100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3624

 

Introduced , by Rep. Grant Wehrli

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-172.5 new

    Amends the Property Tax Code. Provides that, for real property that is improved with a permanent structure that is occupied as a residence by a person who (i) is senior citizen at any point during the taxable year, (ii) has occupied the property as his or her principal residence or domicile for at least 20 consecutive years, (iii) is liable for paying real property taxes on the property, and (iv) is an owner of record of the property or has a legal or equitable interest in the property, the total tax liability for the property shall not exceed 10% of the household income for members of the senior citizen's household. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

HB3624LRB100 07049 HLH 21506 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 15-172.5 as follows:
 
6    (35 ILCS 200/15-172.5 new)
7    Sec. 15-172.5. Senior citizens property tax liability cap.
8    (a) Notwithstanding any other provision of law, beginning
9with the 2017 taxable year, for real property that is improved
10with a permanent structure that is occupied as a residence by
11an applicant who (i) is senior citizen at any point during the
12taxable year, (ii) has occupied the property as his or her
13principal residence or domicile for at least 20 consecutive
14years, (iii) is liable for paying real property taxes on the
15property, and (iv) is an owner of record of the property or has
16a legal or equitable interest in the property as evidenced by a
17written instrument, including a leasehold interest in a parcel
18of property improved with a permanent structure that is a
19single family residence that is occupied as a residence by a
20such a person, the total tax liability for the property shall
21not exceed 10% of the household income for members of the
22senior citizen's household. If the county clerk is required to
23reduce the tax extension on any parcel of property by operation

 

 

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1of this Section, the county clerk shall proportionally reduce
2the extension for each taxing district.
3    (b) Application for the reduction under this Section shall
4be made annually during the application period in effect for
5the county of in which the property is located.
6    (c) As used in this Section:
7    "Household" means the applicant, the spouse of the
8applicant, and all persons using the residence of the applicant
9as their principal place of residence.
10    "Household income" means the combined income of the members
11of a household for the calendar year preceding the taxable
12year.
13    "Residence" means the principal dwelling place and
14appurtenant structures used for residential purposes in this
15State occupied on January 1 of the taxable year by a household
16and so much of the surrounding land, constituting the parcel
17upon which the dwelling place is situated, as is used for
18residential purposes. If the Chief County Assessment Officer
19has established a specific legal description for a portion of
20property constituting the residence, then that portion of
21property shall be deemed the residence for the purposes of this
22Section.
23    "Senior citizen" means a person who is 65 years of age or
24older during the taxable year.
 
25    Section 99. Effective date. This Act takes effect upon
26becoming law.