State of Illinois
92nd General Assembly
Legislation

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92_HB1264sam001

 










                                          SRS92HB1264NDcpam03

 1                    AMENDMENT TO HOUSE BILL 1264

 2        AMENDMENT NO.     .  Amend House Bill 1264  by  replacing
 3    everything after the enacting clause with the following:

 4        "Section 5.  The Property Tax Code is amended by changing
 5    Section 355 and adding Section 360 as follows:

 6        (35 ILCS 200/10-355)
 7        Sec. 10-355.  Fraternal organization assessment freeze.
 8        (a)  For  the  taxable  year  2002  and  thereafter,  the
 9    assessed value of real property owned and used by a fraternal
10    organization  that  on  December  31,  1926  had its national
11    headquarters in Illinois or that was chartered in Illinois in
12    July 1896 February 1898, or its subordinate  organization  or
13    entity,  that  is  exempt  under  Section  501(c)(8)  of  the
14    Internal  Revenue Code and whose members provide, directly or
15    indirectly, financial support for charitable works, which may
16    include medical  care,  drug  rehabilitation,  or  education,
17    shall  be  established by the chief county assessment officer
18    as follows:
19             (1)  if the property meets  the  qualifications  set
20        forth in this Section on January 1, 2002 and on January 1
21        of  each  subsequent assessment year, for assessment year
22        2002 and  each  subsequent  assessment  year,  the  final
 
                            -2-           SRS92HB1264NDcpam03
 1        assessed  value of the property shall be 15% of the final
 2        assessed value of the property for  the  assessment  year
 3        2001; or
 4             (2)  if  the property first meets the qualifications
 5        set forth in this Section on January 1 of any  assessment
 6        year  after assessment year 2002 and on January 1 of each
 7        subsequent assessment year,  for  that  first  assessment
 8        year  and  each  subsequent  assessment  year,  the final
 9        assessed value shall be 15% of the final  assessed  value
10        of  the  property  for  the  assessment year in which the
11        property first meets the qualifications set forth in this
12        Section.
13        If, in any year, additions or improvements  are  made  to
14    property  subject  to  assessment  under this Section and the
15    additions or improvements would increase the  assessed  value
16    of  the property, then 15% of the final assessed value of the
17    additions  or  improvements  shall  be  added  to  the  final
18    assessed value of the property for  the  year  in  which  the
19    additions   or   improvements   are  completed  and  for  all
20    subsequent years that the property is eligible for assessment
21    under this Section.
22        (b)  For purposes of this Section, "final assessed value"
23    means the assessed value after final board of review action.
24        (c)  Fraternal organizations whose property  is  assessed
25    under this Section must annually submit an application to the
26    chief  county  assessment officer on or before (i) January 31
27    of the assessment year  in  counties  with  a  population  of
28    3,000,000 or more and (ii) December 31 of the assessment year
29    in  all other counties.  The initial application must contain
30    the information required by the Department of Revenue,  which
31    shall prepare the form, including:
32             (1)  a  copy  of the organization's charter from the
33        State of Illinois, if applicable;
34             (2)  the  location  or  legal  description  of   the
 
                            -3-           SRS92HB1264NDcpam03
 1        property  on  which is located the principal building for
 2        the organization, including the PIN number, if available;
 3             (3)  a  written  instrument  evidencing   that   the
 4        organization  is  the  record  owner  or  has  a legal or
 5        equitable interest in the property;
 6             (4)  an affidavit that the  organization  is  liable
 7        for paying the real property taxes on the property; and
 8             (5)  the   signature  of  the  organization's  chief
 9        presiding officer.
10        Subsequent applications shall include any changes in  the
11    initial  application and shall affirm the ownership, use, and
12    liability for taxes for the year in which  it  is  submitted.
13    All applications shall be notarized.
14        (d)  This  Section  does not apply to parcels exempt from
15    property taxes under this Code.
16    (Source: P.A. 92-388, eff. 1-1-02.)

17        (35 ILCS 200/10-360 new)
18        Sec. 10-360.  Fraternal organization assessment freeze.
19        (a)  For  the  taxable  year  2003  and  thereafter,  the
20    assessed value of real property owned and used by a fraternal
21    organization  or  its  affiliated  Illinois  not  for  profit
22    corporation chartered prior to 1920 that is an exempt  entity
23    under  Section  501(c)(2),  501(c)(8)  or  501(c)(10)  of the
24    Internal Revenue Code and whose members provide, directly  or
25    indirectly, financial support for charitable works, which may
26    include  medical  care,  drug  rehabilitation,  or education,
27    shall be established by the chief county  assessment  officer
28    as follows:
29             (1)  if  the  property  meets the qualifications set
30        forth in this Section on January 1, 2003 and on January 1
31        of each subsequent assessment year, for  assessment  year
32        2003  and  each  subsequent  assessment  year,  the final
33        assessed value of the property shall be 15% of the  final
 
                            -4-           SRS92HB1264NDcpam03
 1        assessed  value  of  the property for the assessment year
 2        2002; or
 3             (2)  if the property first meets the  qualifications
 4        set  forth in this Section on January 1 of any assessment
 5        year after assessment year 2003 and on January 1 of  each
 6        subsequent  assessment  year,  for  that first assessment
 7        year and  each  subsequent  assessment  year,  the  final
 8        assessed  value  shall be 15% of the final assessed value
 9        of the property for the  assessment  year  in  which  the
10        property first meets the qualifications set forth in this
11        Section.
12        If,  in  any  year, additions or improvements are made to
13    property subject to assessment under  this  Section  and  the
14    additions  or  improvements would increase the assessed value
15    of the property, then 15% of the final assessed value of  the
16    additions  or  improvements  shall  be  added  to  the  final
17    assessed  value  of  the  property  for the year in which the
18    additions  or  improvements  are  completed   and   for   all
19    subsequent years that the property is eligible for assessment
20    under this Section.
21        (b)  For purposes of this Section, "final assessed value"
22    means the assessed value after final board of review action.
23        (c)  Fraternal  organizations or their affiliated not for
24    profit corporations whose property  is  assessed  under  this
25    Section  must  annually  submit  an  application to the chief
26    county assessment officer on or before (i) January 31 of  the
27    assessment year in counties with a population of 3,000,000 or
28    more and (ii) December 31 of the assessment year in all other
29    counties.    The   initial   application   must  contain  the
30    information required by  the  Department  of  Revenue,  which
31    shall prepare the form, including:
32             (1)  the   location  or  legal  description  of  the
33        property on which is located the principal  building  for
34        the organization, including the PIN number, if available;
 
                            -5-           SRS92HB1264NDcpam03
 1             (2)  a   written   instrument  evidencing  that  the
 2        organization or not for profit corporation is the  record
 3        owner  or  has  a  legal  or  equitable  interest  in the
 4        property;
 5             (3)  an affidavit that the organization or  not  for
 6        profit corporation is liable for paying the real property
 7        taxes on the property; and
 8             (4)  the  signature of the organization's or not for
 9        profit corporation's chief presiding officer.
10        Subsequent applications shall include any changes in  the
11    initial  application and shall affirm the ownership, use, and
12    liability for taxes for the year in which  it  is  submitted.
13    All applications shall be notarized.
14        (d)  This  Section  does not apply to parcels exempt from
15    property taxes under this Code.

16        Section 99.  Effective date.  This Act takes effect  upon
17    becoming law.".

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