State of Illinois
90th General Assembly
Legislation

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[ Introduced ][ Engrossed ][ Senate Amendment 001 ]

90_SB0046enr

      35 ILCS 200/16-175
          Amends the Property Tax Code.  Makes a  technical  change
      in the Section concerning subpoenas.
                                                     LRB9001088KDks
SB46 Enrolled                                  LRB9001088KDks
 1        AN  ACT  in  relation  to  property taxes, amending named
 2    Acts.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The Senior Citizens Real Estate Tax Deferral
 6    Act is amended by changing Section 3 as follows:
 7        (320 ILCS 30/3) (from Ch. 67 1/2, par. 453)
 8        Sec. 3.  A taxpayer may, on or before  March  1  of  each
 9    year,  apply  to the county collector of the county where his
10    qualifying property is located, or to the official designated
11    by a unit of local government to collect special  assessments
12    on  the  qualifying  property,  as  the  case  may  be, for a
13    deferral of all or a part of real estate taxes payable during
14    that year for the preceding year in the case of  real  estate
15    taxes  other  than  special assessments, or for a deferral of
16    any installments payable during that  year  in  the  case  of
17    special  assessments,  on  all  or  part  of  his  qualifying
18    property.   The  application shall be on a form prescribed by
19    the Department and furnished by the collector,  showing  that
20    (a)  the applicant will be 65 years of age or older by June 1
21    of the  year  for  which  a  tax  deferral  is  claimed,  (b)
22    describing  the  property  and verifying that the property is
23    qualifying property as defined in Section 2,  (c)  certifying
24    that  the  taxpayer  has  owned and occupied as his residence
25    such property or other qualifying property in the  State  for
26    at least the last 3 years except for any periods during which
27    the  taxpayer  may  have  temporarily resided in a nursing or
28    sheltered care home, and (d) specifying whether the  deferral
29    is  for  all  or a part of the taxes, and, if for a part, the
30    amount of deferral applied for. As to qualifying property not
31    having a separate assessed valuation, the taxpayer shall also
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 1    file with the county collector a  written  appraisal  of  the
 2    property  prepared  by  a  qualified  real  estate  appraiser
 3    together  with  a certificate signed by the appraiser stating
 4    that he has personally  examined  the  property  and  setting
 5    forth  the  value  of the land and the value of the buildings
 6    thereon occupied by the  taxpayer  as  his  residence.    The
 7    collector shall grant the tax deferral provided such deferral
 8    does  not  exceed funds available in the Senior Citizens Real
 9    Estate Deferred Tax Revolving  Fund  and  provided  that  the
10    owner or owners of such real property have entered into a tax
11    deferral  and recovery agreement with the collector on behalf
12    of the county  or  other  unit  of  local  government,  which
13    agreement expressly states:
14        (1)  that  the  total amount of taxes deferred under this
15    Act, plus interest, for the year for which a tax deferral  is
16    claimed  as  well as for those previous years for which taxes
17    are not delinquent and  for  which  such  deferral  has  been
18    claimed  may not exceed 80% of the taxpayer's equity interest
19    in the property for which taxes are to be deferred and  that,
20    if  the  total deferred taxes plus interest equals 80% of the
21    taxpayer's equity interest  in  the  property,  the  taxpayer
22    shall thereafter pay the annual interest due on such deferred
23    taxes  plus  interest  so  that  total  deferred  taxes  plus
24    interest  will  not  exceed such 80% of the taxpayer's equity
25    interest in the property;
26        (2)  that any real estate taxes deferred under  this  Act
27    and  any  interest accrued thereon at the rate of 6% per year
28    are a lien on the real estate and improvements thereon  until
29    paid.   No  sale  or  transfer  of  such real property may be
30    legally closed and  recorded  until  the  taxes  which  would
31    otherwise  have  been  due  on  the  property,  plus  accrued
32    interest,  have  been  paid unless the collector certifies in
33    writing that an arrangement for prompt payment of the  amount
34    due  has  been made with his office.  The same shall apply if
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 1    the property is to be made the subject of a contract of sale.
 2        (3)  that upon the death of  the  taxpayer  claiming  the
 3    deferral  the  heirs-at-law, assignees or legatees shall have
 4    first priority to the real property  upon  which  taxes  have
 5    been  deferred  by paying in full the total taxes which would
 6    otherwise have been due, plus  interest.   However,  if  such
 7    heir-at-law,  assignee, or legatee is a surviving spouse, the
 8    tax deferred status of the property shall be continued during
 9    the life of that surviving spouse if the spouse is  55  years
10    of  age  or older within 6 months of the date of death of the
11    taxpayer  and  enters  into  a  tax  deferral  and   recovery
12    agreement  before  the  time  when  deferred taxes become due
13    under this Section.   Any  additional  taxes  deferred,  plus
14    interest,  on  the  real  property  under  a tax deferral and
15    recovery agreement signed by  a  surviving  spouse  shall  be
16    added  to  the  taxes and interest which would otherwise have
17    been due, and the payment of which has been postponed  during
18    the  life  of  such  surviving spouse, in determining the 80%
19    equity requirement provided by this Section.
20        (4)  that if the taxes due, plus interest, are  not  paid
21    by  the heir-at-law, assignee or legatee or if payment is not
22    postponed during the life of a surviving spouse, the deferred
23    taxes and interest shall be recovered from the estate of  the
24    taxpayer  within  one  year  of  the  date  of his death.  In
25    addition, deferred real estate taxes and any interest accrued
26    thereon are  due  within  90  days  after  any  tax  deferred
27    property  ceases  to  be  qualifying  property  as defined in
28    Section 2.
29        If payment is not made when  required  by  this  Section,
30    foreclosure  proceedings may be instituted under the Property
31    Tax Code.
32        (5)  that any joint owner or mortgagee holding a mortgage
33    on such property has given written prior  approval  for  such
34    agreement,  which  written  approval  shall be made a part of
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 1    such agreement.
 2        (6)  that a guardian for a person under legal  disability
 3    appointed  for  a taxpayer who otherwise qualifies under this
 4    Act may act for the taxpayer in complying with this Act.
 5        (7)  that a taxpayer or his agent  has  provided  to  the
 6    satisfaction  of  the collector, sufficient evidence that the
 7    qualifying property on which the taxes are to be deferred  is
 8    insured  against fire or casualty loss for at least the total
 9    amount of taxes which have been deferred.
10        If the taxes to be deferred are special assessments,  the
11    unit of local government making the assessments shall forward
12    a copy of the agreement entered into pursuant to this Section
13    and the bills for such assessments to the county collector of
14    the county in which the qualifying property is located.
15    (Source: P.A. 88-670, eff. 12-2-94.)
16        Section 99.  This Act takes effect upon becoming law.

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