93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6042

 

Introduced 2/6/2004, by Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 250/5

    Amends the Longtime Owner-Occupant Property Tax Relief Act concerning the public policy of the Act. Makes a technical change.


LRB093 17511 SJM 43180 b

 

 

A BILL FOR

 

HB6042 LRB093 17511 SJM 43180 b

1     AN ACT concerning property tax relief.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Longtime Owner-Occupant Property Tax Relief
5 Act is amended by changing Section 5 as follows:
 
6     (35 ILCS 250/5)
7     Sec. 5. Public policy. In recognition of the severe
8 economic circumstances of certain longtime owner-occupants of
9 residences who are faced with rising living costs and
10 constantly increasing tax burdens in areas where real property
11 values have risen markedly as a result consequence of the
12 renovation of other deteriorating residences or the
13 construction of new residences, the General Assembly considers
14 it to be a matter of sound public policy for counties having a
15 population of 100,000 or more to adopt uniform special real
16 property tax relief provisions in order to allow longtime
17 owner-occupants of residences to remain in peaceful possession
18 of their homes.
19 (Source: P.A. 88-451.)