Bill Text: IL HB0596 | 2021-2022 | 102nd General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. Creates a landlord pandemic relief exemption. Provides that property is entitled to the exemption if: (1) the property is an income-producing property owned by a qualified property owner; (2) the property was subject to Executive Order 2020-10 and each subsequent Executive Order issued by the Governor regarding ceasing eviction proceedings due to the COVID-19 pandemic; (3) the qualified property owner can demonstrate a financial burden due to the eviction moratorium; (4) the qualified property owner is liable for paying the real estate taxes on the property; and (5) the qualified property owner is an owner of record of the property or have a legal or equitable interest in the property, as evidenced by a written instrument. Provides that the exemption may not exceed $10,000 per property. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB0596 Detail]

Download: Illinois-2021-HB0596-Introduced.html

---

102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB0596 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
35 ILCS 200/15-178 new
Amends the Property Tax Code. Creates a landlord pandemic relief exemption. Provides that property is entitled to the exemption if: (1) the property is an income-producing property owned by a qualified property owner; (2) the property was subject to Executive Order 2020-10 and each subsequent Executive Order issued by the Governor regarding ceasing eviction proceedings due to the COVID-19 pandemic; (3) the qualified property owner can demonstrate a financial burden due to the eviction moratorium; (4) the qualified property owner is liable for paying the real estate taxes on the property; and (5) the qualified property owner is an owner of record of the property or have a legal or equitable interest in the property, as evidenced by a written instrument. Provides that the exemption may not exceed $10,000 per property. Effective immediately.
LRB102 10611 HLH 15940 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB0596 LRB102 10611 HLH 15940 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 15-178 as follows:
(35 ILCS 200/15-178 new)
Sec. 15-178. Landlord pandemic relief exemption.
(a) Beginning in taxable year 2021, a landlord pandemic
relief exemption shall be granted by the chief county
assessment officer as a reduction to the assessed value of
qualified property.
(b) The qualified property owner shall receive the
exemption upon receipt of an application that successfully
demonstrates all of the following:
(1) the property is an income-producing property owned
by the qualified property owner;
(2) the property was subject to Executive Order
2020-10, and each subsequent Executive Order issued by the
Governor regarding ceasing eviction proceedings due to the
COVID-19 pandemic;
(3) the qualified property owner must have evidence of
a financial burden due to the eviction moratorium;
(4) the qualified property owner must be liable for

HB0596 - 2 - LRB102 10611 HLH 15940 b
paying the real estate taxes on the property; and
(5) the qualified property owner must be an owner of
record of the property or have a legal or equitable
interest in the property, as evidenced by a written
instrument.
(c)The exemption created under this Section may be granted
to property only after the chief county assessment officer has
received an application by the qualified property owner that
demonstrates the financial burden caused by the State's action
ceasing eviction proceedings during the COVID-19 pandemic.
(d)The amount of the exemption granted under this Section
shall not be more than $10,000 per qualified property. The
chief county assessor shall determine the amount of the
exemption for each property.
(e)The exemption under this Section is in addition to any
other homestead exemption provided in this Article 15.
Notwithstanding Sections 6 and 8 of the State Mandates Act, no
reimbursement by the State is required for the implementation
of any mandate created by this Section.
Section 99. Effective date. This Act takes effect upon
becoming law.