103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4470

 

Introduced 1/17/2024, by Rep. Janet Yang Rohr

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-87 new

    Amends the Property Tax Code. Provides that certain property on which a community-integrated living arrangement is located is entitled to a reduction in its equalized assessed value in an amount equal to the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence is multiplied by $2,000. Effective immediately.


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A BILL FOR

 

HB4470LRB103 36262 HLH 66359 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 15-87 as follows:
 
6    (35 ILCS 200/15-87 new)
7    Sec. 15-87. Community-integrated living arrangements.
8    (a) Beginning in taxable year 2025, property that is used
9exclusively for the operation of a community-integrated living
10arrangement is entitled to a reduction in the equalized
11assessed value of the property as provided in subsection (b).
12If the community-integrated living arrangement is not operated
13by a not-for-profit organization, then the reduction under
14this Section applies only if all of the following conditions
15are met:
16        (1) the property must be owned by a resident of the
17    community-integrated living arrangement, by a family
18    member of a resident of the community-integrated living
19    arrangement, or by a limited liability company that has a
20    member who is a resident of the community-integrated
21    living arrangement or a family member of a resident of the
22    community-integrated living arrangement;
23        (2) the community-integrated living arrangement must

 

 

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1    be the principal place of residence of at least one other
2    person who is not a family member of an owner or member
3    described in item (1);
4        (3) the community-integrated living arrangement must
5    be licensed under the Community-Integrated Living
6    Arrangements Licensure and Certification Act; and
7        (4) the owner of the property may not be the owner of
8    any other community-integrated living arrangement.
9    (b) The amount of the reduction shall be the product that
10results when the number of occupants who use the
11community-integrated living arrangement as a primary
12residence, as determined for the month of the taxable year
13when the community-integrated living arrangement has the
14largest number of occupants, is multiplied by $2,000. In no
15event may a reduction under this Section reduce the equalized
16assessed value of the property to less than zero.
17    (c) Application for the reduction under this Section must
18be made during the application period in effect for the county
19in which the property is located. The assessor or chief county
20assessment officer may determine the eligibility of
21residential property to receive the reduction by application,
22visual inspection, questionnaire, or other reasonable methods.
23    (d) As used in this Section:
24    "Community-integrated living arrangement" has the meaning
25given to that term in Section 3 of the Community-Integrated
26Living Arrangements Licensure and Certification Act.

 

 

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1    "Family member" means a spouse, civil union partner,
2child, stepchild, grandchild, sibling, aunt, uncle, niece,
3nephew, first cousin, parent, stepparent, or grandparent of a
4person who is a resident of the community-integrated living
5arrangement.
 
6    Section 99. Effective date. This Act takes effect upon
7becoming law.