Illinois General Assembly - Full Text of Public Act 098-0937

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Public Act 098-0937

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Public Act 0937 98TH GENERAL ASSEMBLY

Public Act 098-0937

HB5893 Enrolled LRB098 19106 HLH 54257 b

    AN ACT concerning revenue.

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

    Section 5. The Property Tax Code is amended by changing
Section 16-130 as follows:

    (35 ILCS 200/16-130)
    Sec. 16-130. Exemption procedures; board of appeals; board
of review. Whenever the board of appeals (until the first
Monday in December 1998 and the board of review beginning the
first Monday in December 1998 and thereafter) in any county
with 3,000,000 or more inhabitants determines that any property
is or is not exempt from taxation, the decision of the board
shall not be final, except as to homestead exemptions. Upon
filing of any application for an exemption which would, if
approved, reduce the assessed valuation of any property by more
than $100,000, other than a homestead exemption, the owner
shall give timely notice of the application by mailing a copy
of it to any municipality,fire protection district, school
district,and community college district in which such property
is situated. Failure of a municipality, fire protection
district, school district,or community college district to
receive the notice shall not invalidate any exemption. The
board shall give the municipalities, fire protection
districts, school districts,and community college districts
and the taxpayer an opportunity to be heard. In all exemption
cases other than homestead exemptions, the secretary of the
board shall comply with the provisions of Section 5-15. The
Department shall then determine whether the property is or is
not legally liable to taxation. It shall notify the board of
its decision and the board shall correct the assessment
accordingly, if necessary. The decision of the Department is
subject to review under Sections 8-35 and 8-40. The extension
of taxes on any assessment shall not be delayed by any
proceedings under this paragraph, and, in case the property is
determined to be exempt, any taxes extended upon the
unauthorized assessment shall be abated or, if already paid,
shall be refunded.
(Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff.
8-14-96.)

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

Effective Date: 8/15/2014

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