HB0373 102ND GENERAL ASSEMBLY

LRB102 02661 HLH 12664 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0373

Introduced 1/29/2021, by Rep. Daniel Didech

SYNOPSIS AS INTRODUCED:

35 ILCS 200/10-10

Amends the Property Tax Code. Makes changes concerning the alternate valuation applied to property containing a solar energy system. Provides that, beginning in assessment year 2021, the alternate valuation shall be the lesser of the value of the property without the solar energy system or the value of the property with the solar energy system. Provides that the owner of the property is not required to file an application for this alternate valuation.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

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 10-10 as follows:

(35 ILCS 200/10-10)

Sec. 10-10. Valuation of solar energy systems.

(a) Until assessment year 2021, when When a solar energy system has been installed in improvements on any property, the owner of that property is entitled to claim, by filing with the chief county assessment officer, an alternate valuation of those improvements. When a claim for alternate valuation is filed, the chief county assessment officer shall ascertain the value of the improvements as if equipped with a conventional heating or cooling system and the value of the improvements as equipped with the solar energy system. So long as the solar energy system is used in total or part as the means of utilizing solar energy improvements, the alternate valuation computed as the lesser of the two values ascertained under this paragraph shall be applied. When the solar energy system so valued ceases to be used as the means of heating or cooling those improvements, the owner of that property shall within 30 days notify the chief county assessment officer in writing by certified mail.

(b) Beginning in assessment year 2021, when a solar energy system has been installed on any property, the chief county assessment officer shall ascertain the value of the property without the solar energy system and the value of the property with the solar energy system. The alternate valuation computed as the lesser of those 2 values shall be applied to the property. Beginning in assessment year 2021, the owner of the property is not required to file an application for this alternate valuation.

(Source: P.A. 80-430; 88-455.)