Bill Text: IL HB5597 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Makes a technical change in a Section concerning exempt property.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB5597 Detail]
Download: Illinois-2011-HB5597-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 15-10 as follows:
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6 | (35 ILCS 200/15-10)
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7 | Sec. 15-10. Exempt property; procedures for certification. | |||||||||||||||||||
8 | All property
granted an exemption by the the Department | |||||||||||||||||||
9 | pursuant to the requirements of
Section 15-5 and
described in | |||||||||||||||||||
10 | the Sections following Section 15-30 and preceding Section | |||||||||||||||||||
11 | 16-5,
to the extent therein limited, is exempt from taxation.
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12 | In order to maintain that exempt status, the titleholder or the | |||||||||||||||||||
13 | owner of the
beneficial interest of any property
that
is exempt | |||||||||||||||||||
14 | must file with the chief county assessment
officer, on or | |||||||||||||||||||
15 | before January 31 of each year (May 31 in the case of property
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16 | exempted by Section 15-170), an affidavit stating whether there | |||||||||||||||||||
17 | has been any
change in the ownership or use of the property or | |||||||||||||||||||
18 | the status of the
owner-resident, or that a disabled veteran | |||||||||||||||||||
19 | who qualifies under Section 15-165
owned and used the property | |||||||||||||||||||
20 | as of January 1 of that year.
The nature of any
change shall be | |||||||||||||||||||
21 | stated in the affidavit. Failure to file an affidavit shall,
in | |||||||||||||||||||
22 | the discretion of the assessment officer, constitute cause to | |||||||||||||||||||
23 | terminate the
exemption of that property, notwithstanding any |
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1 | other provision of this Code.
Owners of 5 or more such exempt | ||||||
2 | parcels within a county may file a single
annual affidavit in | ||||||
3 | lieu of an affidavit for each parcel. The assessment
officer, | ||||||
4 | upon request, shall furnish an affidavit form to the owners, in | ||||||
5 | which
the owner may state whether there has been any change in | ||||||
6 | the ownership or use
of the property or status of the owner or | ||||||
7 | resident as of January 1 of that
year. The owner of 5 or more | ||||||
8 | exempt parcels shall list all the properties
giving the same | ||||||
9 | information for each parcel as required of owners who file
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10 | individual affidavits.
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11 | However, titleholders or owners of the beneficial interest | ||||||
12 | in any property
exempted under any of the following provisions | ||||||
13 | are not required to
submit an annual filing under this Section:
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14 | (1) Section 15-45 (burial grounds) in counties of less | ||||||
15 | than 3,000,000
inhabitants and owned by a not-for-profit
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16 | organization.
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17 | (2) Section 15-40.
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18 | (3) Section 15-50 (United States property).
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19 | If there is a change in use or ownership, however, notice | ||||||
20 | must be filed
pursuant to Section 15-20.
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21 | An application for homestead exemptions shall be filed as | ||||||
22 | provided in
Section 15-170 (senior citizens homestead | ||||||
23 | exemption), Section 15-172 (senior
citizens assessment freeze | ||||||
24 | homestead exemption), and Sections
15-175 (general homestead | ||||||
25 | exemption), 15-176
(general alternative
homestead exemption), | ||||||
26 | and 15-177 (long-time occupant homestead exemption), |
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1 | respectively.
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2 | (Source: P.A. 95-644, eff. 10-12-07.)
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