91st General Assembly
Summary of SB0747
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Senate Sponsors:
SILVERSTEIN.

House Sponsors:
CURRIE-DAVIS,MONIQUE

Short description: 
PROP TX-SENIOR HMSTD EXEMPTN                                               

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that for the  purpose  of      
   the  Senior Citzens Homestead Exemption the maximum reduction from the      
   value of a life care facility shall be multiplied  by  the  number  of      
   apartments  or  units  occupied  by  persons 65 years or older who are      
   liable for paying property taxes on the property.                           
          FISCAL NOTE (Department of Revenue)                                  
          Fiscal impact does not affect State revenues, only those             
          received by local taxing districts.                                  
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          35 ILCS 200/15-170                                                   
          Adds reference to:                                                   
          35 ILCS 200/16-125                                                   
          35 ILCS 200/16-169 new                                               
          35 ILCS 200/16-170                                                   
          35 ILCS 200/16-180                                                   
        Deletes  everything.   Amends  the  provisions   concerning   the      
   Property Tax Appeal Board in the Property Tax Code.  Provides that, in      
   counties  with 3,000,000 or more inhabitants, for valuation in appeals      
   that concern a request for a change in assessed value of  $100,000  or      
   more  for commercial or industrial property, the taxpayer shall submit      
   certain valuation and sale information concerning the subject property      
   for the period beginning 2 years prior to the end of subject tax  year      
   and  up  to  the  end of the subject tax year. For hearings concerning      
   property in counties with  3,000,000  or  more  inhabitants  when  the      
   appeal  requests  a change in assessed value of $100,000 or more, sets      
   forth specific notice timelines and requires  the  filing  of  certain      
   documentation  with  the  Board and the tender of the documentation to      
   the opposing party.  Provides that the Board shall (now, may)  require      
   the production of information deemed material to make a just decision.      
   Provides  that  when  market  value  is  the  basis  of an appeal, the      
   appellant  has  the  burden  of  proving  each  contested  fact  by  a      
   preponderance of the evidence and that when uniformity  is  the  basis      
   for  an appeal, the appellant has the burden of proving each contested      
   fact by clear and convincing evidence.  Provides that  where  property      
   is  classified for purposes of taxation and a classification ordinance      
   has been adopted, the  correct  assessment  for  property  other  than      
   residential  property  of  6  units  of  less  shall  be determined by      
   debasing the market value of the subject  property  by  the  ordinance      
   level  for  that  class  of property. In a Section concerning hearings      
   held  by  boards  of  review  in  counties  with  3,000,000  or   more      
   inhabitants,  provides that the board may destroy or otherwise dispose      
   of complaints and records pertaining thereto  after  the  lapse  of  5      
   (now, 10) years from the date of filing. Effective immediately.             
          HOUSING AFFORDABILITY NOTE, H-AM 1 (Housing Development Auth.)       
          There will be no fiscal effect on the cost of constructing,          
          purchasing, owning, or selling a single family residence.            
          HOME RULE NOTE, H-AM 1                                               
          (Department of Commerce and Community Affairs)                       
          SB747 (H-am 1) does not contain language indicating a pre-emp-       
          tion of the powers and functions of home rule units.                 
          STATE MANDATES NOTE, H-AM 1                                          
          (Department of Commerce and Community Affairs)                       
          SB747 (H-am 1) creates a due process mandate for which reim-         
          bursement by the State is not required. An estimate of the           
          cost to units of local government is not available.                  
          FISCAL NOTE, H-AM 1 (Department of Revenue)                          
          This legislation affects only local taxing districts and local       
          taxpayers and does not create a fiscal impact for the Depart-        
          ment or the State.                                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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 Full Text  Bill Status