Public Act 098-0937
 
HB5893 EnrolledLRB098 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