103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2711

 

Introduced 1/10/2024, by Sen. Sue Rezin

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/20-15

    Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately.


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A BILL FOR

 

SB2711LRB103 35939 HLH 66026 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 changing
5Section 20-15 as follows:
 
6    (35 ILCS 200/20-15)
7    Sec. 20-15. Information on bill or separate statement.
8There shall be printed on each bill, or on a separate slip
9which shall be mailed with the bill:
10        (a) a statement itemizing the rate at which taxes have
11    been extended for each of the taxing districts in the
12    county in whose district the property is located, and in
13    those counties utilizing electronic data processing
14    equipment the dollar amount of tax due from the person
15    assessed allocable to each of those taxing districts,
16    including a separate statement of the dollar amount of tax
17    due which is allocable to a tax levied under the Illinois
18    Local Library Act or to any other tax levied by a
19    municipality or township for public library purposes,
20        (b) a separate statement for each of the taxing
21    districts of the dollar amount of tax due which is
22    allocable to a tax levied under the Illinois Pension Code
23    or to any other tax levied by a municipality or township

 

 

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1    for public pension or retirement purposes,
2        (b-5) a list of each tax increment financing (TIF)
3    district in which the property is located and the dollar
4    amount of tax due that is allocable to the TIF district,
5        (b-6) a statement for each tax increment financing
6    (TIF) district in which the property is located setting
7    forth the amount that each taxing district that contains
8    all or part of the TIF district would have received for the
9    taxable year in the absence of the TIF district,
10        (c) the total tax rate,
11        (d) the total amount of tax due, and
12        (e) the amount by which the total tax and the tax
13    allocable to each taxing district differs from the
14    taxpayer's last prior tax bill.
15    The county treasurer shall ensure that only those taxing
16districts in which a parcel of property is located shall be
17listed on the bill for that property.
18    In all counties the statement shall also provide:
19        (1) the property index number or other suitable
20    description,
21        (2) the assessment of the property,
22        (3) the statutory amount of each homestead exemption
23    applied to the property,
24        (4) the assessed value of the property after
25    application of all homestead exemptions,
26        (5) the equalization factors imposed by the county and

 

 

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1    by the Department, and
2        (6) the equalized assessment resulting from the
3    application of the equalization factors to the basic
4    assessment.
5    In all counties which do not classify property for
6purposes of taxation, for property on which a single family
7residence is situated the statement shall also include a
8statement to reflect the fair cash value determined for the
9property. In all counties which classify property for purposes
10of taxation in accordance with Section 4 of Article IX of the
11Illinois Constitution, for parcels of residential property in
12the lowest assessment classification the statement shall also
13include a statement to reflect the fair cash value determined
14for the property.
15    In all counties, the statement must include information
16that certain taxpayers may be eligible for tax exemptions,
17abatements, and other assistance programs and that, for more
18information, taxpayers should consult with the office of their
19township or county assessor and with the Illinois Department
20of Revenue.
21    In counties which use the estimated or accelerated billing
22methods, these statements shall only be provided with the
23final installment of taxes due. The provisions of this Section
24create a mandatory statutory duty. They are not merely
25directory or discretionary. The failure or neglect of the
26collector to mail the bill, or the failure of the taxpayer to

 

 

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1receive the bill, shall not affect the validity of any tax, or
2the liability for the payment of any tax.
3(Source: P.A. 100-621, eff. 7-20-18; 101-134, eff. 7-26-19.)
 
4    Section 99. Effective date. This Act takes effect upon
5becoming law.