HB6898 96TH GENERAL ASSEMBLY

LRB096 23386 HLH 42750 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB6898

Introduced , by Rep. Greg Harris

SYNOPSIS AS INTRODUCED:

35 ILCS 200/14-25

Amends the Property Tax Code. Provides that, in Cook County, certificates of error that are issued to grant senior citizens homestead exemptions, senior citizens assessment freeze homestead exemptions, or general homestead exemptions may not be issued for more than the 10 assessment years (instead of 3 assessment years) immediately preceding the assessment year for which the exemption was approved. Effective immediately.

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 14-25 as follows:

(35 ILCS 200/14-25)

Sec. 14-25. Certificate of error; tax exempt property. If an exemption is approved by the Department or by a final court decision in proceedings to review an exemption decision of the Department under the Administrative Review Law then a certificate of error shall be issued under Section 14-15 or 14-20 if one of the following is met:

(a) If the property became eligible for the exemption at an earlier time, a certificate of error shall be issued for the period of eligibility, but in no event, except as otherwise provided in this subsection (a), for more than the 3 assessment years immediately preceding the assessment year for which the exemption was approved. A certificate of error shall be issued for the period of eligibility, but in no event for more than (i) the 5 assessment years immediately preceding the assessment year for which the exemption was approved, if the municipality requests the certificate of error before January 1, 1995 or (ii) the 10 assessment years immediately preceding the assessment year for which the exemption was approved if the property is located in Cook County and the certificate of error is issued to grant a homestead exemption under Section 15-170, 15-172, or 15-175.

(b) If the property is subsequently erroneously assessed as non-exempt, that error shall be remedied by the issuance of a certificate of error.

(c) If the owner failed to file an application for exemption, or a certificate of status under Section 15-10, for an assessment year following the assessment year for which the exemption was approved and the property remains eligible for exemption for the following year.

(Source: P.A. 88-455; 88-660, eff. 9-16-94.)

Section 99. Effective date. This Act takes effect upon becoming law.