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91_HB2732
LRB9104805PTpk
1 AN ACT to amend the Senior Citizens and Disabled Persons
2 Property Tax Relief and Pharmaceutical Assistance Act by
3 changing Section 3.09.
4 Be it enacted by the People of the State of Illinois,
5 represented in the General Assembly:
6 Section 5. The Senior Citizens and Disabled Persons
7 Property Tax Relief and Pharmaceutical Assistance Act is
8 amended by changing Section 3.09 as follows:
9 (320 ILCS 25/3.09) (from Ch. 67 1/2, par. 403.09)
10 Sec. 3.09. "Property taxes accrued" means the ad valorem
11 property taxes extended against a residence, but does not
12 include special assessments, interest or charges for service.
13 In the case of real estate improved with a multidwelling or
14 multipurpose building, "property taxes accrued" extended
15 against a residence within such a building is an amount equal
16 to the same percentage of the total property taxes extended
17 against that real estate as improved as the value of the
18 residence is to the total value of the building. If the
19 multidwelling building is owned and operated as a
20 cooperative, the value of an individual residence is the
21 value of the interest in the cooperative held by the owner of
22 record of the legal or equitable interest, other than a
23 leasehold interest, in the cooperative which confers the
24 right to occupy that residence. In determining the amount of
25 grant under Section 4 for 1976 and thereafter, the applicable
26 "property taxes accrued", as determined under this Section,
27 are those payable or paid in the last preceding taxable year.
28 In addition, if the residence is a mobile home as defined
29 in and subject to the tax imposed by the Mobile Home Local
30 Services Tax Act "An Act to provide for a privilege tax on
31 mobile homes", approved August 28, 1973, "property taxes
-2- LRB9104805PTpk
1 accrued" includes the amount of privilege tax paid during the
2 calendar year for which benefits are claimed under that Act
3 on that mobile home. Beginning in taxable year 1999, if (i)
4 the residence is a mobile home, (ii) the resident is the
5 record owner of the property upon which the mobile home is
6 located, and (iii) the resident is liable for the taxes
7 imposed under the Property Tax Code for both the mobile home
8 and the property, then "property taxes accrued" includes the
9 amount of property taxes paid on both the mobile home and the
10 property upon which the mobile home is located.
11 (Source: P.A. 79-1049; revised 10-31-98.)
12 Section 99. Effective date. This Act takes effect upon
13 becoming law.