Bill Text: IL HB1377 | 2023-2024 | 103rd General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Property Tax Code. Creates a homestead exemption for eligible property that contains a single family residence that was built no earlier than January 1, 2021 by a municipality and was sold to a private homeowner before January 1, 2035. Provides that the exemption applies for a 10-year period beginning with the tax year following the year in which the property is first sold by the municipality to a private homeowner. Sets forth the amount of the exemption. Effective immediately.
Spectrum: Partisan Bill (Democrat 14-0)
Status: (Enrolled) 2024-06-21 - Sent to the Governor [HB1377 Detail]
Download: Illinois-2023-HB1377-Introduced.html
Bill Title: Amends the Property Tax Code. Creates a homestead exemption for eligible property that contains a single family residence that was built no earlier than January 1, 2021 by a municipality and was sold to a private homeowner before January 1, 2035. Provides that the exemption applies for a 10-year period beginning with the tax year following the year in which the property is first sold by the municipality to a private homeowner. Sets forth the amount of the exemption. Effective immediately.
Spectrum: Partisan Bill (Democrat 14-0)
Status: (Enrolled) 2024-06-21 - Sent to the Governor [HB1377 Detail]
Download: Illinois-2023-HB1377-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 9-275 and by adding Section 15-179 as follows:
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6 | (35 ILCS 200/9-275) | |||||||||||||||||||||
7 | Sec. 9-275. Erroneous homestead exemptions. | |||||||||||||||||||||
8 | (a) For purposes of this Section: | |||||||||||||||||||||
9 | "Erroneous homestead exemption" means a homestead | |||||||||||||||||||||
10 | exemption that was granted for real property in a taxable year | |||||||||||||||||||||
11 | if the property was not eligible for that exemption in that | |||||||||||||||||||||
12 | taxable year. If the taxpayer receives an erroneous homestead | |||||||||||||||||||||
13 | exemption under a single Section of this Code for the same | |||||||||||||||||||||
14 | property in multiple years, that exemption is considered a | |||||||||||||||||||||
15 | single erroneous homestead exemption for purposes of this | |||||||||||||||||||||
16 | Section. However, if the taxpayer receives erroneous homestead | |||||||||||||||||||||
17 | exemptions under multiple Sections of this Code for the same | |||||||||||||||||||||
18 | property, or if the taxpayer receives erroneous homestead | |||||||||||||||||||||
19 | exemptions under the same Section of this Code for multiple | |||||||||||||||||||||
20 | properties, then each of those exemptions is considered a | |||||||||||||||||||||
21 | separate erroneous homestead exemption for purposes of this | |||||||||||||||||||||
22 | Section. | |||||||||||||||||||||
23 | "Homestead exemption" means an exemption under Section |
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1 | 15-165 (veterans with disabilities), 15-167 (returning | ||||||
2 | veterans), 15-168 (persons with disabilities), 15-169 | ||||||
3 | (standard homestead for veterans with disabilities), 15-170 | ||||||
4 | (senior citizens), 15-172 (low-income senior citizens | ||||||
5 | assessment freeze), 15-175 (general homestead), 15-176 | ||||||
6 | (alternative general homestead), or 15-177 (long-time | ||||||
7 | occupant) , or 15-179 (residential new construction) . | ||||||
8 | "Erroneous exemption principal amount" means the total | ||||||
9 | difference between the property taxes actually billed to a | ||||||
10 | property index number and the amount of property taxes that | ||||||
11 | would have been billed but for the erroneous exemption or | ||||||
12 | exemptions. | ||||||
13 | "Taxpayer" means the property owner or leasehold owner | ||||||
14 | that erroneously received a homestead exemption upon property. | ||||||
15 | (b) Notwithstanding any other provision of law, in | ||||||
16 | counties with 3,000,000 or more inhabitants, the chief county | ||||||
17 | assessment officer shall include the following information | ||||||
18 | with each assessment notice sent in a general assessment year: | ||||||
19 | (1) a list of each homestead exemption available under Article | ||||||
20 | 15 of this Code and a description of the eligibility criteria | ||||||
21 | for that exemption, including the number of assessment years | ||||||
22 | of automatic renewal remaining on a current senior citizens | ||||||
23 | homestead exemption if such an exemption has been applied to | ||||||
24 | the property; (2) a list of each homestead exemption applied | ||||||
25 | to the property in the current assessment year; (3) | ||||||
26 | information regarding penalties and interest that may be |
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1 | incurred under this Section if the taxpayer received an | ||||||
2 | erroneous homestead exemption in a previous taxable year; and | ||||||
3 | (4) notice of the 60-day grace period available under this | ||||||
4 | subsection. If, within 60 days after receiving his or her | ||||||
5 | assessment notice, the taxpayer notifies the chief county | ||||||
6 | assessment officer that he or she received an erroneous | ||||||
7 | homestead exemption in a previous taxable year, and if the | ||||||
8 | taxpayer pays the erroneous exemption principal amount, plus | ||||||
9 | interest as provided in subsection (f), then the taxpayer | ||||||
10 | shall not be liable for the penalties provided in subsection | ||||||
11 | (f) with respect to that exemption. | ||||||
12 | (c) In counties with 3,000,000 or more inhabitants, when | ||||||
13 | the chief county assessment officer determines that one or | ||||||
14 | more erroneous homestead exemptions was applied to the | ||||||
15 | property, the erroneous exemption principal amount, together | ||||||
16 | with all applicable interest and penalties as provided in | ||||||
17 | subsections (f) and (j), shall constitute a lien in the name of | ||||||
18 | the People of Cook County on the property receiving the | ||||||
19 | erroneous homestead exemption. Upon becoming aware of the | ||||||
20 | existence of one or more erroneous homestead exemptions, the | ||||||
21 | chief county assessment officer shall cause to be served, by | ||||||
22 | both regular mail and certified mail, a notice of discovery as | ||||||
23 | set forth in subsection (c-5). The chief county assessment | ||||||
24 | officer in a county with 3,000,000 or more inhabitants may | ||||||
25 | cause a lien to be recorded against property that (1) is | ||||||
26 | located in the county and (2) received one or more erroneous |
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1 | homestead exemptions if, upon determination of the chief | ||||||
2 | county assessment officer, the taxpayer received: (A) one or 2 | ||||||
3 | erroneous homestead exemptions for real property, including at | ||||||
4 | least one erroneous homestead exemption granted for the | ||||||
5 | property against which the lien is sought, during any of the 3 | ||||||
6 | collection years immediately prior to the current collection | ||||||
7 | year in which the notice of discovery is served; or (B) 3 or | ||||||
8 | more erroneous homestead exemptions for real property, | ||||||
9 | including at least one erroneous homestead exemption granted | ||||||
10 | for the property against which the lien is sought, during any | ||||||
11 | of the 6 collection years immediately prior to the current | ||||||
12 | collection year in which the notice of discovery is served. | ||||||
13 | Prior to recording the lien against the property, the chief | ||||||
14 | county assessment officer shall cause to be served, by both | ||||||
15 | regular mail and certified mail, return receipt requested, on | ||||||
16 | the person to whom the most recent tax bill was mailed and the | ||||||
17 | owner of record, a notice of intent to record a lien against | ||||||
18 | the property. The chief county assessment officer shall cause | ||||||
19 | the notice of intent to record a lien to be served within 3 | ||||||
20 | years from the date on which the notice of discovery was | ||||||
21 | served. | ||||||
22 | (c-5) The notice of discovery described in subsection (c) | ||||||
23 | shall: (1) identify, by property index number, the property | ||||||
24 | for which the chief county assessment officer has knowledge | ||||||
25 | indicating the existence of an erroneous homestead exemption; | ||||||
26 | (2) set forth the taxpayer's liability for principal, |
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1 | interest, penalties, and administrative costs including, but | ||||||
2 | not limited to, recording fees described in subsection (f); | ||||||
3 | (3) inform the taxpayer that he or she will be served with a | ||||||
4 | notice of intent to record a lien within 3 years from the date | ||||||
5 | of service of the notice of discovery; (4) inform the taxpayer | ||||||
6 | that he or she may pay the outstanding amount, plus interest, | ||||||
7 | penalties, and administrative costs at any time prior to being | ||||||
8 | served with the notice of intent to record a lien or within 30 | ||||||
9 | days after the notice of intent to record a lien is served; and | ||||||
10 | (5) inform the taxpayer that, if the taxpayer provided notice | ||||||
11 | to the chief county assessment officer as provided in | ||||||
12 | subsection (d-1) of Section 15-175 of this Code, upon | ||||||
13 | submission by the taxpayer of evidence of timely notice and | ||||||
14 | receipt thereof by the chief county assessment officer, the | ||||||
15 | chief county assessment officer will withdraw the notice of | ||||||
16 | discovery and reissue a notice of discovery in compliance with | ||||||
17 | this Section in which the taxpayer is not liable for interest | ||||||
18 | and penalties for the current tax year in which the notice was | ||||||
19 | received. | ||||||
20 | For the purposes of this subsection (c-5): | ||||||
21 | "Collection year" means the year in which the first and | ||||||
22 | second installment of the current tax year is billed. | ||||||
23 | "Current tax year" means the year prior to the collection | ||||||
24 | year. | ||||||
25 | (d) The notice of intent to record a lien described in | ||||||
26 | subsection (c) shall: (1) identify, by property index number, |
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1 | the property against which the lien is being sought; (2) | ||||||
2 | identify each specific homestead exemption that was | ||||||
3 | erroneously granted and the year or years in which each | ||||||
4 | exemption was granted; (3) set forth the erroneous exemption | ||||||
5 | principal amount due and the interest amount and any penalty | ||||||
6 | and administrative costs due; (4) inform the taxpayer that he | ||||||
7 | or she may request a hearing within 30 days after service and | ||||||
8 | may appeal the hearing officer's ruling to the circuit court; | ||||||
9 | (5) inform the taxpayer that he or she may pay the erroneous | ||||||
10 | exemption principal amount, plus interest and penalties, | ||||||
11 | within 30 days after service; and (6) inform the taxpayer | ||||||
12 | that, if the lien is recorded against the property, the amount | ||||||
13 | of the lien will be adjusted to include the applicable | ||||||
14 | recording fee and that fees for recording a release of the lien | ||||||
15 | shall be incurred by the taxpayer. A lien shall not be filed | ||||||
16 | pursuant to this Section if the taxpayer pays the erroneous | ||||||
17 | exemption principal amount, plus penalties and interest, | ||||||
18 | within 30 days of service of the notice of intent to record a | ||||||
19 | lien. | ||||||
20 | (e) The notice of intent to record a lien shall also | ||||||
21 | include a form that the taxpayer may return to the chief county | ||||||
22 | assessment officer to request a hearing. The taxpayer may | ||||||
23 | request a hearing by returning the form within 30 days after | ||||||
24 | service. The hearing shall be held within 90 days after the | ||||||
25 | taxpayer is served. The chief county assessment officer shall | ||||||
26 | promulgate rules of service and procedure for the hearing. The |
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1 | chief county assessment officer must generally follow rules of | ||||||
2 | evidence and practices that prevail in the county circuit | ||||||
3 | courts, but, because of the nature of these proceedings, the | ||||||
4 | chief county assessment officer is not bound by those rules in | ||||||
5 | all particulars. The chief county assessment officer shall | ||||||
6 | appoint a hearing officer to oversee the hearing. The taxpayer | ||||||
7 | shall be allowed to present evidence to the hearing officer at | ||||||
8 | the hearing. After taking into consideration all the relevant | ||||||
9 | testimony and evidence, the hearing officer shall make an | ||||||
10 | administrative decision on whether the taxpayer was | ||||||
11 | erroneously granted a homestead exemption for the taxable year | ||||||
12 | in question. The taxpayer may appeal the hearing officer's | ||||||
13 | ruling to the circuit court of the county where the property is | ||||||
14 | located as a final administrative decision under the | ||||||
15 | Administrative Review Law. | ||||||
16 | (f) A lien against the property imposed under this Section | ||||||
17 | shall be filed with the county recorder of deeds, but may not | ||||||
18 | be filed sooner than 60 days after the notice of intent to | ||||||
19 | record a lien was delivered to the taxpayer if the taxpayer | ||||||
20 | does not request a hearing, or until the conclusion of the | ||||||
21 | hearing and all appeals if the taxpayer does request a | ||||||
22 | hearing. If a lien is filed pursuant to this Section and the | ||||||
23 | taxpayer received one or 2 erroneous homestead exemptions | ||||||
24 | during any of the 3 collection years immediately prior to the | ||||||
25 | current collection year in which the notice of discovery is | ||||||
26 | served, then the erroneous exemption principal amount, plus |
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1 | 10% interest per annum or portion thereof from the date the | ||||||
2 | erroneous exemption principal amount would have become due if | ||||||
3 | properly included in the tax bill, shall be charged against | ||||||
4 | the property by the chief county assessment officer. However, | ||||||
5 | if a lien is filed pursuant to this Section and the taxpayer | ||||||
6 | received 3 or more erroneous homestead exemptions during any | ||||||
7 | of the 6 collection years immediately prior to the current | ||||||
8 | collection year in which the notice of discovery is served, | ||||||
9 | the erroneous exemption principal amount, plus a penalty of | ||||||
10 | 50% of the total amount of the erroneous exemption principal | ||||||
11 | amount for that property and 10% interest per annum or portion | ||||||
12 | thereof from the date the erroneous exemption principal amount | ||||||
13 | would have become due if properly included in the tax bill, | ||||||
14 | shall be charged against the property by the chief county | ||||||
15 | assessment officer. If a lien is filed pursuant to this | ||||||
16 | Section, the taxpayer shall not be liable for interest that | ||||||
17 | accrues between the date the notice of discovery is served and | ||||||
18 | the date the lien is filed. Before recording the lien with the | ||||||
19 | county recorder of deeds, the chief county assessment officer | ||||||
20 | shall adjust the amount of the lien to add administrative | ||||||
21 | costs, including but not limited to the applicable recording | ||||||
22 | fee, to the total lien amount. | ||||||
23 | (g) If a person received an erroneous homestead exemption | ||||||
24 | under Section 15-170 and: (1) the person was the spouse, | ||||||
25 | child, grandchild, brother, sister, niece, or nephew of the | ||||||
26 | previous taxpayer; and (2) the person received the property by |
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1 | bequest or inheritance; then the person is not liable for the | ||||||
2 | penalties imposed under this Section for any year or years | ||||||
3 | during which the chief county assessment officer did not | ||||||
4 | require an annual application for the exemption or, in a | ||||||
5 | county with 3,000,000 or more inhabitants, an application for | ||||||
6 | renewal of a multi-year exemption pursuant to subsection (i) | ||||||
7 | of Section 15-170, as the case may be. However, that person is | ||||||
8 | responsible for any interest owed under subsection (f). | ||||||
9 | (h) If the erroneous homestead exemption was granted as a | ||||||
10 | result of a clerical error or omission on the part of the chief | ||||||
11 | county assessment officer, and if the taxpayer has paid the | ||||||
12 | tax bills as received for the year in which the error occurred, | ||||||
13 | then the interest and penalties authorized by this Section | ||||||
14 | with respect to that homestead exemption shall not be | ||||||
15 | chargeable to the taxpayer. However, nothing in this Section | ||||||
16 | shall prevent the collection of the erroneous exemption | ||||||
17 | principal amount due and owing. | ||||||
18 | (i) A lien under this Section is not valid as to (1) any | ||||||
19 | bona fide purchaser for value without notice of the erroneous | ||||||
20 | homestead exemption whose rights in and to the underlying | ||||||
21 | parcel arose after the erroneous homestead exemption was | ||||||
22 | granted but before the filing of the notice of lien; or (2) any | ||||||
23 | mortgagee, judgment creditor, or other lienor whose rights in | ||||||
24 | and to the underlying parcel arose before the filing of the | ||||||
25 | notice of lien. A title insurance policy for the property that | ||||||
26 | is issued by a title company licensed to do business in the |
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1 | State showing that the property is free and clear of any liens | ||||||
2 | imposed under this Section shall be prima facie evidence that | ||||||
3 | the taxpayer is without notice of the erroneous homestead | ||||||
4 | exemption. Nothing in this Section shall be deemed to impair | ||||||
5 | the rights of subsequent creditors and subsequent purchasers | ||||||
6 | under Section 30 of the Conveyances Act. | ||||||
7 | (j) When a lien is filed against the property pursuant to | ||||||
8 | this Section, the chief county assessment officer shall mail a | ||||||
9 | copy of the lien to the person to whom the most recent tax bill | ||||||
10 | was mailed and to the owner of record, and the outstanding | ||||||
11 | liability created by such a lien is due and payable within 30 | ||||||
12 | days after the mailing of the lien by the chief county | ||||||
13 | assessment officer. This liability is deemed delinquent and | ||||||
14 | shall bear interest beginning on the day after the due date at | ||||||
15 | a rate of 1.5% per month or portion thereof. Payment shall be | ||||||
16 | made to the county treasurer. Upon receipt of the full amount | ||||||
17 | due, as determined by the chief county assessment officer, the | ||||||
18 | county treasurer shall distribute the amount paid as provided | ||||||
19 | in subsection (k). Upon presentment by the taxpayer to the | ||||||
20 | chief county assessment officer of proof of payment of the | ||||||
21 | total liability, the chief county assessment officer shall | ||||||
22 | provide in reasonable form a release of the lien. The release | ||||||
23 | of the lien provided shall clearly inform the taxpayer that it | ||||||
24 | is the responsibility of the taxpayer to record the lien | ||||||
25 | release form with the county recorder of deeds and to pay any | ||||||
26 | applicable recording fees. |
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1 | (k) The county treasurer shall pay collected erroneous | ||||||
2 | exemption principal amounts, pro rata, to the taxing | ||||||
3 | districts, or their legal successors, that levied upon the | ||||||
4 | subject property in the taxable year or years for which the | ||||||
5 | erroneous homestead exemptions were granted, except as set | ||||||
6 | forth in this Section. The county treasurer shall deposit | ||||||
7 | collected penalties and interest into a special fund | ||||||
8 | established by the county treasurer to offset the costs of | ||||||
9 | administration of the provisions of this Section by the chief | ||||||
10 | county assessment officer's office, as appropriated by the | ||||||
11 | county board. If the costs of administration of this Section | ||||||
12 | exceed the amount of interest and penalties collected in the | ||||||
13 | special fund, the chief county assessor shall be reimbursed by | ||||||
14 | each taxing district or their legal successors for those | ||||||
15 | costs. Such costs shall be paid out of the funds collected by | ||||||
16 | the county treasurer on behalf of each taxing district | ||||||
17 | pursuant to this Section. | ||||||
18 | (l) The chief county assessment officer in a county with | ||||||
19 | 3,000,000 or more inhabitants shall establish an amnesty | ||||||
20 | period for all taxpayers owing any tax due to an erroneous | ||||||
21 | homestead exemption granted in a tax year prior to the 2013 tax | ||||||
22 | year. The amnesty period shall begin on the effective date of | ||||||
23 | this amendatory Act of the 98th General Assembly and shall run | ||||||
24 | through December 31, 2013. If, during the amnesty period, the | ||||||
25 | taxpayer pays the entire arrearage of taxes due for tax years | ||||||
26 | prior to 2013, the county clerk shall abate and not seek to |
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1 | collect any interest or penalties that may be applicable and | ||||||
2 | shall not seek civil or criminal prosecution for any taxpayer | ||||||
3 | for tax years prior to 2013. Failure to pay all such taxes due | ||||||
4 | during the amnesty period established under this Section shall | ||||||
5 | invalidate the amnesty period for that taxpayer. | ||||||
6 | The chief county assessment officer in a county with | ||||||
7 | 3,000,000 or more inhabitants shall (i) mail notice of the | ||||||
8 | amnesty period with the tax bills for the second installment | ||||||
9 | of taxes for the 2012 assessment year and (ii) as soon as | ||||||
10 | possible after the effective date of this amendatory Act of | ||||||
11 | the 98th General Assembly, publish notice of the amnesty | ||||||
12 | period in a newspaper of general circulation in the county. | ||||||
13 | Notices shall include information on the amnesty period, its | ||||||
14 | purpose, and the method by which to make payment. | ||||||
15 | Taxpayers who are a party to any criminal investigation or | ||||||
16 | to any civil or criminal litigation that is pending in any | ||||||
17 | circuit court or appellate court, or in the Supreme Court of | ||||||
18 | this State, for nonpayment, delinquency, or fraud in relation | ||||||
19 | to any property tax imposed by any taxing district located in | ||||||
20 | the State on the effective date of this amendatory Act of the | ||||||
21 | 98th General Assembly may not take advantage of the amnesty | ||||||
22 | period. | ||||||
23 | A taxpayer who has claimed 3 or more homestead exemptions | ||||||
24 | in error shall not be eligible for the amnesty period | ||||||
25 | established under this subsection.
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26 | (m) Notwithstanding any other provision of law, for |
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1 | taxable years 2019 through 2023, in counties with 3,000,000 or | ||||||
2 | more inhabitants, the chief county assessment officer shall, | ||||||
3 | if he or she learns that a taxpayer who has been granted a | ||||||
4 | senior citizens homestead exemption has died during the period | ||||||
5 | to which the exemption applies, send a notice to the address on | ||||||
6 | record for the owner of record of the property notifying the | ||||||
7 | owner that the exemption will be terminated unless, within 90 | ||||||
8 | days after the notice is sent, the chief county assessment | ||||||
9 | officer is provided with a basis to continue the exemption. | ||||||
10 | The notice shall be sent by first-class mail, in an envelope | ||||||
11 | that bears on its front, in boldface red lettering that is at | ||||||
12 | least one inch in size, the words "Notice of Exemption | ||||||
13 | Termination"; however, if the taxpayer elects to receive the | ||||||
14 | notice by email and provides an email address, then the notice | ||||||
15 | shall be sent by email. | ||||||
16 | (Source: P.A. 101-453, eff. 8-23-19; 101-622, eff. 1-14-20; | ||||||
17 | 102-895, eff. 5-23-22.)
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18 | (35 ILCS 200/15-179 new) | ||||||
19 | Sec. 15-179. Residential new construction homestead | ||||||
20 | exemption. | ||||||
21 | (a) The county board of a qualified county may, by | ||||||
22 | ordinance, designate one or more geographic areas within the | ||||||
23 | county as eligible areas. Newly constructed homestead property | ||||||
24 | that is located in an eligible area is entitled to a | ||||||
25 | residential new construction homestead exemption equal to a |
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1 | reduction in the property's equalized assessed value, as | ||||||
2 | calculated under subsection (c). | ||||||
3 | (b) A geographic area may be designated as an eligible | ||||||
4 | area under this Section only if both of the following | ||||||
5 | conditions are met: | ||||||
6 | (1) as of the date on which the ordinance designating | ||||||
7 | the area as an eligible area is adopted: | ||||||
8 | (A) the area is considered a conservation area, a | ||||||
9 | blighted area, or a renewal area under federal, State, | ||||||
10 | or local law; | ||||||
11 | (B) the area encompasses a rehabilitation or | ||||||
12 | redevelopment plan or project adopted under the Urban | ||||||
13 | Renewal Consolidation Act of 1961; or | ||||||
14 | (C) the area is located in an enterprise zone | ||||||
15 | certified under the Illinois Enterprise Zone Act; and | ||||||
16 | (2) designation of the area as an eligible area will | ||||||
17 | materially assist development, redevelopment, or | ||||||
18 | rehabilitation of the area, and that development, | ||||||
19 | redevelopment, or rehabilitation will not go forward | ||||||
20 | without the incentive offered under this Section. | ||||||
21 | (c) The amount of the reduction in assessed value for | ||||||
22 | qualified newly constructed homestead property shall be 50% of | ||||||
23 | the assessed value of the property in the current taxable | ||||||
24 | year, as determined prior to the application of the exemption | ||||||
25 | under this Section or any other exemption under this Code. The | ||||||
26 | reduction under this Section shall continue for a period of 10 |
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1 | consecutive taxable years or until the property is sold, | ||||||
2 | transferred, or conveyed to a subsequent owner, whichever | ||||||
3 | occurs first. A sale, transfer, or conveyance to a subsequent | ||||||
4 | owner does not include (i) a sale, transfer, or conveyance to | ||||||
5 | an immediate family member of the original owner or to a | ||||||
6 | beneficiary in the administration of the original owner's | ||||||
7 | estate, (ii) a sale, transfer, or conveyance to an owner that | ||||||
8 | will continue to use the property as homestead property, or | ||||||
9 | (iii) a transfer or conveyance to a revocable trust where the | ||||||
10 | transferor is the grantor of the trust. | ||||||
11 | (d) Application for a homestead exemption under this | ||||||
12 | Section must be made during the application period in effect | ||||||
13 | for the county in which the residence is located. The assessor | ||||||
14 | or chief county assessment officer may determine the | ||||||
15 | eligibility of residential property to receive the homestead | ||||||
16 | exemption by application, visual inspection, questionnaire, or | ||||||
17 | other reasonable methods. | ||||||
18 | (e) As used in this Section: | ||||||
19 | "Current taxable year" means the assessment year for | ||||||
20 | which the exemption under this Section is sought. | ||||||
21 | "Newly constructed homestead property" means homestead | ||||||
22 | property, as defined in Section 15-175, containing a | ||||||
23 | single family residence that was originally constructed | ||||||
24 | and ready for occupancy not earlier than one year prior to | ||||||
25 | the first year for which the property receives an | ||||||
26 | exemption under this Section. |
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1 | "Qualified county" means a county with more than | ||||||
2 | 3,000,000 inhabitants and any other county that elects, by | ||||||
3 | ordinance, to be a qualified county for the purposes of | ||||||
4 | this Section.
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5 | Section 99. Effective date. This Act takes effect upon | ||||||
6 | becoming law.
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