State of Illinois
91st General Assembly
Legislation

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[ Introduced ][ Enrolled ][ House Amendment 002 ]

91_SB1249eng

 
SB1249 Engrossed                               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
 
SB1249 Engrossed            -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.)

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