(35 ILCS 200/10-80)
Sec. 10-80.
Rules and regulations.
The Director may promulgate rules and
regulations as may be necessary to administer this Code, including but not
limited to provisions that:
(1) Preclude the issuance of a certificate of | ||
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(2) Specify what costs are eligible to meet the 25% | ||
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These regulations shall not preclude the issuance of a certificate of
rehabilitation for a condominium.
(Source: P.A. 89-675, eff. 8-14-96; 90-114, eff. 1-1-98.)
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(35 ILCS 200/10-85)
Sec. 10-85.
Election by taxing district to deny special tax treatment.
Any
taxing district may elect by a majority vote of its governing authority within
the first 30 days of each calendar year, upon written notice to the county
clerk and the assessment officer, that the provisions of Sections 10-40 through
10-80 shall not apply to taxes that are levied by the taxing district. In the
event the Director has issued a certificate of rehabilitation upon a historic
building within a taxing district in a year prior to that taxing district's
election under this Section or if the rehabilitation period commenced prior to
the taxing district's election, the taxing district's election shall have no
effect on the property for the 8-year valuation period and the adjustment
valuation period.
(Source: P.A. 86-1481; 88-455.)
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(35 ILCS 200/Art. 10 Div. 5 heading) Division 5.
Airports and interstate bridges
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(35 ILCS 200/10-90)
Sec. 10-90.
Property used for airport purposes.
In counties with 200,000
or more inhabitants, in addition to valuation as otherwise permitted by law,
upon the filing of an application under Section 10-95 by the person liable for
the taxes on that property, which is used for airport purposes and has been so
used for the 3 years immediately preceding the year when the assessment is made
shall be valued on the basis of 33 1/3% of its fair cash value, based upon the
price it would bring at a fair, voluntary sale for use by the buyer for airport
purposes.
Property is considered used for airport purposes under this Section if
it is devoted primarily to the operation of an airport or restricted landing
field approved by the Department of Transportation in accordance with the
Illinois Aeronautics Act and is open to the public except as restricted by the
Department of Transportation or the Illinois Aeronautics Act.
(Source: P.A. 81-840; 88-455.)
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(35 ILCS 200/10-95)
Sec. 10-95.
Application process.
The person liable for taxes on land used
for airport purposes must file a verified application requesting the additional
valuation provided for in Section 10-90, with the chief county assessment
officer of the county where the land is located, by January 1 of each year for
which that valuation is desired. The application shall be in the form
prescribed by the Department and contain such information as may reasonably be
required to determine whether the applicant meets the requirements of Section
10-90. If the application shows the applicant is entitled to the valuation, the
chief county assessment officer shall approve it; otherwise, he or she shall
reject the application.
When an application has been filed with and approved by the chief county
assessment officer, he or she shall determine the valuation of the land in two
ways as otherwise permitted by law, and as described in Section 10-90, and
shall list those valuations separately. The county clerk, in preparing
assessment books, lists and blanks under Section 9-100, shall include columns
for indicating the approval of an application filed under this Section and for
setting out the valuations made as otherwise permitted by law, and under
Section 10-90.
(Source: P.A. 77-2783; 88-455.)
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