State of Illinois
92nd General Assembly
Legislation

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[ Introduced ][ Engrossed ][ House Amendment 001 ]
[ Senate Amendment 001 ]


92_SB0015enr

 
SB15 Enrolled                                  LRB9201222MWpk

 1        AN ACT concerning taxation.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Property  Tax Code is amended by adding
 5    Section 10-355 as follows:

 6        (35 ILCS 200/10-355 new)
 7        Sec. 10-355.  Fraternal organization assessment freeze.
 8        (a)  For  the  taxable  year  2002  and  thereafter,  the
 9    assessed value of real property owned and used by a fraternal
10    organization that on  December  31,  1926  had  its  national
11    headquarters in Illinois or that was chartered in Illinois in
12    July 1896, or its subordinate organization or entity, that is
13    exempt  under  Section 501(c)(8) of the Internal Revenue Code
14    and whose members provide, directly or indirectly,  financial
15    support for charitable works, which may include medical care,
16    drug  rehabilitation,  or  education, shall be established by
17    the chief county assessment officer as follows:
18             (1)  if the property meets  the  qualifications  set
19        forth in this Section on January 1, 2002 and on January 1
20        of  each  subsequent assessment year, for assessment year
21        2002 and  each  subsequent  assessment  year,  the  final
22        assessed  value of the property shall be 15% of the final
23        assessed value of the property for  the  assessment  year
24        2001; or
25             (2)  if  the property first meets the qualifications
26        set forth in this Section on January 1 of any  assessment
27        year  after assessment year 2002 and on January 1 of each
28        subsequent assessment year,  for  that  first  assessment
29        year  and  each  subsequent  assessment  year,  the final
30        assessed value shall be 15% of the final  assessed  value
31        of  the  property  for  the  assessment year in which the
 
SB15 Enrolled              -2-                 LRB9201222MWpk
 1        property first meets the qualifications set forth in this
 2        Section.
 3        If, in any year, additions or improvements  are  made  to
 4    property  subject  to  assessment  under this Section and the
 5    additions or improvements would increase the  assessed  value
 6    of  the property, then 15% of the final assessed value of the
 7    additions  or  improvements  shall  be  added  to  the  final
 8    assessed value of the property for  the  year  in  which  the
 9    additions   or   improvements   are  completed  and  for  all
10    subsequent years that the property is eligible for assessment
11    under this Section.
12        (b)  For purposes of this Section, "final assessed value"
13    means the assessed value after final board of review action.
14        (c)  Fraternal organizations whose property  is  assessed
15    under this Section must annually submit an application to the
16    chief  county  assessment officer on or before (i) January 31
17    of the assessment year  in  counties  with  a  population  of
18    3,000,000 or more and (ii) December 31 of the assessment year
19    in  all other counties.  The initial application must contain
20    the information required by the Department of Revenue,  which
21    shall prepare the form, including:
22             (1)  a  copy  of the organization's charter from the
23        State of Illinois, if applicable;
24             (2)  the  location  or  legal  description  of   the
25        property  on  which is located the principal building for
26        the organization, including the PIN number, if available;
27             (3)  a  written  instrument  evidencing   that   the
28        organization  is  the  record  owner  or  has  a legal or
29        equitable interest in the property;
30             (4)  an affidavit that the  organization  is  liable
31        for paying the real property taxes on the property; and
32             (5)  the   signature  of  the  organization's  chief
33        presiding officer.
34        Subsequent applications shall include any changes in  the
 
SB15 Enrolled              -3-                 LRB9201222MWpk
 1    initial  application and shall affirm the ownership, use, and
 2    liability for taxes for the year in which  it  is  submitted.
 3    All applications shall be notarized.
 4        (d)  This  Section  does not apply to parcels exempt from
 5    property taxes under this Code.

 6        Section 10.  The State Mandates Act is amended by  adding
 7    Section 8.25 as follows:

 8        (30 ILCS 805/8.25 new)
 9        Sec.  8.25.  Exempt  mandate.  Notwithstanding Sections 6
10    and 8 of this Act, no reimbursement by the State is  required
11    for  the  implementation  of  any  mandate  created  by  this
12    amendatory Act of the 92nd General Assembly.

13        Section  99.  Effective  Date.   This Act takes effect on
14    January 1, 2002.

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