91st General Assembly
Summary of HB1515
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House Sponsors:
CROSS.

Short description: 
PROP TX-65-GOVT AIDS-EXEMPT                                                

Synopsis of Bill as introduced:
        Amends  the  Property  Tax  Code.  Creates  the  senior   citizen      
   government  volunteer  homestead  exemption.   Provides  that a taxing      
   district may grant for its tax levy an annual exemption from the value      
   of real property of a person 65 years of age or older who (i) occupies      
   the property as a residence, (ii) is liable  for  paying  real  estate      
   taxes  on the property, (iii) is an owner of record of the property or      
   has a legal or equitable interest  in the property as evidenced  by  a      
   written instrument, (iv) is retired from full-time employment, and (v)      
   makes  a  certified  contribution  of  volunteer  services  during the      
   previous  taxable  year  to  a  taxing  district.  Defines  "qualified      
   contribution" and  "volunteer  services".   Provides  that  the  chief      
   county  assessment  officer  must  determine  the  eligibility  of the      
   property to receive the exemption by application,  visual  inspection,      
   questionnaire,  or  other  reasonable  methods.    Makes corresponding      
   changes to cross-references in the provisions concerning certification      
   and certificates of error. Amends the Economic  Development  Area  Tax      
   Increment  Allocation  Act,  County  Economic Development Project Area      
   Property Tax Allocation Act, County Economic Development Project  Area      
   Tax  Increment  Allocation  Act  of 1991, and the Economic Development      
   Project Area Tax Increment Allocation Act of  1995.   Amends  the  Tax      
   Increment  Allocation  Redevelopment  Act and Industrial Jobs Recovery      
   Law of the  Illinois  Municipal  Code.   Deducts  the  exemption  from      
   assessed  value  calculations  for  entities  that  have  adopted  tax      
   allocation financing under these provisions.  Amends the Criminal Code      
   of  1961  to  provide  that an individual under a deportation order is      
   ineligible for the exemption.    Amends  the  State  Mandates  Act  to      
   require implementation without reimbursement. Effective immediately.        
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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