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| [ Engrossed ] | [ Enrolled ] | [ House Amendment 002 ] |
91_SB1249
LRB9107254PTpk
1 AN ACT to amend the Longtime Owner-Occupant Property Tax
2 Relief Act by changing Section 15.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Longtime Owner-Occupant Property Tax
6 Relief Act is amended by changing Section 15 as follows:
7 (35 ILCS 250/15)
8 Sec. 15. Deferral or exemption authority.
9 (a) The corporate authorities of a county shall have the
10 power to provide, by ordinance or resolution, for uniform
11 special real property tax relief provisions granting longtime
12 owner-occupants a deferral or exemption, or combination
13 thereof, in the payment of that portion of an increase of
14 real property taxes which is due to an increase in the market
15 value of the real property as a consequence of the
16 refurbishing or renovating of other residences or the
17 construction of new residences in long-established
18 residential areas or areas of deteriorated, vacant or
19 abandoned homes and properties. A deferral or exemption, or
20 combination thereof, may be granted until the longtime
21 owner-occupant transfers title to the property.
22 The ordinance or resolution must include a provision
23 requiring that eligibility notification of the special real
24 property tax relief be delivered to the record owner of the
25 property taxed, the person in whose name the property is
26 taxed, or the owner or person at or in care of the address
27 of the mortgage lender for the property's mortgage. If the
28 notification is delivered to the owner or person at or in
29 care of the address of the mortgage lender, then the mortgage
30 lender must within 15 days after receiving the notification
-2- LRB9107254PTpk
1 deliver an additional copy of the notification to each
2 mortgagor of the property at his or her last known address as
3 shown on the records of the mortgage lender.
4 (b) The corporate authority of a county is authorized to
5 enact ordinances or resolutions that provide for the
6 designation of areas eligible for the special real property
7 tax relief provisions under this Act. Before enacting an
8 ordinance or resolution that proposes designating such an
9 area, the corporate authorities shall conduct a public
10 hearing on the proposed ordinance or resolution.
11 (c) School districts and municipalities within a county
12 have authority to determine their participation in the
13 program of special real property tax relief within their
14 taxing jurisdictions. The provisions of this subsection shall
15 not apply to municipalities and school districts included
16 under subsection (d) of this Section.
17 (d) Notwithstanding any provision to the contrary, if
18 the corporate authority of a county with 3,000,000 or more
19 inhabitants enacts an ordinance or resolution in accordance
20 with subsection (c), a municipality having a population
21 exceeding 500,000 within that county and a school district in
22 a municipality having a population exceeding 500,000 within
23 that county must participate in the program of special
24 property tax relief within their taxing jurisdiction. This
25 subsection is a denial and limitation of home rule powers and
26 functions under subsection (g) of Section 6 of Article VII of
27 the Illinois Constitution.
28 (Source: P.A. 89-127, eff. 1-1-96; 90-648, eff. 7-24-98.)