Illinois General Assembly - Full Text of HB0043
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Full Text of HB0043  101st General Assembly


Rep. Anthony DeLuca

Filed: 4/9/2019





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2    AMENDMENT NO. ______. Amend House Bill 43 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Property Tax Code is amended by adding
5Division 21 to Article 10 as follows:
6    (35 ILCS 200/Art. 10 Div. 21 heading new)
Division 21. Southland reactivation property

8    (35 ILCS 200/10-800 new)
9    Sec. 10-800. Southland reactivation property.
10    (a) For the purposes of this Section:
11    "Base year" means the last tax year prior to the date of
12the application during which the property was occupied and
13assessed and for which taxes were collected.
14    "Cook County Land Bank Authority" means the Cook County
15Land Bank Authority created by ordinance of the Cook County



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2    "Participating entity" means the South Suburban Land Bank
3and Development Authority, the Cook County Land Bank
4Development Authority, or both collectively.
5    "Southland reactivation property" means property that:
6        (1) has been designated by the municipality by
7    resolution as a priority tax reactivation parcel, site, or
8    property due to its long-standing economic stagnation;
9        (2) is held by a participating entity; and
10        (3) meets the following criteria:
11            (A) the property has been acquired, and is
12        currently held, by a participating entity for purposes
13        of stabilizing the tax base and enhancing economic
14        activities that promote sustainable, healthy, and
15        stable communities that align with local government
16        plans and priorities;
17            (B) the property has had its past property and ad
18        valorem taxes extinguished;
19            (C) the property is zoned for commercial or
20        industrial use;
21            (D) the property is vacant land or contains empty
22        non-residential property;
23            (E) the property does not have a current lawful
24        occupant, as attested to by a supporting affidavit;
25            (F) sale or transfer of the property to a developer
26        following southland reactivation designation would



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1        result in investment that would trigger a new higher
2        equalized assessed valuation;
3            (G) the property is located in any of the following
4        townships in Cook County: Bloom, Bremen, Calumet,
5        Rich, Thornton, or Worth;
6            (H) where reoccupation of abandoned property and
7        subsequent substantial rehabilitation is planned, an
8        application for southland reactivation designation is
9        filed and a resolution passed by a municipality prior
10        to the commencement of reoccupation and such
11        rehabilitation; and
12            (I) but for the southland reactivation
13        designation, development or redevelopment would not
14        occur.
15    "South Suburban Land Bank and Development Authority" means
16the South Suburban Land Bank and Development Authority created
17by an intergovernmental agreement between the Cities of Blue
18Island and Oak Forest and the Village of Park Forest.
19    "Tax year" means the calendar year for which assessed value
20is determined as of January 1 of that year.
21    (b) Within 5 years after the effective date of this
22amendatory Act of the 101st General Assembly, purchasers of
23real property from a participating entity may submit an
24application, along with a resolution approved by the corporate
25authorities of the municipality or municipalities in which the
26property is located, to the participating entity to have the



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1property certified as a southland reactivation property. If the
2property meets the criteria for southland reactivation
3property set forth in subsection (a), then the participating
4entity has 5 years from the effective date of this amendatory
5Act of the 101st General Assembly within which it may certify
6the property as southland reactivation property for the
7purposes of promoting rehabilitation of vacant and
8underutilized property in order to attract and enhance economic
9activities and investment that stabilize, restore, and grow the
10tax base in severely blighted areas within Chicago's south
11suburbs. This certification is nonrenewable and shall be
12transmitted by the municipality or the participating entity on
13behalf of the municipality to the chief county assessment
14officer as soon as possible after the property is certified.
15    (c) Beginning with the first tax year after the property is
16certified as southland reactivation property and continuing
17through the twelfth tax year after the property is certified as
18southland reactivation property, for the purpose of taxation
19under this Code, the property shall be valued at 33 1/3% of the
20fair cash value of the land, without regard to buildings,
21structures, improvements, and other permanent fixtures located
22on the property as established by the chief county assessment
23officer. For the first 3 tax years after the property is
24certified as southland reactivation property, the aggregate
25tax liability for the property shall be no greater than $75,000
26per year. That aggregate tax liability, once collected, shall



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1be distributed to the taxing districts in which the property is
2located according to each taxing district's proportionate
3share of that aggregate liability. Beginning with the fourth
4tax year after the property is certified as southland
5reactivation property and continuing through the twelfth tax
6year after the property is certified as southland reactivation
7property, the property's tax liability for each taxing district
8in which the property is located shall be increased over the
9tax liability for the preceding year by the percentage
10increase, if any, in the total equalized assessed value of all
11property in the taxing district. In no event shall the
12purchaser's annual tax liability decrease based on the
13computation of the total equalized assessed value of all taxing
15    (d) No later than March 1 of each year before taxes are
16extended for the prior tax year, the municipality or the
17participating entity on behalf of the municipality shall
18certify to the county clerk of the county in which the property
19is located a percentage reduction to be applied to property
20taxes to limit the aggregate tax liability on southland
21reactivation property in accordance with this Section.
22    (e) The participating entity shall collect annually for the
23pilot program period information about the number of
24applicants, project location, proposed use, investment, job
25creation, and certifications of southland reactivation sites
26to allow for the evaluation and assessment of the effectiveness



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1of southland reactivation designation. Each participating
2entity shall annually present to its governing board all
3collected metrics related to southland reactivation sites so
4designated as of the effective date of this amendatory Act of
5the 101st General Assembly to assess outcomes and desired
6results and report findings to members of the General Assembly
7at the conclusion of the 5-year designation period.".