Bill Amendment: IL HB4750 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: PROP TX-TAX BILL INFORMATION
Status: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB4750 Detail]
Download: Illinois-2023-HB4750-House_Amendment_001.html
Bill Title: PROP TX-TAX BILL INFORMATION
Status: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB4750 Detail]
Download: Illinois-2023-HB4750-House_Amendment_001.html
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1 | AMENDMENT TO HOUSE BILL 4750 | ||||||
2 | AMENDMENT NO. ______. Amend House Bill 4750 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 20-15 as follows:
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6 | (35 ILCS 200/20-15) | ||||||
7 | Sec. 20-15. Information on bill or separate statement. | ||||||
8 | There shall be printed on each bill, or on a separate slip | ||||||
9 | which shall be mailed with the bill: | ||||||
10 | (a) a statement itemizing the rate at which taxes have | ||||||
11 | been extended for each of the taxing districts in the | ||||||
12 | county in whose district the property is located, and in | ||||||
13 | those counties utilizing electronic data processing | ||||||
14 | equipment the dollar amount of tax due from the person | ||||||
15 | assessed allocable to each of those taxing districts, | ||||||
16 | including a separate statement of the dollar amount of tax |
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1 | due which is allocable to a tax levied under the Illinois | ||||||
2 | Local Library Act or to any other tax levied by a | ||||||
3 | municipality or township for public library purposes, | ||||||
4 | (b) a separate statement for each of the taxing | ||||||
5 | districts of the dollar amount of tax due which is | ||||||
6 | allocable to a tax levied under the Illinois Pension Code | ||||||
7 | or to any other tax levied by a municipality or township | ||||||
8 | for public pension or retirement purposes, | ||||||
9 | (b-5) a list of each tax increment financing (TIF) | ||||||
10 | district in which the property is located and the dollar | ||||||
11 | amount of tax due that is allocable to the TIF district, | ||||||
12 | (c) the total tax rate, | ||||||
13 | (d) the total amount of tax due, and | ||||||
14 | (e) the amount by which the total tax and the tax | ||||||
15 | allocable to each taxing district differs from the | ||||||
16 | taxpayer's last prior tax bill. | ||||||
17 | The county treasurer shall ensure that only those taxing | ||||||
18 | districts in which a parcel of property is located shall be | ||||||
19 | listed on the bill for that property. | ||||||
20 | In all counties the statement shall also provide: | ||||||
21 | (1) the property index number or other suitable | ||||||
22 | description, | ||||||
23 | (2) the assessment of the property, | ||||||
24 | (3) the statutory amount of each homestead exemption | ||||||
25 | applied to the property, | ||||||
26 | (4) the assessed value of the property after |
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1 | application of all homestead exemptions, | ||||||
2 | (5) the equalization factors imposed by the county and | ||||||
3 | by the Department, and | ||||||
4 | (6) the equalized assessment resulting from the | ||||||
5 | application of the equalization factors to the basic | ||||||
6 | assessment. | ||||||
7 | In all counties which do not classify property for | ||||||
8 | purposes of taxation, for property on which a single family | ||||||
9 | residence is situated the statement shall also include a | ||||||
10 | statement to reflect the fair cash value determined for the | ||||||
11 | property. In all counties which classify property for purposes | ||||||
12 | of taxation in accordance with Section 4 of Article IX of the | ||||||
13 | Illinois Constitution, for parcels of residential property in | ||||||
14 | the lowest assessment classification the statement shall also | ||||||
15 | include a statement to reflect the fair cash value determined | ||||||
16 | for the property. | ||||||
17 | In all counties, the statement must include information | ||||||
18 | that certain taxpayers may be eligible for tax exemptions, | ||||||
19 | abatements, and other assistance programs and that, for more | ||||||
20 | information, taxpayers should consult with the office of their | ||||||
21 | township or county assessor and with the Illinois Department | ||||||
22 | of Revenue. For bills mailed on or after January 1, 2026, the | ||||||
23 | statement must include, in bold face type, a list of | ||||||
24 | exemptions available to taxpayers, the deadlines for applying | ||||||
25 | for those exemptions, and contact information for the township | ||||||
26 | and county assessor and the Department of Revenue. |
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