Bill Text: IL HB4470 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that certain property on which a community-integrated living arrangement is located is entitled to a reduction in its equalized assessed value in an amount equal to the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence is multiplied by $2,000. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB4470 Detail]

Download: Illinois-2023-HB4470-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4470 Introduced , by Rep. Janet Yang Rohr SYNOPSIS AS INTRODUCED:
35 ILCS 200/15-87 new
Amends the Property Tax Code. Provides that certain property on which a community-integrated living arrangement is located is entitled to a reduction in its equalized assessed value in an amount equal to the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence is multiplied by $2,000. Effective immediately.
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A BILL FOR
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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 15-87 as follows:
(35 ILCS 200/15-87 new)
Sec. 15-87. Community-integrated living arrangements.
(a) Beginning in taxable year 2025, property that is used
exclusively for the operation of a community-integrated living
arrangement is entitled to a reduction in the equalized
assessed value of the property as provided in subsection (b).
If the community-integrated living arrangement is not operated
by a not-for-profit organization, then the reduction under
this Section applies only if all of the following conditions
are met:
(1) the property must be owned by a resident of the
community-integrated living arrangement, by a family
member of a resident of the community-integrated living
arrangement, or by a limited liability company that has a
member who is a resident of the community-integrated
living arrangement or a family member of a resident of the
community-integrated living arrangement;
(2) the community-integrated living arrangement must

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be the principal place of residence of at least one other
person who is not a family member of an owner or member
described in item (1);
(3) the community-integrated living arrangement must
be licensed under the Community-Integrated Living
Arrangements Licensure and Certification Act; and
(4) the owner of the property may not be the owner of
any other community-integrated living arrangement.
(b) The amount of the reduction shall be the product that
results when the number of occupants who use the
community-integrated living arrangement as a primary
residence, as determined for the month of the taxable year
when the community-integrated living arrangement has the
largest number of occupants, is multiplied by $2,000. In no
event may a reduction under this Section reduce the equalized
assessed value of the property to less than zero.
(c) Application for the reduction under this Section must
be made during the application period in effect for the county
in which the property is located. The assessor or chief county
assessment officer may determine the eligibility of
residential property to receive the reduction by application,
visual inspection, questionnaire, or other reasonable methods.
(d) As used in this Section:
"Community-integrated living arrangement" has the meaning
given to that term in Section 3 of the Community-Integrated
Living Arrangements Licensure and Certification Act.

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"Family member" means a spouse, civil union partner,
child, stepchild, grandchild, sibling, aunt, uncle, niece,
nephew, first cousin, parent, stepparent, or grandparent of a
person who is a resident of the community-integrated living
arrangement.