Illinois General Assembly - Full Text of HB3715
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Full Text of HB3715  98th General Assembly




State of Illinois
2013 and 2014


Introduced , by Rep. Barbara Wheeler


35 ILCS 200/15-180

    Amends the Property Tax Code. Provides that the homestead exemption is $100,000 (now $75,000) beginning January 1, 2015. Provides that a homestead exemption claimed for improvements to make the property accessible to a disabled person or a senior citizen who uses the property as his or her primary residence shall continue for as long as the disabled person or senior citizen uses the property as his or her primary residence.

LRB098 14325 HLH 48951 b






HB3715LRB098 14325 HLH 48951 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
5Section 15-180 as follows:
6    (35 ILCS 200/15-180)
7    Sec. 15-180. Homestead improvements. Homestead properties
8that have been improved and residential structures on homestead
9property that have been rebuilt following a catastrophic event
10are entitled to a homestead improvement exemption, limited to
11$30,000 per year through December 31, 1997, $45,000 beginning
12January 1, 1998 and through December 31, 2003, and $75,000 per
13year for that homestead property beginning January 1, 2004 and
14through December 31, 2014, and $100,000 per year for that
15homestead property beginning January 1, 2015 and thereafter, in
16fair cash value, when that property is owned and used
17exclusively for a residential purpose and upon demonstration
18that a proposed increase in assessed value is attributable
19solely to a new improvement of an existing structure or the
20rebuilding of a residential structure following a catastrophic
21event. To be eligible for an exemption under this Section after
22a catastrophic event, the residential structure must be rebuilt
23within 2 years after the catastrophic event. The exemption for



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1rebuilt structures under this Section applies to the increase
2in value of the rebuilt structure over the value of the
3structure before the catastrophic event. The amount of the
4exemption shall be limited to the fair cash value added by the
5new improvement or rebuilding. If an exemption is claimed under
6this section for improvements made to a homestead property in
7order to make the property accessible to a disabled person or
8senior citizen who uses the property as his or her primary
9residence, the exemption shall continue so long as a disabled
10person or senior citizen uses the property as his or her
11primary residence. Otherwise, the exemption and shall continue
12for 4 years from the date the improvement or rebuilding is
13completed and occupied, or until the next following general
14assessment of that property, whichever is later.
15    A proclamation of disaster by the President of the United
16States or Governor of the State of Illinois is not a
17prerequisite to the classification of an occurrence as a
18catastrophic event under this Section. A "catastrophic event"
19may include an occurrence of widespread or severe damage or
20loss of property resulting from any catastrophic cause
21including but not limited to fire, including arson (provided
22the fire was not caused by the willful action of an owner or
23resident of the property), flood, earthquake, wind, storm,
24explosion, or extended periods of severe inclement weather. In
25the case of a residential structure affected by flooding, the
26structure shall not be eligible for this homestead improvement



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1exemption unless it is located within a local jurisdiction
2which is participating in the National Flood Insurance Program.
3    In counties of less than 3,000,000 inhabitants, in addition
4to the notice requirement under Section 12-30, a supervisor of
5assessments, county assessor, or township or multi-township
6assessor responsible for adding an assessable improvement to a
7residential property's assessment shall either notify a
8taxpayer whose assessment has been changed since the last
9preceding assessment that he or she may be eligible for the
10exemption provided under this Section or shall grant the
11exemption automatically.
12    Beginning January 1, 1999, in counties of 3,000,000 or more
13inhabitants, an application for a homestead improvement
14exemption for a residential structure that has been rebuilt
15following a catastrophic event must be submitted to the Chief
16County Assessment Officer with a valuation complaint and a copy
17of the building permit to rebuild the structure. The Chief
18County Assessment Officer may require additional documentation
19which must be provided by the applicant.
20    Notwithstanding Sections 6 and 8 of the State Mandates Act,
21no reimbursement by the State is required for the
22implementation of any mandate created by this Section.
23(Source: P.A. 93-715, eff. 7-12-04.)