093_HB0292

 
                                     LRB093 04034 SJM 04073 b

 1        AN ACT concerning taxes.

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

 4        Section  5.  The  Property  Tax Code is amended by adding
 5    Section 15-97 as follows:

 6        (35 ILCS 200/15-97 new)
 7        Sec.  15-97.  Accessible  housing.   Any   component   of
 8    residential  property that is specifically designed and built
 9    for  persons  with  disabilities  in  compliance   with   the
10    accessibility  guidelines  and standards of the United States
11    Architectural and Transportation  Barriers  Compliance  Board
12    (the  "Access Board"), the construction of which is commenced
13    on or after the effective date of this amendatory Act of  the
14    93rd  General  Assembly, is exempt to the extent of the value
15    added by the component.  This exemption applies to components
16    of newly constructed property as well as existing residential
17    property  that  is  improved  for   use   by   persons   with
18    disabilities  in compliance with the accessibility guidelines
19    and standards  of  the  Access  Board.  This  exemption  also
20    applies  to  components  in  the  common areas of condominium
21    property. This exemption does not  apply  to  non-residential
22    property.
23        If  a  component of residential property is in compliance
24    with the Access Board's standards upon  initial  installation
25    in  residential  property  and  an exemption is granted under
26    this Section, a change in those standards by the Access Board
27    shall not cause the component to become  ineligible  for  the
28    exemption.
29        This   exemption   applies  to  taxable  years  2004  and
30    thereafter.
31        Notwithstanding Sections 6 and 8 of  the  State  Mandates
 
                            -2-      LRB093 04034 SJM 04073 b
 1    Act,  no  reimbursement  by  the  State  is  required for the
 2    implementation of any mandate created by this Section.

 3        Section 90.  The State Mandates Act is amended by  adding
 4    Section 8.27 as follows:

 5        (30 ILCS 805/8.27 new)
 6        Sec.  8.27.  Exempt  mandate.  Notwithstanding Sections 6
 7    and 8 of this Act, no reimbursement by the State is  required
 8    for  the  implementation  of  any  mandate created by Section
 9    15-97 of the Property Tax Code.

10        Section 99.  Effective date. This  Act  takes  effect  on
11    January 1, 2004.