State of Illinois
92nd General Assembly
Legislation

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[ Engrossed ][ Senate Amendment 001 ]


92_SB0173

 
                                               LRB9203289SMdv

 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, or its subordinate organization or entity, that
11    is an exempt entity under Section 501(c)(8) of  the  Internal
12    Revenue   Code   and   whose  members  provide,  directly  or
13    indirectly, financial support for charitable works, which may
14    include medical  care,  drug  rehabilitation,  or  education,
15    shall  be  established by the chief county assessment officer
16    as follows:
17             (1)  if the property meets  the  qualifications  set
18        forth in this Section on January 1, 2002 and on January 1
19        of  each  subsequent assessment year, for assessment year
20        2002 and  each  subsequent  assessment  year,  the  final
21        assessed  value of the property shall be 15% of the final
22        assessed value of the property for  the  assessment  year
23        2001; or
24             (2)  if  the property first meets the qualifications
25        set forth in this Section on January 1 of any  assessment
26        year  after assessment year 2002 and on January 1 of each
27        subsequent assessment year,  for  that  first  assessment
28        year  and  each  subsequent  assessment  year,  the final
29        assessed value shall be 15% of the final  assessed  value
30        of  the  property  for  the  assessment year in which the
31        property first meets the qualifications set forth in this
 
                            -2-                LRB9203289SMdv
 1        Section.
 2        If, in any year, additions or improvements  are  made  to
 3    property  subject  to  assessment  under this Section and the
 4    additions or improvements would increase the  assessed  value
 5    of  the property, then 15% of the final assessed value of the
 6    additions  or  improvements  shall  be  added  to  the  final
 7    assessed value of the property for  the  year  in  which  the
 8    additions   or   improvements   are  completed  and  for  all
 9    subsequent years that the property is eligible for assessment
10    under this Section.
11        (b)  For purposes of this Section, "final assessed value"
12    means the assessed value after final board of review action.
13        (c)  Fraternal organizations whose property  is  assessed
14    under this Section must annually submit an application to the
15    chief  county  assessment officer on or before (i) January 31
16    of the assessment year  in  counties  with  a  population  of
17    3,000,000 or more and (ii) December 31 of the assessment year
18    in  all other counties.  The initial application must contain
19    the information required by the Department of Revenue,  which
20    shall prepare the form, including:
21             (1)  a  copy  of the organization's charter from the
22        State of Illinois, if applicable;
23             (2)  the  location  or  legal  description  of   the
24        property  on  which is located the principal building for
25        the organization, including the PIN number, if available;
26             (3)  a  written  instrument  evidencing   that   the
27        organization  is  the  record  owner  or  has  a legal or
28        equitable interest in the property;
29             (4)  an affidavit that the  organization  is  liable
30        for paying the real property taxes on the property; and
31             (5)  the   signature  of  the  organization's  chief
32        presiding officer.
33        Subsequent applications shall include any changes in  the
34    initial  application and shall affirm the ownership, use, and
 
                            -3-                LRB9203289SMdv
 1    liability for taxes for the year in which  it  is  submitted.
 2    All applications shall be notarized.
 3        (d)  This  Section  does not apply to parcels exempt from
 4    property taxes under this Code.

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

 7        (30 ILCS 805/8.25 new)
 8        Sec.  8.25.  Exempt  mandate.  Notwithstanding Sections 6
 9    and 8 of this Act, no reimbursement by the State is  required
10    for  the  implementation  of  any  mandate  created  by  this
11    amendatory Act of the 92nd General Assembly.

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

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