Public Act 90-0323 of the 90th General Assembly

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90th General Assembly

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Public Act 90-0323

SB1094 Enrolled                                LRB9002118KDks

    AN ACT to amend the Property Tax Code by changing Section
15.10.

    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 15-10 as follows:

    (35 ILCS 200/15-10)
    Sec.   15-10.    Exempt    property;    procedures    for
certification.    All  property  described  in  the  Sections
following Section 15-30 and preceding Section  16-5,  to  the
extent  therein limited, is exempt from taxation. However, it
is the duty of the titleholder or the owner of the beneficial
interest of any property  that  is  exempt,  except  property
exempted  under Section 15-45 (burial grounds) in counties of
less than 3,000,000 inhabitants and owned by a not-for-profit
organization, exempted under  Section  15-50  (United  States
property),  and  except  as is otherwise provided in Sections
15-170 and 15-175 (senior and general  homesteads),  to  file
with  the  chief  county  assessment  officer,  on  or before
January 31 of each year (May  31  in  the  case  of  property
exempted  by  Section  15-170),  an affidavit stating whether
there has been any change in the  ownership  or  use  of  the
property  or  the  status  of  the  owner-resident, or that a
disabled veteran who qualifies under Section 15-165 owned and
used the property as of January 1 of that year.  In  counties
of  less  than  3,000,000 inhabitants, the titleholder or the
owner of the beneficial  interest  of  property  owned  by  a
not-for-profit organization and exempt under Section 15-45 is
not  required  to  file  an affidavit after January 31, 1998.
The nature of any change shall be stated  in  the  affidavit.
Failure  to file an affidavit shall, in the discretion of the
assessment  officer,  constitute  cause  to   terminate   the
exemption   of   that  property,  notwithstanding  any  other
provision of this Code.  Owners of  5  or  more  such  exempt
parcels within a county may file a single annual affidavit in
lieu  of  an  affidavit  for  each  parcel.   The  assessment
officer, upon request, shall furnish an affidavit form to the
owners,  in  which the owner may state whether there has been
any change in the ownership or use of the property or  status
of  the  owner  or resident as of January 1 of that year. The
owner of  5  or  more  exempt  parcels  shall  list  all  the
properties  giving  the  same  information for each parcel as
required of owners who file individual affidavits.
(Source: P.A. 87-895; 87-1189; 88-455.)

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