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| [ Introduced ] | [ Engrossed ] | [ House Amendment 002 ] |
91_SB1249enr SB1249 Enrolled 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 eligibility notification shall be mailed 26 to the address of the record owner on file with the county. 27 If the notification is mailed by the county to a mortgagee 28 because it is the only address of the record owner filed with 29 the county, then the mortgagee shall, within 30 days of 30 receipt, forward a copy of the notice to each mortgagor of SB1249 Enrolled -2- LRB9107254PTpk 1 the property. There shall be no liability for the failure of 2 the mortgagee to forward the notice to each mortgagor. 3 (b) The corporate authority of a county is authorized to 4 enact ordinances or resolutions that provide for the 5 designation of areas eligible for the special real property 6 tax relief provisions under this Act. Before enacting an 7 ordinance or resolution that proposes designating such an 8 area, the corporate authorities shall conduct a public 9 hearing on the proposed ordinance or resolution. 10 (c) School districts and municipalities within a county 11 have authority to determine their participation in the 12 program of special real property tax relief within their 13 taxing jurisdictions. The provisions of this subsection shall 14 not apply to municipalities and school districts included 15 under subsection (d) of this Section. 16 (d) Notwithstanding any provision to the contrary, if 17 the corporate authority of a county with 3,000,000 or more 18 inhabitants enacts an ordinance or resolution in accordance 19 with subsection (c), a municipality having a population 20 exceeding 500,000 within that county and a school district in 21 a municipality having a population exceeding 500,000 within 22 that county must participate in the program of special 23 property tax relief within their taxing jurisdiction. This 24 subsection is a denial and limitation of home rule powers and 25 functions under subsection (g) of Section 6 of Article VII of 26 the Illinois Constitution. 27 (Source: P.A. 89-127, eff. 1-1-96; 90-648, eff. 7-24-98.)