Public Act 093-0753
 
HB4400 Enrolled LRB093 18046 SJM 43732 b

    AN ACT concerning taxes.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Property Tax Code is amended by changing
Section 10-300 as follows:
 
    (35 ILCS 200/10-300)
    Sec. 10-300. Veterans organization assessment freeze.
    (a) For the taxable year 2000 and thereafter, the assessed
value of real property owned and used by a veterans
organization chartered under federal law, on which is located
the principal building for the post, camp, or chapter, and, for
taxable years 2004 and thereafter, the assessed value of real
property owned by such an organization and used by the
organization's members and guests for parking at the principal
building for the post, camp, or chapter, must be frozen by the
chief county assessment officer at (i) 15% of the 1999 assessed
value of the property for property that qualifies for the
assessment freeze in taxable year 2000 or (ii) 15% of the
assessed value of the property for the taxable year that the
property first qualifies for the assessment freeze after
taxable year 2000. If, in any year, improvements or additions
are made to the property that would increase the assessed value
of the property were it not for this Section, then 15% of the
assessed value of such improvements shall be added to the
assessment of the property for that year and all subsequent
years the property is eligible for the freeze.
    (b) The veterans organization must annually submit an
application to the chief county assessment officer on or before
(i) January 31 of the assessment year in counties with a
population of 3,000,000 or more and (ii) December 31 of the
assessment year in all other counties. The initial application
must contain the information required by the Department of
Revenue, including (i) a copy of the organization's
congressional charter, (ii) the location or description of the
property on which is located the principal building for the
post, camp, or chapter, (iii) a written instrument evidencing
that the organization is the record owner or has a legal or
equitable interest in the property, (iv) an affidavit that the
organization is liable for paying the real property taxes on
the property, and (v) the signature of the organization's chief
presiding officer. Subsequent applications shall include any
changes in the initial application and shall be signed by the
organization's chief presiding officer. All applications shall
be notarized.
    (c) This Section shall not apply to parcels exempt under
Section 15-145.
(Source: P.A. 91-635, eff. 8-20-99; 92-16, eff. 6-28-01.)
 
    Section 90. The State Mandates Act is amended by adding
Section 8.28 as follows:
 
    (30 ILCS 805/8.28 new)
    Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8
of this Act, no reimbursement by the State is required for the
implementation of any mandate created by this amendatory Act of
the 93rd General Assembly.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 7/16/2004