Senate Sponsors: O'MALLEY-RADOGNO-GEO-KARIS. House Sponsors: ZICKUS-BROSNAHAN Short description: PROP TX-EXEMPTIONS Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that a county may, by ordinance, establish a date for submission of applications for the Senior Citizens Assessment Freeze Homestead Exemption that is different than July 1 (now, earlier than July 1). Provides that any taxing district, upon a majority vote of its governing authority, may order the clerk of the county to abate the taxes on property devoted exclusively to affordable housing for older persons. Defines "older households" as those households (i) that qualify as "housing for older persons" under the Illinois Human Rights Act and (ii) whose annual income does not exceed 80% of the area gross median income. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that for municipalities that terminated the designation of an area as a redevelopment project area prior to 1994, "recovered tax increment value" means the amount of the EAV in the first year after the municipality terminates the designation, of each taxable lot, block, tract, or parcel of real property in the redevelopment project area over and above the initial EAV of each property in the redevelopment project area. Allows the county treasurer to mark the tax books to reflect the issuance of a homestead certificate of error issued up to and including 3 years (now 2 years after the first day of January of the second year after the year for which the homestead exemption should have been allowed). Amends the Illinois Municipal Code. Provides that a municipality (i) that imposes telecommunications taxes and (ii) whose territory includes part of another unit of local government or school district may, by ordinance, exempt the unit or district from the taxes. Amends the Metropolitan Water Reclamation District Act. Allows a sanitary district to deposit additional surplus funds into the Local Improvement Revolving Loan Fund. Allows the sanitary district to make loans from the Local Improvement Revolving Loan Fund to municipalities and other units of local government (now, municipalities) to rehabilitate the local sewerage systems. Amends the State Mandates Act to require implementation without reimbursement. Makes provisions severable. Makes other changes. GOVERNOR'S AMENDATORY VETO MESSAGE Recommends deleting amendatory provisions defining "recovered tax increment value" for municipalities that terminated the designation of an area as a redevelopment project area prior to 1994. Provides in- stead that, for the 1997 levy year, the recovered tax increment value for a non-home rule taxing district, first subject to the Law in the 1995 levy year because a majority of its 1994 equalized assessed value was in an affected county or counties, shall be increased by an amount equal to the 1994 equalized assessed value of each taxable lot, block, tract, or parcel of real property in the redevelopment project area over and above the initial equalized assessed value of each property in the redevelopment project area if the municipality terminated the designation of an area in 1993 as a redevelopment project area. Last action on Bill: BILL DEAD-AMENDATORY VETO Last action date: 97-11-15 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status