Bill Text: IL SB2022 | 2017-2018 | 100th General Assembly | Engrossed
Bill Title: Amends the Property Tax Code. In a Section concerning valuation in years other than general assessment years, provides that the Section shall not be construed to prevent valuation changes under other Sections of this Code. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SB2022 Detail]
Download: Illinois-2017-SB2022-Engrossed.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 9-160 as follows:
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6 | (35 ILCS 200/9-160)
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7 | Sec. 9-160. Valuation in years other than general | ||||||
8 | assessment years. On or
before June 1 in each year other than | ||||||
9 | the general assessment year, in all
counties with less than | ||||||
10 | 3,000,000 inhabitants, and as soon as he or she
reasonably can | ||||||
11 | in counties with 3,000,000 or more inhabitants, the assessor
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12 | shall list and assess all property which becomes taxable and | ||||||
13 | which is not upon
the general assessment, and also make and | ||||||
14 | return a list of all new or added
buildings, structures or | ||||||
15 | other improvements of any kind, the value of which had
not been | ||||||
16 | previously added to or included in the valuation of the | ||||||
17 | property on
which such improvements have been made, specifying | ||||||
18 | the property on which each
of the improvements has been made, | ||||||
19 | the kind of improvement and the value which,
in his or her | ||||||
20 | opinion, has been added to the property by the improvements. | ||||||
21 | The
assessment shall also include or exclude, on a | ||||||
22 | proportionate basis in
accordance with the provisions of | ||||||
23 | Section 9-180, all new or
added buildings, structures or other |
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1 | improvements, the value of which was
not included in the | ||||||
2 | valuation of the property for that year, and all
improvements | ||||||
3 | which were destroyed or removed. In case of the destruction or
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4 | injury by fire, flood, cyclone, storm or otherwise, or removal | ||||||
5 | of any
structures of any kind, or of the destruction of or any | ||||||
6 | injury to orchard
timber, ornamental trees or groves, the value | ||||||
7 | of which has been included in any
former valuation of the | ||||||
8 | property, the assessor shall determine as near as
practicable | ||||||
9 | how much the value of the property has been diminished, and | ||||||
10 | make
return thereof.
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11 | Beginning January 1, 1996, the authority within a unit of | ||||||
12 | local government
that is responsible for issuing building or | ||||||
13 | occupancy permits shall notify the
chief county assessment | ||||||
14 | officer, by December 31 of the assessment year, when a
full or | ||||||
15 | partial occupancy permit has
been issued for a
parcel of real | ||||||
16 | property. The chief county assessment officer shall
include in | ||||||
17 | the assessment of the property for the current year the
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18 | proportionate value of new or added improvements on that | ||||||
19 | property from the date
the occupancy permit was issued or from | ||||||
20 | the date the new or added
improvement was
inhabitable and fit | ||||||
21 | for occupancy or for intended customary use until December 31 | ||||||
22 | of that year. If the chief county
assessment officer has | ||||||
23 | already certified the books for the year, the board of
review | ||||||
24 | or interim board of review shall assess the new or added | ||||||
25 | improvements on
a proportionate basis for the year in which the | ||||||
26 | occupancy permit was issued or the new or added
improvement was
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1 | inhabitable and fit for occupancy or for intended customary | ||||||
2 | use.
The proportionate value of
the
new or added improvements | ||||||
3 | may be assessed by the board of review
or interim
board of | ||||||
4 | review as omitted property pursuant to Sections 9-265, 9-270, | ||||||
5 | 16-50
and 16-140 in a subsequent year on a proportionate basis | ||||||
6 | for the year in which
the occupancy permit was
issued or the | ||||||
7 | new or added improvement was
inhabitable and fit for occupancy | ||||||
8 | or for intended customary use
if it was not assessed in that | ||||||
9 | year.
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10 | Nothing in this Section shall be construed to prohibit | ||||||
11 | valuation changes in accordance with the provisions of this | ||||||
12 | Code, including, but not limited to, Sections 9-75 and 9-205. | ||||||
13 | (Source: P.A. 91-486, eff. 1-1-00.)
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14 | Section 99. Effective date. This Act takes effect upon | ||||||
15 | becoming law.
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