State of Illinois
92nd General Assembly

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 1        AN ACT concerning taxes.

 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 15-107 as follows:

 6        (35 ILCS 200/15-107 new)
 7        Sec. 15-107. Vacant farmland withheld  from  development.
 8    Unimproved property that is not being used for any productive
 9    purpose  and  the  most recent productive use of which was as
10    farmland  is  exempt  from  property  tax  if  the  following
11    conditions are met:
12             (1)  The owner of the property enters into a written
13        agreement with the chief county assessment  officer  that
14        the  property  will not be developed or its use otherwise
15        changed.
16             (2)  The written agreement covers  a  period  of  10
17        assessment years.
18             (3)  The  property  is  not developed and its use is
19        not otherwise changed during the agreement period.
20        If the property is developed  or  its  use  is  otherwise
21    changed  during  the  agreement  period,  the property is not
22    exempt from property taxes. If the property is  developed  or
23    its use is otherwise changed during the agreement period, any
24    taxes  that  would  otherwise  have  been  imposed during the
25    exemption period shall be imposed on the property and payable
26    to the county collector on or before the  next  due  date  or
27    dates  for property taxes due after the property is developed
28    or its use is otherwise changed.
29        To extend the exemption authorized  under  this  Section,
30    the  owner  of  the  property must enter into another 10-year
31    written agreement with the chief county assessment officer.
                            -2-               LRB9215918SMdvA
 1        This Section applies only to counties having a population
 2    between 600,000 and 700,000.

 3        Section 90.  The State Mandates Act is amended by  adding
 4    Section 8.26 as follows:

 5        (30 ILCS 805/8.26 new)
 6        Sec.  8.26.  Exempt  mandate.  Notwithstanding Sections 6
 7    and 8 of this Act, no reimbursement by the State is  required
 8    for  the  implementation  of  any  mandate  created  by  this
 9    amendatory Act of the 92nd General Assembly.

10        Section  99.  Effective  date.  This  Act takes effect on
11    January 1, 2003.

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