Illinois General Assembly - Full Text of SB2022
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Full Text of SB2022  100th General Assembly




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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 9-160 as follows:
6    (35 ILCS 200/9-160)
7    Sec. 9-160. Valuation in years other than general
8assessment years. On or before June 1 in each year other than
9the general assessment year, in all counties with less than
103,000,000 inhabitants, and as soon as he or she reasonably can
11in counties with 3,000,000 or more inhabitants, the assessor
12shall list and assess all property which becomes taxable and
13which is not upon the general assessment, and also make and
14return a list of all new or added buildings, structures or
15other improvements of any kind, the value of which had not been
16previously added to or included in the valuation of the
17property on which such improvements have been made, specifying
18the property on which each of the improvements has been made,
19the kind of improvement and the value which, in his or her
20opinion, has been added to the property by the improvements.
21The assessment shall also include or exclude, on a
22proportionate basis in accordance with the provisions of
23Section 9-180, all new or added buildings, structures or other



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1improvements, the value of which was not included in the
2valuation of the property for that year, and all improvements
3which were destroyed or removed. In case of the destruction or
4injury by fire, flood, cyclone, storm or otherwise, or removal
5of any structures of any kind, or of the destruction of or any
6injury to orchard timber, ornamental trees or groves, the value
7of which has been included in any former valuation of the
8property, the assessor shall determine as near as practicable
9how much the value of the property has been diminished, and
10make return thereof.
11    Beginning January 1, 1996, the authority within a unit of
12local government that is responsible for issuing building or
13occupancy permits shall notify the chief county assessment
14officer, by December 31 of the assessment year, when a full or
15partial occupancy permit has been issued for a parcel of real
16property. The chief county assessment officer shall include in
17the assessment of the property for the current year the
18proportionate value of new or added improvements on that
19property from the date the occupancy permit was issued or from
20the date the new or added improvement was inhabitable and fit
21for occupancy or for intended customary use until December 31
22of that year. If the chief county assessment officer has
23already certified the books for the year, the board of review
24or interim board of review shall assess the new or added
25improvements on a proportionate basis for the year in which the
26occupancy permit was issued or the new or added improvement was



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1inhabitable and fit for occupancy or for intended customary
2use. The proportionate value of the new or added improvements
3may be assessed by the board of review or interim board of
4review as omitted property pursuant to Sections 9-265, 9-270,
516-50 and 16-140 in a subsequent year on a proportionate basis
6for the year in which the occupancy permit was issued or the
7new or added improvement was inhabitable and fit for occupancy
8or for intended customary use if it was not assessed in that
10    Nothing in this Section shall be construed to prohibit
11valuation changes in accordance with the provisions of this
12Code, including, but not limited to, Sections 9-75 and 9-205.
13(Source: P.A. 91-486, eff. 1-1-00.)
14    Section 99. Effective date. This Act takes effect upon
15becoming law.