State of Illinois
92nd General Assembly
Legislation

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92_HB6289

 
                                               LRB9216769SMdv

 1        AN ACT concerning taxes.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Property Tax Code is amended by adding
 5    Section 10-360 as follows:

 6        (35 ILCS 200/10-360 new)
 7        Sec. 10-360.  Service organization assessment freeze.
 8        (a)  For  the  taxable  year  2003  and  thereafter,  the
 9    assessed value  of  real  property  owned  and  used  by  the
10    Fraternal Order of Eagles, or its subordinate organization or
11    entity,  that  is exempt under Section 501(c) of the Internal
12    Revenue  Code  and  whose  members   provide,   directly   or
13    indirectly,  financial  support for charitable works shall be
14    established  by  the  chief  county  assessment  officer   as
15    follows:
16             (1)  if  the  property  meets the qualifications set
17        forth in this Section on January 1, 2003 and on January 1
18        of each subsequent assessment year, for  assessment  year
19        2003  and  each  subsequent  assessment  year,  the final
20        assessed value of the property shall be 15% of the  final
21        assessed  value  of  the property for the assessment year
22        2002; or
23             (2)  if the property first meets the  qualifications
24        set  forth in this Section on January 1 of any assessment
25        year after assessment year 2003 and on January 1 of  each
26        subsequent  assessment  year,  for  that first assessment
27        year and  each  subsequent  assessment  year,  the  final
28        assessed  value  shall be 15% of the final assessed value
29        of the property for the  assessment  year  in  which  the
30        property first meets the qualifications set forth in this
31        Section.
 
                            -2-                LRB9216769SMdv
 1        If,  in  any  year, additions or improvements are made to
 2    property subject to assessment under  this  Section  and  the
 3    additions  or  improvements would increase the assessed value
 4    of the property, then 15% of the final assessed value of  the
 5    additions  or  improvements  shall  be  added  to  the  final
 6    assessed  value  of  the  property  for the year in which the
 7    additions  or  improvements  are  completed   and   for   all
 8    subsequent years that the property is eligible for assessment
 9    under this Section.
10        (b)  For purposes of this Section, "final assessed value"
11    means the assessed value after final board of review action.
12        (c)  Service  organizations  whose  property  is assessed
13    under this Section must annually submit an application to the
14    chief county assessment officer on or before (i)  January  31
15    of  the  assessment  year  in  counties  with a population of
16    3,000,000 or more and (ii) December 31 of the assessment year
17    in all other counties.  The initial application must  contain
18    the  information required by the Department of Revenue, which
19    shall prepare the form, including:
20             (1)  a copy of the organization's charter  from  the
21        State of Illinois, if applicable;
22             (2)  the   location  or  legal  description  of  the
23        property on which is located the principal  building  for
24        the organization, including the PIN number, if available;
25             (3)  a   written   instrument  evidencing  that  the
26        organization is the  record  owner  or  has  a  legal  or
27        equitable interest in the property;
28             (4)  an  affidavit  that  the organization is liable
29        for paying the real property taxes on the property; and
30             (5)  the  signature  of  the  organization's   chief
31        presiding officer.
32        Subsequent  applications shall include any changes in the
33    initial application and shall affirm the ownership, use,  and
34    liability  for  taxes  for the year in which it is submitted.
 
                            -3-                LRB9216769SMdv
 1    All applications shall be notarized.
 2        (d)  This Section does not apply to parcels  exempt  from
 3    property taxes under this Code.

 4        Section  90.  The State Mandates Act is amended by adding
 5    Section 8.26 as follows:

 6        (30 ILCS 805/8.26 new)
 7        Sec. 8.26. Exempt mandate.   Notwithstanding  Sections  6
 8    and  8 of this Act, no reimbursement by the State is required
 9    for  the  implementation  of  any  mandate  created  by  this
10    amendatory Act of the 92nd General Assembly.

11        Section 99.  Effective date.  This Act takes effect  upon
12    becoming law.

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