102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4673

 

Introduced 1/21/2022, by Rep. Daniel Didech

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/6z-113

    Amends the State Finance Act. Provides that beginning in property tax year 2021 (currently, State fiscal year 2021), each county clerk shall annually certify to the Department of Revenue the total number of general homestead exemptions granted for homestead property within 30 days after the date when the collector's books are completed. Provides that by March 1 of each year, the Department of Revenue shall calculate and submit to the State Comptroller a property tax rebate amount for the applicable property tax year for the purpose of making rebates by the total number of homestead exemptions granted for homestead property in the State for the most recent tax year's available data as submitted by the county clerk. Provides further requirements concerning homestead property tax rebate eligibility and disbursement of funds. Provides exemptions concerning payments from the Property Tax Relief Fund. Modifies defined terms.


LRB102 22650 RJF 31794 b

 

 

A BILL FOR

 

HB4673LRB102 22650 RJF 31794 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by changing
5Section 6z-113 as follows:
 
6    (30 ILCS 105/6z-113)
7    Sec. 6z-113. Illinois Property Tax Relief Fund; creation.
8    (a) Beginning in State fiscal year 2021, the Illinois
9Property Tax Relief Fund is hereby created as a special fund in
10the State treasury. Moneys in the Fund shall be used by the
11State Comptroller to pay rebates to residential property
12taxpayers in the State as provided in this Section. The Fund
13may accept moneys from any lawful source.
14    (b) Beginning in property tax State fiscal year 2021, each
15county clerk shall annually certify to the Department of
16Revenue the total number of general homestead exemptions
17granted for homestead property within 30 days after the date
18when the collector's books are completed last day of the
19application period for general homestead exemptions in the
20county, each chief county assessment officer shall certify to
21the State Comptroller the total number of general homestead
22exemptions granted for homestead property in that county for
23the applicable property tax year. Subject to appropriation, by

 

 

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1March 1 of each year, or as soon thereafter as is practical,
2the Department of Revenue As soon as possible after receiving
3certifications from each county under this subsection, the
4State Comptroller shall calculate and submit to the State
5Comptroller a property tax rebate amount for the applicable
6property tax year by dividing the total amount appropriated
7from the Illinois Property Tax Relief Fund for the purpose of
8making rebates under this Section by the total number of
9homestead exemptions granted for homestead property in the
10State for the most recent tax year's available data as
11submitted by the county clerk. The Department shall inform
12each respective county treasurer of each county's rebate
13amount. When the property tax rebate amount is greater than
14zero, the The county treasurer of each county shall reduce each
15property tax bill for homestead property by the property tax
16rebate amount and shall include a separate line item on each
17property tax bill stating the property tax rebate amount from
18the Illinois Property Tax Relief Fund. Only qualifying
19homestead properties that do not have delinquent property tax
20liability due will qualify for the rebate. A property must
21have a current property tax liability due to qualify for a
22rebate. The rebate is not refundable or creditable to future
23tax liabilities. Subject to appropriation, within Within 60
24days after calculating the property tax rebate amount has been
25submitted to the State Comptroller, the State Comptroller
26shall voucher and make distributions from the Illinois

 

 

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1Property Tax Relief Fund in an amount equal to the property tax
2rebate amount multiplied by the number of general homestead
3exemptions granted in the associated county for the applicable
4property tax year to each county. The amount allocated to each
5county shall be the property tax rebate amount multiplied by
6the number of general homestead exemptions granted in the
7county for the applicable property tax year. The county
8treasurer shall distribute each taxing district's share of
9property tax collections and distributions from the Illinois
10Property Tax Relief Fund to those taxing districts as provided
11by law.
12    (c) As used in this Section:
13    "Applicable property tax year" means the most recent tax
14year's available data as submitted by the county clerk tax
15year for which a rebate was applied to property tax bills under
16this Section.
17    "General homestead exemption" means a general homestead
18exemption that was granted for the property under Section
1915-175 of the Property Tax Code.
20    "Homestead property" means property that meets both of the
21following criteria: (1) a general homestead exemption was
22granted for the property; and (2) the property tax liability
23for the property is current as of the date of the
24certification.
25    (d) Payments made under this Section shall be exempt from
26offsets pursuant to the State Comptroller Act or the Illinois

 

 

HB4673- 4 -LRB102 22650 RJF 31794 b

1State Collection Act of 1986. Payments from the Property Tax
2Relief Fund are not subject to Sections 7-172.1 and 9-184.5 of
3the Illinois Pension Code.
4(Source: P.A. 101-77, eff. 7-12-19; 102-558, eff. 8-20-21.)