Full Text of SB3995 101st General Assembly
SB3995 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 SB3995 Introduced 5/21/2020, by Sen. Melinda Bush SYNOPSIS AS INTRODUCED: |
| 35 ILCS 200/15-170 | |
35 ILCS 200/15-175 |
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Amends the Property Tax Code. Provides that, for taxable year 2020 and thereafter, the maximum reductions under the senior citizens homestead exemption and the general homestead exemption that apply in counties with more than 3,000,000 inhabitants apply in counties with 300,000 or more inhabitants. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Property Tax Code is amended by changing | 5 | | Sections 15-170 and 15-175 as follows: | 6 | | (35 ILCS 200/15-170) | 7 | | Sec. 15-170. Senior citizens homestead exemption. | 8 | | (a) An annual homestead
exemption limited, except as | 9 | | described here with relation to cooperatives or
life care | 10 | | facilities, to a
maximum reduction set forth below from the | 11 | | property's value, as equalized or
assessed by the Department, | 12 | | is granted for property that is occupied as a
residence by a | 13 | | person 65 years of age or older who is liable for paying real
| 14 | | estate taxes on the property and is an owner of record of the | 15 | | property or has a
legal or equitable interest therein as | 16 | | evidenced by a written instrument,
except for a leasehold | 17 | | interest, other than a leasehold interest of land on
which a | 18 | | single family residence is located, which is occupied as a | 19 | | residence by
a person 65 years or older who has an ownership | 20 | | interest therein, legal,
equitable or as a lessee, and on which | 21 | | he or she is liable for the payment
of property taxes. Before | 22 | | taxable year 2004, the maximum reduction shall be $2,500 in | 23 | | counties with
3,000,000 or more inhabitants and $2,000 in all |
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| 1 | | other counties. For taxable years 2004 through 2005, the | 2 | | maximum reduction shall be $3,000 in all counties. For taxable | 3 | | years 2006 and 2007, the maximum reduction shall be $3,500. For | 4 | | taxable years 2008 through 2011, the maximum reduction is | 5 | | $4,000 in all counties.
For taxable year 2012, the maximum | 6 | | reduction is $5,000 in counties with
3,000,000 or more | 7 | | inhabitants and $4,000 in all other counties. For taxable years | 8 | | 2013 through 2016, the maximum reduction is $5,000 in all | 9 | | counties. For taxable years 2017 through 2019 and thereafter , | 10 | | the maximum reduction is $8,000 in counties with 3,000,000 or | 11 | | more inhabitants and $5,000 in all other counties. For taxable | 12 | | years 2020 and thereafter, the maximum reduction is is $8,000 | 13 | | in counties with 300,000 or more inhabitants and $5,000 in all | 14 | | other counties. | 15 | | (b) For land
improved with an apartment building owned and | 16 | | operated as a cooperative, the maximum reduction from the value | 17 | | of the property, as
equalized
by the Department, shall be | 18 | | multiplied by the number of apartments or units
occupied by a | 19 | | person 65 years of age or older who is liable, by contract with
| 20 | | the owner or owners of record, for paying property taxes on the | 21 | | property and
is an owner of record of a legal or equitable | 22 | | interest in the cooperative
apartment building, other than a | 23 | | leasehold interest. For land improved with
a life care | 24 | | facility, the maximum reduction from the value of the property, | 25 | | as
equalized by the Department, shall be multiplied by the | 26 | | number of apartments or
units occupied by persons 65 years of |
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| 1 | | age or older, irrespective of any legal,
equitable, or | 2 | | leasehold interest in the facility, who are liable, under a
| 3 | | contract with the owner or owners of record of the facility, | 4 | | for paying
property taxes on the property. In a
cooperative or | 5 | | a life care facility where a
homestead exemption has been | 6 | | granted, the cooperative association or the
management firm of | 7 | | the cooperative or facility shall credit the savings
resulting | 8 | | from that exemption only to
the apportioned tax liability of | 9 | | the owner or resident who qualified for
the exemption.
Any | 10 | | person who willfully refuses to so credit the savings shall be | 11 | | guilty of a
Class B misdemeanor. Under this Section and | 12 | | Sections 15-175, 15-176, and 15-177, "life care
facility" means | 13 | | a facility, as defined in Section 2 of the Life Care Facilities
| 14 | | Act, with which the applicant for the homestead exemption has a | 15 | | life care
contract as defined in that Act. | 16 | | (c) When a homestead exemption has been granted under this | 17 | | Section and the person
qualifying subsequently becomes a | 18 | | resident of a facility licensed under the Assisted Living and | 19 | | Shared Housing Act, the Nursing Home Care Act, the Specialized | 20 | | Mental Health Rehabilitation Act of 2013, the ID/DD Community | 21 | | Care Act, or the MC/DD Act, the exemption shall continue so | 22 | | long as the residence
continues to be occupied by the | 23 | | qualifying person's spouse if the spouse is 65
years of age or | 24 | | older, or if the residence remains unoccupied but is still
| 25 | | owned by the person qualified for the homestead exemption. | 26 | | (d) A person who will be 65 years of age
during the current |
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| 1 | | assessment year
shall
be eligible to apply for the homestead | 2 | | exemption during that assessment
year.
Application shall be | 3 | | made during the application period in effect for the
county of | 4 | | his residence. | 5 | | (e) Beginning with assessment year 2003, for taxes payable | 6 | | in 2004,
property
that is first occupied as a residence after | 7 | | January 1 of any assessment year by
a person who is eligible | 8 | | for the senior citizens homestead exemption under this
Section | 9 | | must be granted a pro-rata exemption for the assessment year. | 10 | | The
amount of the pro-rata exemption is the exemption
allowed | 11 | | in the county under this Section divided by 365 and multiplied | 12 | | by the
number of days during the assessment year the property | 13 | | is occupied as a
residence by a
person eligible for the | 14 | | exemption under this Section. The chief county
assessment | 15 | | officer must adopt reasonable procedures to establish | 16 | | eligibility
for this pro-rata exemption. | 17 | | (f) The assessor or chief county assessment officer may | 18 | | determine the eligibility
of a life care facility to receive | 19 | | the benefits provided by this Section, by
affidavit, | 20 | | application, visual inspection, questionnaire or other | 21 | | reasonable
methods in order to insure that the tax savings | 22 | | resulting from the exemption
are credited by the management | 23 | | firm to the apportioned tax liability of each
qualifying | 24 | | resident. The assessor may request reasonable proof that the
| 25 | | management firm has so credited the exemption. | 26 | | (g) The chief county assessment officer of each county with |
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| 1 | | less than 3,000,000
inhabitants shall provide to each person | 2 | | allowed a homestead exemption under
this Section a form to | 3 | | designate any other person to receive a
duplicate of any notice | 4 | | of delinquency in the payment of taxes assessed and
levied | 5 | | under this Code on the property of the person receiving the | 6 | | exemption.
The duplicate notice shall be in addition to the | 7 | | notice required to be
provided to the person receiving the | 8 | | exemption, and shall be given in the
manner required by this | 9 | | Code. The person filing the request for the duplicate
notice | 10 | | shall pay a fee of $5 to cover administrative costs to the | 11 | | supervisor of
assessments, who shall then file the executed | 12 | | designation with the county
collector. Notwithstanding any | 13 | | other provision of this Code to the contrary,
the filing of | 14 | | such an executed designation requires the county collector to
| 15 | | provide duplicate notices as indicated by the designation. A | 16 | | designation may
be rescinded by the person who executed such | 17 | | designation at any time, in the
manner and form required by the | 18 | | chief county assessment officer. | 19 | | (h) The assessor or chief county assessment officer may | 20 | | determine the
eligibility of residential property to receive | 21 | | the homestead exemption provided
by this Section by | 22 | | application, visual inspection, questionnaire or other
| 23 | | reasonable methods. The determination shall be made in | 24 | | accordance with
guidelines established by the Department. | 25 | | (i) In counties with 3,000,000 or more inhabitants, for | 26 | | taxable years 2010 through 2018, and beginning again in taxable |
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| 1 | | year 2024, each taxpayer who has been granted an exemption | 2 | | under this Section must reapply on an annual basis. | 3 | | If a reapplication is required, then the chief county | 4 | | assessment officer shall mail the application to the taxpayer | 5 | | at least 60 days prior to the last day of the application | 6 | | period for the county. | 7 | | For taxable years 2019 through 2023, in counties with | 8 | | 3,000,000 or more inhabitants, a taxpayer who has been granted | 9 | | an exemption under this Section need not reapply. However, if | 10 | | the property ceases to be qualified for the exemption under | 11 | | this Section in any year for which a reapplication is not | 12 | | required under this Section, then the owner of record of the | 13 | | property shall notify the chief county assessment officer that | 14 | | the property is no longer qualified. In addition, for taxable | 15 | | years 2019 through 2023, the chief county assessment officer of | 16 | | a county with 3,000,000 or more inhabitants shall enter into an | 17 | | intergovernmental agreement with the county clerk of that | 18 | | county and the Department of Public Health, as well as any | 19 | | other appropriate governmental agency, to obtain information | 20 | | that documents the death of a taxpayer who has been granted an | 21 | | exemption under this Section. Notwithstanding any other | 22 | | provision of law, the county clerk and the Department of Public | 23 | | Health shall provide that information to the chief county | 24 | | assessment officer. The Department of Public Health shall | 25 | | supply this information no less frequently than every calendar | 26 | | quarter. Information concerning the death of a taxpayer may be |
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| 1 | | shared with the county treasurer. The chief county assessment | 2 | | officer shall also enter into a data exchange agreement with | 3 | | the Social Security Administration or its agent to obtain | 4 | | access to the information regarding deaths in possession of the | 5 | | Social Security Administration. The chief county assessment | 6 | | officer shall, subject to the notice requirements under | 7 | | subsection (m) of Section 9-275, terminate the exemption under | 8 | | this Section if the information obtained indicates that the | 9 | | property is no longer qualified for the exemption. In counties | 10 | | with 3,000,000 or more inhabitants, the assessor and the county | 11 | | recorder of deeds shall establish policies and practices for | 12 | | the regular exchange of information for the purpose of alerting | 13 | | the assessor whenever the transfer of ownership of any property | 14 | | receiving an exemption under this Section has occurred. When | 15 | | such a transfer occurs, the assessor shall mail a notice to the | 16 | | new owner of the property (i) informing the new owner that the | 17 | | exemption will remain in place through the year of the | 18 | | transfer, after which it will be canceled, and (ii) providing | 19 | | information pertaining to the rules for reapplying for the | 20 | | exemption if the owner qualifies. In counties with 3,000,000 or | 21 | | more inhabitants, the chief county assessment official shall | 22 | | conduct audits of all exemptions granted under this Section no | 23 | | later than December 31, 2022 and no later than December 31, | 24 | | 2024. The audit shall be designed to ascertain whether any | 25 | | senior homestead exemptions have been granted erroneously. If | 26 | | it is determined that a senior homestead exemption has been |
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| 1 | | erroneously applied to a property, the chief county assessment | 2 | | officer shall make use of the appropriate provisions of Section | 3 | | 9-275 in relation to the property that received the erroneous | 4 | | homestead exemption. | 5 | | (j) In counties with less than 3,000,000 inhabitants, the | 6 | | county board may by
resolution provide that if a person has | 7 | | been granted a homestead exemption
under this Section, the | 8 | | person qualifying need not reapply for the exemption. | 9 | | In counties with less than 3,000,000 inhabitants, if the | 10 | | assessor or chief
county assessment officer requires annual | 11 | | application for verification of
eligibility for an exemption | 12 | | once granted under this Section, the application
shall be | 13 | | mailed to the taxpayer. | 14 | | (l) The assessor or chief county assessment officer shall | 15 | | notify each person
who qualifies for an exemption under this | 16 | | Section that the person may also
qualify for deferral of real | 17 | | estate taxes under the Senior Citizens Real Estate
Tax Deferral | 18 | | Act. The notice shall set forth the qualifications needed for
| 19 | | deferral of real estate taxes, the address and telephone number | 20 | | of
county collector, and a
statement that applications for | 21 | | deferral of real estate taxes may be obtained
from the county | 22 | | collector. | 23 | | (m) Notwithstanding Sections 6 and 8 of the State Mandates | 24 | | Act, no
reimbursement by the State is required for the | 25 | | implementation of any mandate
created by this Section. | 26 | | (Source: P.A. 100-401, eff. 8-25-17; 101-453, eff. 8-23-19; |
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| 1 | | 101-622, eff. 1-14-20.)
| 2 | | (35 ILCS 200/15-175)
| 3 | | Sec. 15-175. General homestead exemption. | 4 | | (a) Except as provided in Sections 15-176 and 15-177, | 5 | | homestead
property is
entitled to an annual homestead exemption | 6 | | limited, except as described here
with relation to cooperatives | 7 | | or life care facilities, to a reduction in the equalized | 8 | | assessed value
of homestead property equal to the increase in | 9 | | equalized assessed value for the
current assessment year above | 10 | | the equalized assessed value of the property for
1977, up to | 11 | | the maximum reduction set forth below. If however, the 1977
| 12 | | equalized assessed value upon which taxes were paid is | 13 | | subsequently determined
by local assessing officials, the | 14 | | Property Tax Appeal Board, or a court to have
been excessive, | 15 | | the equalized assessed value which should have been placed on
| 16 | | the property for 1977 shall be used to determine the amount of | 17 | | the exemption.
| 18 | | (b) Except as provided in Section 15-176, the maximum | 19 | | reduction before taxable year 2004 shall be
$4,500 in counties | 20 | | with 3,000,000 or more
inhabitants
and $3,500 in all other | 21 | | counties. Except as provided in Sections 15-176 and 15-177, for | 22 | | taxable years 2004 through 2007, the maximum reduction shall be | 23 | | $5,000, for taxable year 2008, the maximum reduction is $5,500, | 24 | | and, for taxable years 2009 through 2011, the maximum reduction | 25 | | is $6,000 in all counties. For taxable years 2012 through 2016, |
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| 1 | | the maximum reduction is $7,000 in counties with 3,000,000 or | 2 | | more
inhabitants
and $6,000 in all other counties. For taxable | 3 | | years 2017 through 2019 and thereafter , the maximum reduction | 4 | | is $10,000 in counties with 3,000,000 or more inhabitants and | 5 | | $6,000 in all other counties. For taxable years 2020 and | 6 | | thereafter, the maximum reduction is $10,000 in counties with | 7 | | 300,000 or more inhabitants and $6,000 in all other counties. | 8 | | If a county has elected to subject itself to the provisions of | 9 | | Section 15-176 as provided in subsection (k) of that Section, | 10 | | then, for the first taxable year only after the provisions of | 11 | | Section 15-176 no longer apply, for owners who, for the taxable | 12 | | year, have not been granted a senior citizens assessment freeze | 13 | | homestead exemption under Section 15-172 or a long-time | 14 | | occupant homestead exemption under Section 15-177, there shall | 15 | | be an additional exemption of $5,000 for owners with a | 16 | | household income of $30,000 or less.
| 17 | | (c) In counties with fewer than 3,000,000 inhabitants, if, | 18 | | based on the most
recent assessment, the equalized assessed | 19 | | value of
the homestead property for the current assessment year | 20 | | is greater than the
equalized assessed value of the property | 21 | | for 1977, the owner of the property
shall automatically receive | 22 | | the exemption granted under this Section in an
amount equal to | 23 | | the increase over the 1977 assessment up to the maximum
| 24 | | reduction set forth in this Section.
| 25 | | (d) If in any assessment year beginning with the 2000 | 26 | | assessment year,
homestead property has a pro-rata valuation |
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| 1 | | under
Section 9-180 resulting in an increase in the assessed | 2 | | valuation, a reduction
in equalized assessed valuation equal to | 3 | | the increase in equalized assessed
value of the property for | 4 | | the year of the pro-rata valuation above the
equalized assessed | 5 | | value of the property for 1977 shall be applied to the
property | 6 | | on a proportionate basis for the period the property qualified | 7 | | as
homestead property during the assessment year. The maximum | 8 | | proportionate
homestead exemption shall not exceed the maximum | 9 | | homestead exemption allowed in
the county under this Section | 10 | | divided by 365 and multiplied by the number of
days the | 11 | | property qualified as homestead property.
| 12 | | (d-1) In counties with 3,000,000 or more inhabitants, where | 13 | | the chief county assessment officer provides a notice of | 14 | | discovery, if a property is not
occupied by its owner as a | 15 | | principal residence as of January 1 of the current tax year, | 16 | | then the property owner shall notify the chief county | 17 | | assessment officer of that fact on a form prescribed by the | 18 | | chief county assessment officer. That notice must be received | 19 | | by the chief county assessment officer on or before March 1 of | 20 | | the collection year. If mailed, the form shall be sent by | 21 | | certified mail, return receipt requested. If the form is | 22 | | provided in person, the chief county assessment officer shall | 23 | | provide a date stamped copy of the notice. Failure to provide | 24 | | timely notice pursuant to this subsection (d-1) shall result in | 25 | | the exemption being treated as an erroneous exemption. Upon | 26 | | timely receipt of the notice for the current tax year, no |
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| 1 | | exemption shall be applied to the property for the current tax | 2 | | year. If the exemption is not removed upon timely receipt of | 3 | | the notice by the chief assessment officer, then the error is | 4 | | considered granted as a result of a clerical error or omission | 5 | | on the part of the chief county assessment officer as described | 6 | | in subsection (h) of Section 9-275, and the property owner | 7 | | shall not be liable for the payment of interest and penalties | 8 | | due to the erroneous exemption for the current tax year for | 9 | | which the notice was filed after the date that notice was | 10 | | timely received pursuant to this subsection. Notice provided | 11 | | under this subsection shall not constitute a defense or amnesty | 12 | | for prior year erroneous exemptions. | 13 | | For the purposes of this subsection (d-1): | 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 collection | 17 | | year. | 18 | | (e) The chief county assessment officer may, when | 19 | | considering whether to grant a leasehold exemption under this | 20 | | Section, require the following conditions to be met: | 21 | | (1) that a notarized application for the exemption, | 22 | | signed by both the owner and the lessee of the property, | 23 | | must be submitted each year during the application period | 24 | | in effect for the county in which the property is located; | 25 | | (2) that a copy of the lease must be filed with the | 26 | | chief county assessment officer by the owner of the |
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| 1 | | property at the time the notarized application is | 2 | | submitted; | 3 | | (3) that the lease must expressly state that the lessee | 4 | | is liable for the payment of property taxes; and | 5 | | (4) that the lease must include the following language | 6 | | in substantially the following form: | 7 | | "Lessee shall be liable for the payment of real | 8 | | estate taxes with respect to the residence in | 9 | | accordance with the terms and conditions of Section | 10 | | 15-175 of the Property Tax Code (35 ILCS 200/15-175). | 11 | | The permanent real estate index number for the premises | 12 | | is (insert number), and, according to the most recent | 13 | | property tax bill, the current amount of real estate | 14 | | taxes associated with the premises is (insert amount) | 15 | | per year. The parties agree that the monthly rent set | 16 | | forth above shall be increased or decreased pro rata | 17 | | (effective January 1 of each calendar year) to reflect | 18 | | any increase or decrease in real estate taxes. Lessee | 19 | | shall be deemed to be satisfying Lessee's liability for | 20 | | the above mentioned real estate taxes with the monthly | 21 | | rent payments as set forth above (or increased or | 22 | | decreased as set forth herein).". | 23 | | In addition, if there is a change in lessee, or if the | 24 | | lessee vacates the property, then the chief county assessment | 25 | | officer may require the owner of the property to notify the | 26 | | chief county assessment officer of that change. |
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| 1 | | This subsection (e) does not apply to leasehold interests | 2 | | in property owned by a municipality. | 3 | | (f) "Homestead property" under this Section includes | 4 | | residential property that is
occupied by its owner or owners as | 5 | | his or their principal dwelling place, or
that is a leasehold | 6 | | interest on which a single family residence is situated,
which | 7 | | is occupied as a residence by a person who has an ownership | 8 | | interest
therein, legal or equitable or as a lessee, and on | 9 | | which the person is
liable for the payment of property taxes. | 10 | | For land improved with
an apartment building owned and operated | 11 | | as a cooperative, the maximum reduction from the equalized
| 12 | | assessed value shall be limited to the increase in the value | 13 | | above the
equalized assessed value of the property for 1977, up | 14 | | to
the maximum reduction set forth above, multiplied by the | 15 | | number of apartments
or units occupied by a person or persons | 16 | | who is liable, by contract with the
owner or owners of record, | 17 | | for paying property taxes on the property and is an
owner of | 18 | | record of a legal or equitable interest in the cooperative
| 19 | | apartment building, other than a leasehold interest. For land | 20 | | improved with a life care facility, the maximum reduction from | 21 | | the value of the property, as equalized by the Department, | 22 | | shall be multiplied by the number of apartments or units | 23 | | occupied by a person or persons, irrespective of any legal, | 24 | | equitable, or leasehold interest in the facility, who are | 25 | | liable, under a life care contract with the owner or owners of | 26 | | record of the facility, for paying property taxes on the |
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| 1 | | property. For purposes of this
Section, the term "life care | 2 | | facility" has the meaning stated in Section
15-170.
| 3 | | "Household", as used in this Section,
means the owner, the | 4 | | spouse of the owner, and all persons using
the
residence of the | 5 | | owner as their principal place of residence.
| 6 | | "Household income", as used in this Section,
means the | 7 | | combined income of the members of a household
for the calendar | 8 | | year preceding the taxable year.
| 9 | | "Income", as used in this Section,
has the same meaning as | 10 | | provided in Section 3.07 of the Senior
Citizens
and Persons | 11 | | with Disabilities Property Tax Relief Act,
except that
"income" | 12 | | does not include veteran's benefits.
| 13 | | (g) In a cooperative or life care facility where a | 14 | | homestead exemption has been granted, the
cooperative | 15 | | association or the management of the cooperative or life care | 16 | | facility shall credit the savings
resulting from that exemption | 17 | | only to the apportioned tax liability of the
owner or resident | 18 | | who qualified for the exemption. Any person who willfully | 19 | | refuses to so
credit the savings shall be guilty of a Class B | 20 | | misdemeanor.
| 21 | | (h) Where married persons maintain and reside in separate | 22 | | residences qualifying
as homestead property, each residence | 23 | | shall receive 50% of the total reduction
in equalized assessed | 24 | | valuation provided by this Section.
| 25 | | (i) In all counties, the assessor
or chief county | 26 | | assessment officer may determine the
eligibility of |
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| 1 | | residential property to receive the homestead exemption and the | 2 | | amount of the exemption by
application, visual inspection, | 3 | | questionnaire or other reasonable methods. The
determination | 4 | | shall be made in accordance with guidelines established by the
| 5 | | Department, provided that the taxpayer applying for an | 6 | | additional general exemption under this Section shall submit to | 7 | | the chief county assessment officer an application with an | 8 | | affidavit of the applicant's total household income, age, | 9 | | marital status (and, if married, the name and address of the | 10 | | applicant's spouse, if known), and principal dwelling place of | 11 | | members of the household on January 1 of the taxable year. The | 12 | | Department shall issue guidelines establishing a method for | 13 | | verifying the accuracy of the affidavits filed by applicants | 14 | | under this paragraph. The applications shall be clearly marked | 15 | | as applications for the Additional General Homestead | 16 | | Exemption.
| 17 | | (i-5) This subsection (i-5) applies to counties with | 18 | | 3,000,000 or more inhabitants. In the event of a sale of
| 19 | | homestead property, the homestead exemption shall remain in | 20 | | effect for the remainder of the assessment year of the sale. | 21 | | Upon receipt of a transfer declaration transmitted by the | 22 | | recorder pursuant to Section 31-30 of the Real Estate Transfer | 23 | | Tax Law for property receiving an exemption under this Section, | 24 | | the assessor shall mail a notice and forms to the new owner of | 25 | | the property providing information pertaining to the rules and | 26 | | applicable filing periods for applying or reapplying for |
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| 1 | | homestead exemptions under this Code for which the property may | 2 | | be eligible. If the new owner fails to apply or reapply for a | 3 | | homestead exemption during the applicable filing period or the | 4 | | property no longer qualifies for an existing homestead | 5 | | exemption, the assessor shall cancel such exemption for any | 6 | | ensuing assessment year. | 7 | | (j) In counties with fewer than 3,000,000 inhabitants, in | 8 | | the event of a sale
of
homestead property the homestead | 9 | | exemption shall remain in effect for the
remainder of the | 10 | | assessment year of the sale. The assessor or chief county
| 11 | | assessment officer may require the new
owner of the property to | 12 | | apply for the homestead exemption for the following
assessment | 13 | | year.
| 14 | | (k) Notwithstanding Sections 6 and 8 of the State Mandates | 15 | | Act, no reimbursement by the State is required for the | 16 | | implementation of any mandate created by this Section.
| 17 | | (l) The changes made to this Section by this amendatory Act | 18 | | of the 100th General Assembly are effective for the 2018 tax | 19 | | year and thereafter. | 20 | | (Source: P.A. 99-143, eff. 7-27-15; 99-164, eff. 7-28-15; | 21 | | 99-642, eff. 7-28-16; 99-851, eff. 8-19-16; 100-401, eff. | 22 | | 8-25-17; 100-1077, eff. 1-1-19 .)
| 23 | | Section 99. Effective date. This Act takes effect upon | 24 | | becoming law.
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