specified in the ordinance,
27 actual tax bills shall be prepared and mailed. These bills
28 shall set out total taxes due and the amount of estimated
29 taxes billed in the first, second, and third installments and
30 shall state the balance of taxes due for that year as
31 represented by the sum derived from subtracting the amount of
32 the estimated installments from the total taxes due for that
33 year.
34 The county board of any county with less than 3,000,000
-6- LRB9008114KDksB
1 inhabitants may, by ordinance or resolution, adopt an
2 accelerated method of tax billing. The county board may
3 subsequently rescind the ordinance or resolution and revert
4 to the method otherwise provided for in this Code.
5 Taxes levied on homestead property in which a member of
6 the National Guard or reserves of the armed forces of the
7 United States who was called to active duty on or after
8 August 1, 1990, and who has an ownership interest shall not
9 be deemed delinquent and no interest shall accrue or be
10 charged as a penalty on such taxes due and payable in 1991 or
11 1992 until one year after that member returns to civilian
12 status.
13 (Source: P.A. 87-17; 87-340; 87-895; 88-455.)