SB2427 EnrolledLRB099 15844 HLH 42102 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 changing
5Sections 9-275 and 15-175 as follows:
 
6    (35 ILCS 200/9-275)
7    Sec. 9-275. Erroneous homestead exemptions.
8    (a) For purposes of this Section:
9    "Erroneous homestead exemption" means a homestead
10exemption that was granted for real property in a taxable year
11if the property was not eligible for that exemption in that
12taxable year. If the taxpayer receives an erroneous homestead
13exemption under a single Section of this Code for the same
14property in multiple years, that exemption is considered a
15single erroneous homestead exemption for purposes of this
16Section. However, if the taxpayer receives erroneous homestead
17exemptions under multiple Sections of this Code for the same
18property, or if the taxpayer receives erroneous homestead
19exemptions under the same Section of this Code for multiple
20properties, then each of those exemptions is considered a
21separate erroneous homestead exemption for purposes of this
22Section.
23    "Homestead exemption" means an exemption under Section

 

 

SB2427 Enrolled- 2 -LRB099 15844 HLH 42102 b

115-165 (veterans with disabilities), 15-167 (returning
2veterans), 15-168 (persons with disabilities), 15-169
3(standard homestead for veterans with disabilities), 15-170
4(senior citizens), 15-172 (senior citizens assessment freeze),
515-175 (general homestead), 15-176 (alternative general
6homestead), or 15-177 (long-time occupant).
7    "Erroneous exemption principal amount" means the total
8difference between the property taxes actually billed to a
9property index number and the amount of property taxes that
10would have been billed but for the erroneous exemption or
11exemptions.
12    "Taxpayer" means the property owner or leasehold owner that
13erroneously received a homestead exemption upon property.
14    (b) Notwithstanding any other provision of law, in counties
15with 3,000,000 or more inhabitants, the chief county assessment
16officer shall include the following information with each
17assessment notice sent in a general assessment year: (1) a list
18of each homestead exemption available under Article 15 of this
19Code and a description of the eligibility criteria for that
20exemption; (2) a list of each homestead exemption applied to
21the property in the current assessment year; (3) information
22regarding penalties and interest that may be incurred under
23this Section if the taxpayer received an erroneous homestead
24exemption in a previous taxable year; and (4) notice of the
2560-day grace period available under this subsection. If, within
2660 days after receiving his or her assessment notice, the

 

 

SB2427 Enrolled- 3 -LRB099 15844 HLH 42102 b

1taxpayer notifies the chief county assessment officer that he
2or she received an erroneous homestead exemption in a previous
3taxable year, and if the taxpayer pays the erroneous exemption
4principal amount, plus interest as provided in subsection (f),
5then the taxpayer shall not be liable for the penalties
6provided in subsection (f) with respect to that exemption.
7    (c) In counties with 3,000,000 or more inhabitants, when
8the chief county assessment officer determines that one or more
9erroneous homestead exemptions was applied to the property, the
10erroneous exemption principal amount, together with all
11applicable interest and penalties as provided in subsections
12(f) and (j), shall constitute a lien in the name of the People
13of Cook County on the property receiving the erroneous
14homestead exemption. Upon becoming aware of the existence of
15one or more erroneous homestead exemptions, the chief county
16assessment officer shall cause to be served, by both regular
17mail and certified mail, a notice of discovery as set forth in
18subsection (c-5). The chief county assessment officer in a
19county with 3,000,000 or more inhabitants may cause a lien to
20be recorded against property that (1) is located in the county
21and (2) received one or more erroneous homestead exemptions if,
22upon determination of the chief county assessment officer, the
23taxpayer received: (A) one or 2 erroneous homestead exemptions
24for real property, including at least one erroneous homestead
25exemption granted for the property against which the lien is
26sought, during any of the 3 collection years immediately prior

 

 

SB2427 Enrolled- 4 -LRB099 15844 HLH 42102 b

1to the current collection year in which the notice of discovery
2is served; or (B) 3 or more erroneous homestead exemptions for
3real property, including at least one erroneous homestead
4exemption granted for the property against which the lien is
5sought, during any of the 6 collection years immediately prior
6to the current collection year in which the notice of discovery
7is served. Prior to recording the lien against the property,
8the chief county assessment officer shall cause to be served,
9by both regular mail and certified mail, return receipt
10requested, on the person to whom the most recent tax bill was
11mailed and the owner of record, a notice of intent to record a
12lien against the property. The chief county assessment officer
13shall cause the notice of intent to record a lien to be served
14within 3 years from the date on which the notice of discovery
15was served.
16    (c-5) The notice of discovery described in subsection (c)
17shall: (1) identify, by property index number, the property for
18which the chief county assessment officer has knowledge
19indicating the existence of an erroneous homestead exemption;
20(2) set forth the taxpayer's liability for principal, interest,
21penalties, and administrative costs including, but not limited
22to, recording fees described in subsection (f); (3) inform the
23taxpayer that he or she will be served with a notice of intent
24to record a lien within 3 years from the date of service of the
25notice of discovery; and (4) inform the taxpayer that he or she
26may pay the outstanding amount, plus interest, penalties, and

 

 

SB2427 Enrolled- 5 -LRB099 15844 HLH 42102 b

1administrative costs at any time prior to being served with the
2notice of intent to record a lien or within 30 days after the
3notice of intent to record a lien is served; and (5) inform the
4taxpayer that, if the taxpayer provided notice to the chief
5county assessment officer as provided in subsection (d-1) of
6Section 15-175 of this Code, upon submission by the taxpayer of
7evidence of timely notice and receipt thereof by the chief
8county assessment officer, the chief county assessment officer
9will withdraw the notice of discovery and reissue a notice of
10discovery in compliance with this Section in which the taxpayer
11is not liable for interest and penalties for the current tax
12year in which the notice was received.
13    For the purposes of this subsection (c-5):
14        "Collection year" means the year in which the first and
15    second installment of the current tax year is billed.
16        "Current tax year" means the year prior to the
17    collection year.
18    (d) The notice of intent to record a lien described in
19subsection (c) shall: (1) identify, by property index number,
20the property against which the lien is being sought; (2)
21identify each specific homestead exemption that was
22erroneously granted and the year or years in which each
23exemption was granted; (3) set forth the erroneous exemption
24principal amount due and the interest amount and any penalty
25and administrative costs due; (4) inform the taxpayer that he
26or she may request a hearing within 30 days after service and

 

 

SB2427 Enrolled- 6 -LRB099 15844 HLH 42102 b

1may appeal the hearing officer's ruling to the circuit court;
2(5) inform the taxpayer that he or she may pay the erroneous
3exemption principal amount, plus interest and penalties,
4within 30 days after service; and (6) inform the taxpayer that,
5if the lien is recorded against the property, the amount of the
6lien will be adjusted to include the applicable recording fee
7and that fees for recording a release of the lien shall be
8incurred by the taxpayer. A lien shall not be filed pursuant to
9this Section if the taxpayer pays the erroneous exemption
10principal amount, plus penalties and interest, within 30 days
11of service of the notice of intent to record a lien.
12    (e) The notice of intent to record a lien shall also
13include a form that the taxpayer may return to the chief county
14assessment officer to request a hearing. The taxpayer may
15request a hearing by returning the form within 30 days after
16service. The hearing shall be held within 90 days after the
17taxpayer is served. The chief county assessment officer shall
18promulgate rules of service and procedure for the hearing. The
19chief county assessment officer must generally follow rules of
20evidence and practices that prevail in the county circuit
21courts, but, because of the nature of these proceedings, the
22chief county assessment officer is not bound by those rules in
23all particulars. The chief county assessment officer shall
24appoint a hearing officer to oversee the hearing. The taxpayer
25shall be allowed to present evidence to the hearing officer at
26the hearing. After taking into consideration all the relevant

 

 

SB2427 Enrolled- 7 -LRB099 15844 HLH 42102 b

1testimony and evidence, the hearing officer shall make an
2administrative decision on whether the taxpayer was
3erroneously granted a homestead exemption for the taxable year
4in question. The taxpayer may appeal the hearing officer's
5ruling to the circuit court of the county where the property is
6located as a final administrative decision under the
7Administrative Review Law.
8    (f) A lien against the property imposed under this Section
9shall be filed with the county recorder of deeds, but may not
10be filed sooner than 60 days after the notice of intent to
11record a lien was delivered to the taxpayer if the taxpayer
12does not request a hearing, or until the conclusion of the
13hearing and all appeals if the taxpayer does request a hearing.
14If a lien is filed pursuant to this Section and the taxpayer
15received one or 2 erroneous homestead exemptions during any of
16the 3 collection years immediately prior to the current
17collection year in which the notice of discovery is served,
18then the erroneous exemption principal amount, plus 10%
19interest per annum or portion thereof from the date the
20erroneous exemption principal amount would have become due if
21properly included in the tax bill, shall be charged against the
22property by the chief county assessment officer. However, if a
23lien is filed pursuant to this Section and the taxpayer
24received 3 or more erroneous homestead exemptions during any of
25the 6 collection years immediately prior to the current
26collection year in which the notice of discovery is served, the

 

 

SB2427 Enrolled- 8 -LRB099 15844 HLH 42102 b

1erroneous exemption principal amount, plus a penalty of 50% of
2the total amount of the erroneous exemption principal amount
3for that property and 10% interest per annum or portion thereof
4from the date the erroneous exemption principal amount would
5have become due if properly included in the tax bill, shall be
6charged against the property by the chief county assessment
7officer. If a lien is filed pursuant to this Section, the
8taxpayer shall not be liable for interest that accrues between
9the date the notice of discovery is served and the date the
10lien is filed. Before recording the lien with the county
11recorder of deeds, the chief county assessment officer shall
12adjust the amount of the lien to add administrative costs,
13including but not limited to the applicable recording fee, to
14the total lien amount.
15    (g) If a person received an erroneous homestead exemption
16under Section 15-170 and: (1) the person was the spouse, child,
17grandchild, brother, sister, niece, or nephew of the previous
18taxpayer; and (2) the person received the property by bequest
19or inheritance; then the person is not liable for the penalties
20imposed under this Section for any year or years during which
21the chief county assessment officer did not require an annual
22application for the exemption. However, that person is
23responsible for any interest owed under subsection (f).
24    (h) If the erroneous homestead exemption was granted as a
25result of a clerical error or omission on the part of the chief
26county assessment officer, and if the taxpayer has paid the tax

 

 

SB2427 Enrolled- 9 -LRB099 15844 HLH 42102 b

1bills as received for the year in which the error occurred,
2then the interest and penalties authorized by this Section with
3respect to that homestead exemption shall not be chargeable to
4the taxpayer. However, nothing in this Section shall prevent
5the collection of the erroneous exemption principal amount due
6and owing.
7    (i) A lien under this Section is not valid as to (1) any
8bona fide purchaser for value without notice of the erroneous
9homestead exemption whose rights in and to the underlying
10parcel arose after the erroneous homestead exemption was
11granted but before the filing of the notice of lien; or (2) any
12mortgagee, judgment creditor, or other lienor whose rights in
13and to the underlying parcel arose before the filing of the
14notice of lien. A title insurance policy for the property that
15is issued by a title company licensed to do business in the
16State showing that the property is free and clear of any liens
17imposed under this Section shall be prima facie evidence that
18the taxpayer is without notice of the erroneous homestead
19exemption. Nothing in this Section shall be deemed to impair
20the rights of subsequent creditors and subsequent purchasers
21under Section 30 of the Conveyances Act.
22    (j) When a lien is filed against the property pursuant to
23this Section, the chief county assessment officer shall mail a
24copy of the lien to the person to whom the most recent tax bill
25was mailed and to the owner of record, and the outstanding
26liability created by such a lien is due and payable within 30

 

 

SB2427 Enrolled- 10 -LRB099 15844 HLH 42102 b

1days after the mailing of the lien by the chief county
2assessment officer. This liability is deemed delinquent and
3shall bear interest beginning on the day after the due date at
4a rate of 1.5% per month or portion thereof. Payment shall be
5made to the county treasurer. Upon receipt of the full amount
6due, as determined by the chief county assessment officer, the
7county treasurer shall distribute the amount paid as provided
8in subsection (k). Upon presentment by the taxpayer to the
9chief county assessment officer of proof of payment of the
10total liability, the chief county assessment officer shall
11provide in reasonable form a release of the lien. The release
12of the lien provided shall clearly inform the taxpayer that it
13is the responsibility of the taxpayer to record the lien
14release form with the county recorder of deeds and to pay any
15applicable recording fees.
16    (k) The county treasurer shall pay collected erroneous
17exemption principal amounts, pro rata, to the taxing districts,
18or their legal successors, that levied upon the subject
19property in the taxable year or years for which the erroneous
20homestead exemptions were granted, except as set forth in this
21Section. The county treasurer shall deposit collected
22penalties and interest into a special fund established by the
23county treasurer to offset the costs of administration of the
24provisions of this Section by the chief county assessment
25officer's office, as appropriated by the county board. If the
26costs of administration of this Section exceed the amount of

 

 

SB2427 Enrolled- 11 -LRB099 15844 HLH 42102 b

1interest and penalties collected in the special fund, the chief
2county assessor shall be reimbursed by each taxing district or
3their legal successors for those costs. Such costs shall be
4paid out of the funds collected by the county treasurer on
5behalf of each taxing district pursuant to this Section.
6    (l) The chief county assessment officer in a county with
73,000,000 or more inhabitants shall establish an amnesty period
8for all taxpayers owing any tax due to an erroneous homestead
9exemption granted in a tax year prior to the 2013 tax year. The
10amnesty period shall begin on the effective date of this
11amendatory Act of the 98th General Assembly and shall run
12through December 31, 2013. If, during the amnesty period, the
13taxpayer pays the entire arrearage of taxes due for tax years
14prior to 2013, the county clerk shall abate and not seek to
15collect any interest or penalties that may be applicable and
16shall not seek civil or criminal prosecution for any taxpayer
17for tax years prior to 2013. Failure to pay all such taxes due
18during the amnesty period established under this Section shall
19invalidate the amnesty period for that taxpayer.
20    The chief county assessment officer in a county with
213,000,000 or more inhabitants shall (i) mail notice of the
22amnesty period with the tax bills for the second installment of
23taxes for the 2012 assessment year and (ii) as soon as possible
24after the effective date of this amendatory Act of the 98th
25General Assembly, publish notice of the amnesty period in a
26newspaper of general circulation in the county. Notices shall

 

 

SB2427 Enrolled- 12 -LRB099 15844 HLH 42102 b

1include information on the amnesty period, its purpose, and the
2method by which to make payment.
3    Taxpayers who are a party to any criminal investigation or
4to any civil or criminal litigation that is pending in any
5circuit court or appellate court, or in the Supreme Court of
6this State, for nonpayment, delinquency, or fraud in relation
7to any property tax imposed by any taxing district located in
8the State on the effective date of this amendatory Act of the
998th General Assembly may not take advantage of the amnesty
10period.
11    A taxpayer who has claimed 3 or more homestead exemptions
12in error shall not be eligible for the amnesty period
13established under this subsection.
14(Source: P.A. 98-93, eff. 7-16-13; 98-756, eff. 7-16-14;
1598-811, eff. 1-1-15; 98-1143, eff. 1-1-15; 99-143, eff.
167-27-15.)
 
17    (35 ILCS 200/15-175)
18    Sec. 15-175. General homestead exemption.
19    (a) Except as provided in Sections 15-176 and 15-177,
20homestead property is entitled to an annual homestead exemption
21limited, except as described here with relation to
22cooperatives, to a reduction in the equalized assessed value of
23homestead property equal to the increase in equalized assessed
24value for the current assessment year above the equalized
25assessed value of the property for 1977, up to the maximum

 

 

SB2427 Enrolled- 13 -LRB099 15844 HLH 42102 b

1reduction set forth below. If however, the 1977 equalized
2assessed value upon which taxes were paid is subsequently
3determined by local assessing officials, the Property Tax
4Appeal Board, or a court to have been excessive, the equalized
5assessed value which should have been placed on the property
6for 1977 shall be used to determine the amount of the
7exemption.
8    (b) Except as provided in Section 15-176, the maximum
9reduction before taxable year 2004 shall be $4,500 in counties
10with 3,000,000 or more inhabitants and $3,500 in all other
11counties. Except as provided in Sections 15-176 and 15-177, for
12taxable years 2004 through 2007, the maximum reduction shall be
13$5,000, for taxable year 2008, the maximum reduction is $5,500,
14and, for taxable years 2009 through 2011, the maximum reduction
15is $6,000 in all counties. For taxable years 2012 and
16thereafter, the maximum reduction is $7,000 in counties with
173,000,000 or more inhabitants and $6,000 in all other counties.
18If a county has elected to subject itself to the provisions of
19Section 15-176 as provided in subsection (k) of that Section,
20then, for the first taxable year only after the provisions of
21Section 15-176 no longer apply, for owners who, for the taxable
22year, have not been granted a senior citizens assessment freeze
23homestead exemption under Section 15-172 or a long-time
24occupant homestead exemption under Section 15-177, there shall
25be an additional exemption of $5,000 for owners with a
26household income of $30,000 or less.

 

 

SB2427 Enrolled- 14 -LRB099 15844 HLH 42102 b

1    (c) In counties with fewer than 3,000,000 inhabitants, if,
2based on the most recent assessment, the equalized assessed
3value of the homestead property for the current assessment year
4is greater than the equalized assessed value of the property
5for 1977, the owner of the property shall automatically receive
6the exemption granted under this Section in an amount equal to
7the increase over the 1977 assessment up to the maximum
8reduction set forth in this Section.
9    (d) If in any assessment year beginning with the 2000
10assessment year, homestead property has a pro-rata valuation
11under Section 9-180 resulting in an increase in the assessed
12valuation, a reduction in equalized assessed valuation equal to
13the increase in equalized assessed value of the property for
14the year of the pro-rata valuation above the equalized assessed
15value of the property for 1977 shall be applied to the property
16on a proportionate basis for the period the property qualified
17as homestead property during the assessment year. The maximum
18proportionate homestead exemption shall not exceed the maximum
19homestead exemption allowed in the county under this Section
20divided by 365 and multiplied by the number of days the
21property qualified as homestead property.
22    (d-1) In counties with 3,000,000 or more inhabitants, where
23the chief county assessment officer provides a notice of
24discovery, if a property is not occupied by its owner as a
25principal residence as of January 1 of the current tax year,
26then the property owner shall notify the chief county

 

 

SB2427 Enrolled- 15 -LRB099 15844 HLH 42102 b

1assessment officer of that fact on a form prescribed by the
2chief county assessment officer. That notice must be received
3by the chief county assessment officer on or before March 1 of
4the collection year. If mailed, the form shall be sent by
5certified mail, return receipt requested. If the form is
6provided in person, the chief county assessment officer shall
7provide a date stamped copy of the notice. Failure to provide
8timely notice pursuant to this subsection (d-1) shall result in
9the exemption being treated as an erroneous exemption. Upon
10timely receipt of the notice for the current tax year, no
11exemption shall be applied to the property for the current tax
12year. If the exemption is not removed upon timely receipt of
13the notice by the chief assessment officer, then the error is
14considered granted as a result of a clerical error or omission
15on the part of the chief county assessment officer as described
16in subsection (h) of Section 9-275, and the property owner
17shall not be liable for the payment of interest and penalties
18due to the erroneous exemption for the current tax year for
19which the notice was filed after the date that notice was
20timely received pursuant to this subsection. Notice provided
21under this subsection shall not constitute a defense or amnesty
22for prior year erroneous exemptions.
23    For the purposes of this subsection (d-1):
24        "Collection year" means the year in which the first and
25    second installment of the current tax year is billed.
26        "Current tax year" means the year prior to the

 

 

SB2427 Enrolled- 16 -LRB099 15844 HLH 42102 b

1    collection year.
2    (e) The chief county assessment officer may, when
3considering whether to grant a leasehold exemption under this
4Section, require the following conditions to be met:
5        (1) that a notarized application for the exemption,
6    signed by both the owner and the lessee of the property,
7    must be submitted each year during the application period
8    in effect for the county in which the property is located;
9        (2) that a copy of the lease must be filed with the
10    chief county assessment officer by the owner of the
11    property at the time the notarized application is
12    submitted;
13        (3) that the lease must expressly state that the lessee
14    is liable for the payment of property taxes; and
15        (4) that the lease must include the following language
16    in substantially the following form:
17            "Lessee shall be liable for the payment of real
18        estate taxes with respect to the residence in
19        accordance with the terms and conditions of Section
20        15-175 of the Property Tax Code (35 ILCS 200/15-175).
21        The permanent real estate index number for the premises
22        is (insert number), and, according to the most recent
23        property tax bill, the current amount of real estate
24        taxes associated with the premises is (insert amount)
25        per year. The parties agree that the monthly rent set
26        forth above shall be increased or decreased pro rata

 

 

SB2427 Enrolled- 17 -LRB099 15844 HLH 42102 b

1        (effective January 1 of each calendar year) to reflect
2        any increase or decrease in real estate taxes. Lessee
3        shall be deemed to be satisfying Lessee's liability for
4        the above mentioned real estate taxes with the monthly
5        rent payments as set forth above (or increased or
6        decreased as set forth herein).".
7    In addition, if there is a change in lessee, or if the
8lessee vacates the property, then the chief county assessment
9officer may require the owner of the property to notify the
10chief county assessment officer of that change.
11    This subsection (e) does not apply to leasehold interests
12in property owned by a municipality.
13    (f) "Homestead property" under this Section includes
14residential property that is occupied by its owner or owners as
15his or their principal dwelling place, or that is a leasehold
16interest on which a single family residence is situated, which
17is occupied as a residence by a person who has an ownership
18interest therein, legal or equitable or as a lessee, and on
19which the person is liable for the payment of property taxes.
20For land improved with an apartment building owned and operated
21as a cooperative or a building which is a life care facility as
22defined in Section 15-170 and considered to be a cooperative
23under Section 15-170, the maximum reduction from the equalized
24assessed value shall be limited to the increase in the value
25above the equalized assessed value of the property for 1977, up
26to the maximum reduction set forth above, multiplied by the

 

 

SB2427 Enrolled- 18 -LRB099 15844 HLH 42102 b

1number of apartments or units occupied by a person or persons
2who is liable, by contract with the owner or owners of record,
3for paying property taxes on the property and is an owner of
4record of a legal or equitable interest in the cooperative
5apartment building, other than a leasehold interest. For
6purposes of this Section, the term "life care facility" has the
7meaning stated in Section 15-170.
8    "Household", as used in this Section, means the owner, the
9spouse of the owner, and all persons using the residence of the
10owner as their principal place of residence.
11    "Household income", as used in this Section, means the
12combined income of the members of a household for the calendar
13year preceding the taxable year.
14    "Income", as used in this Section, has the same meaning as
15provided in Section 3.07 of the Senior Citizens and Persons
16with Disabilities Property Tax Relief Act, except that "income"
17does not include veteran's benefits.
18    (g) In a cooperative where a homestead exemption has been
19granted, the cooperative association or its management firm
20shall credit the savings resulting from that exemption only to
21the apportioned tax liability of the owner who qualified for
22the exemption. Any person who willfully refuses to so credit
23the savings shall be guilty of a Class B misdemeanor.
24    (h) Where married persons maintain and reside in separate
25residences qualifying as homestead property, each residence
26shall receive 50% of the total reduction in equalized assessed

 

 

SB2427 Enrolled- 19 -LRB099 15844 HLH 42102 b

1valuation provided by this Section.
2    (i) In all counties, the assessor or chief county
3assessment officer may determine the eligibility of
4residential property to receive the homestead exemption and the
5amount of the exemption by application, visual inspection,
6questionnaire or other reasonable methods. The determination
7shall be made in accordance with guidelines established by the
8Department, provided that the taxpayer applying for an
9additional general exemption under this Section shall submit to
10the chief county assessment officer an application with an
11affidavit of the applicant's total household income, age,
12marital status (and, if married, the name and address of the
13applicant's spouse, if known), and principal dwelling place of
14members of the household on January 1 of the taxable year. The
15Department shall issue guidelines establishing a method for
16verifying the accuracy of the affidavits filed by applicants
17under this paragraph. The applications shall be clearly marked
18as applications for the Additional General Homestead
19Exemption.
20    (i-5) This subsection (i-5) applies to counties with
213,000,000 or more inhabitants. In the event of a sale of
22homestead property, the homestead exemption shall remain in
23effect for the remainder of the assessment year of the sale.
24Upon receipt of a transfer declaration transmitted by the
25recorder pursuant to Section 31-30 of the Real Estate Transfer
26Tax Law for property receiving an exemption under this Section,

 

 

SB2427 Enrolled- 20 -LRB099 15844 HLH 42102 b

1the assessor shall mail a notice and forms to the new owner of
2the property providing information pertaining to the rules and
3applicable filing periods for applying or reapplying for
4homestead exemptions under this Code for which the property may
5be eligible. If the new owner fails to apply or reapply for a
6homestead exemption during the applicable filing period or the
7property no longer qualifies for an existing homestead
8exemption, the assessor shall cancel such exemption for any
9ensuing assessment year.
10    (j) In counties with fewer than 3,000,000 inhabitants, in
11the event of a sale of homestead property the homestead
12exemption shall remain in effect for the remainder of the
13assessment year of the sale. The assessor or chief county
14assessment officer may require the new owner of the property to
15apply for the homestead exemption for the following assessment
16year.
17    (k) Notwithstanding Sections 6 and 8 of the State Mandates
18Act, no reimbursement by the State is required for the
19implementation of any mandate created by this Section.
20(Source: P.A. 98-7, eff. 4-23-13; 98-463, eff. 8-16-13; 99-143,
21eff. 7-27-15; 99-164, eff. 7-28-15; revised 8-25-15.)
 
22    Section 99. Effective date. This Act takes effect upon
23becoming law.