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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.