Bill Text: IL HB0220 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Provides that if the Department of Revenue determines that any property has been unlawfully exempted from taxation for any year prior to the current assessment year, then that property is considered to be omitted property and may be assessed as set forth under certain provisions of the Code. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB0220 Detail]
Download: Illinois-2009-HB0220-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 15-25 as follows:
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6 | (35 ILCS 200/15-25)
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7 | Sec. 15-25. Removal of exemptions. | ||||||||||||||||||||||||
8 | (a) If the Department determines that any
property has been | ||||||||||||||||||||||||
9 | unlawfully exempted from taxation, or is no longer entitled
to | ||||||||||||||||||||||||
10 | exemption, the Department shall, before January 1 of any year, | ||||||||||||||||||||||||
11 | direct the
chief county assessment officer to assess the | ||||||||||||||||||||||||
12 | property and return it to the
assessment rolls for the next | ||||||||||||||||||||||||
13 | assessment year. The Department shall give
notice of its | ||||||||||||||||||||||||
14 | decision to the owner of the property by certified mail. The
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15 | decision shall be subject to review and hearing under Section | ||||||||||||||||||||||||
16 | 8-35, upon
application by the owner filed within 60 days after | ||||||||||||||||||||||||
17 | the notice of
decision is
mailed. However, the extension of | ||||||||||||||||||||||||
18 | taxes on the assessment shall not be delayed
by any proceedings | ||||||||||||||||||||||||
19 | under this Section. If the property is determined to be
exempt, | ||||||||||||||||||||||||
20 | any taxes extended upon the assessment shall be abated or, if | ||||||||||||||||||||||||
21 | already
paid, be refunded.
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22 | (b) If the Department determines that any
property has been | ||||||||||||||||||||||||
23 | unlawfully exempted from taxation for any year prior to the |
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1 | current assessment year, then that property is considered to be | ||||||
2 | omitted property and may be assessed as set forth under | ||||||
3 | Division 5 of Article 9 of this Code. | ||||||
4 | (Source: P.A. 95-331, eff. 8-21-07.)
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5 | Section 99. Effective date. This Act takes effect upon | ||||||
6 | becoming law.
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