HB1629ham001 96TH GENERAL ASSEMBLY

Rep. Charles E. Jefferson

Filed: 2/18/2010

09600HB1629ham001 LRB096 05197 RLJ 36742 a

AMENDMENT TO HOUSE BILL 1629

AMENDMENT NO. ______. Amend House Bill 1629 by replacing everything after the enacting clause with the following:

"Section 5. The Property Tax Code is amended by adding Section 18-184.10 as follows:

(35 ILCS 200/18-184.10 new)

Sec. 18-184.10. Abatement for newly annexed property. If property is annexed by a municipality under Section 7-1-13.5 of the Illinois Municipal Code, then (i) in the first taxable year after the property is annexed, the county clerk shall abate 75% of the property taxes imposed on that property by the annexing municipality, (ii) in the second taxable year after the property is annexed, the county clerk shall abate 50% of the property taxes imposed on that property by the annexing municipality, and (iii) in the third taxable year after the property is annexed, the county clerk shall abate 25% of the property taxes imposed on that property by the annexing municipality.

Section 10. The Illinois Municipal Code is amended by adding Section 7-1-13.5 as follows:

(65 ILCS 5/7-1-13.5 new)

Sec. 7-1-13.5. Annexation of certain property; tax abatement. If unincorporated territory, excluding single parcels of property in excess of 60 acres located within the territory, is wholly bounded by one municipality, has been so bounded for at least 10 years, and no petition for incorporation has been filed for the territory, then the territory may be annexed by the municipality by which it is bounded. The municipality must annex the property by ordinance. Within 30 days after the passage of the annexation ordinance, a copy of the ordinance and an accurate map of the territory annexed must be filed with the recorder and county clerk of the county in which the annexed territory is located.

If property is annexed by a municipality under this Section, then taxes of the annexing municipality shall be abated on that property for the first 3 years as provided in Section 18-184.10 of the Property Tax Code.

Section 99. Effective date. This Act takes effect upon becoming law.".