Bill Text: IL HB4069 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Makes changes concerning the alternate valuation applied to property containing a solar energy system. Provides that, beginning in assessment year 2020, the alternate valuation shall be the lesser of the value of the property without the solar energy system or the value of the property with the solar energy system. Provides that the owner of the property is not required to file an application for this alternate valuation.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4069 Detail]
Download: Illinois-2019-HB4069-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||
5 | Section 10-10 as follows:
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6 | (35 ILCS 200/10-10)
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7 | Sec. 10-10. Valuation of solar energy systems. | ||||||||||||||||||||||||
8 | (a) Until assessment year 2020, when When a solar energy | ||||||||||||||||||||||||
9 | system
has been installed in improvements on any property, the | ||||||||||||||||||||||||
10 | owner of that property
is entitled to claim, by filing with the | ||||||||||||||||||||||||
11 | chief county assessment officer, an
alternate valuation of | ||||||||||||||||||||||||
12 | those improvements. When a claim for alternate
valuation is | ||||||||||||||||||||||||
13 | filed, the chief county assessment officer shall ascertain the
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14 | value of the improvements as if equipped with a conventional | ||||||||||||||||||||||||
15 | heating or cooling
system and the value of the improvements as | ||||||||||||||||||||||||
16 | equipped with the solar energy
system. So long as the solar | ||||||||||||||||||||||||
17 | energy system is used in total or part as the
means of | ||||||||||||||||||||||||
18 | utilizing solar energy improvements, the alternate valuation | ||||||||||||||||||||||||
19 | computed
as the lesser of the two values ascertained under this | ||||||||||||||||||||||||
20 | paragraph shall be
applied. When the solar energy system so | ||||||||||||||||||||||||
21 | valued ceases to be used as the means
of heating or cooling | ||||||||||||||||||||||||
22 | those improvements, the owner of that property shall
within 30 | ||||||||||||||||||||||||
23 | days notify the chief county assessment officer in writing
by |
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1 | certified mail.
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2 | (b) Beginning in assessment year 2020, when a solar energy | ||||||
3 | system has been installed on any property, the chief county | ||||||
4 | assessment officer shall ascertain the value of the property | ||||||
5 | without the solar energy system and the value of the property | ||||||
6 | with the solar energy system. The alternate valuation computed
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7 | as the lesser of those 2 values shall be
applied to the | ||||||
8 | property. Beginning in assessment year 2020, the owner of the | ||||||
9 | property is not required to file an application for this | ||||||
10 | alternate valuation. | ||||||
11 | (Source: P.A. 80-430; 88-455.)
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