Bill Text: IL HB3280 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Provides for a $10,000 reduction in the equalized assessed value of property located (i) within the 65 DNL Build-out Contour for O'Hare International Airport or (ii) within an alternative 65 CNEL Build-out Contour for O'Hare International Airport. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3280 Detail]
Download: Illinois-2019-HB3280-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 adding | ||||||||||||||||||||||||
| 5 | Section 15-183 as follows:
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| 6 | (35 ILCS 200/15-183 new) | ||||||||||||||||||||||||
| 7 | Sec. 15-183. Aircraft noise mitigation homestead | ||||||||||||||||||||||||
| 8 | reduction. | ||||||||||||||||||||||||
| 9 | (a) Beginning in taxable year 2019, homestead property that | ||||||||||||||||||||||||
| 10 | that is located at an eligible address is entitled to a | ||||||||||||||||||||||||
| 11 | reduction in the property's equalized assessed value in the | ||||||||||||||||||||||||
| 12 | amount of $10,000 per year. It is the intent of the General | ||||||||||||||||||||||||
| 13 | Assembly that homeowners who have been affected by aircraft | ||||||||||||||||||||||||
| 14 | noise should receive compensation for the cost of soundproofing | ||||||||||||||||||||||||
| 15 | their property. | ||||||||||||||||||||||||
| 16 | (b) To receive the exemption, a person must submit an | ||||||||||||||||||||||||
| 17 | annual application to the chief county assessment officer | ||||||||||||||||||||||||
| 18 | during the period specified by the chief county assessment | ||||||||||||||||||||||||
| 19 | officer. The chief county assessment officer may determine the | ||||||||||||||||||||||||
| 20 | eligibility of residential property to receive the homestead | ||||||||||||||||||||||||
| 21 | exemption and the amount of the exemption by application, | ||||||||||||||||||||||||
| 22 | visual inspection, questionnaire or other reasonable methods. | ||||||||||||||||||||||||
| 23 | (c) For the purposes of this Section: | ||||||||||||||||||||||||
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| 1 | "Eligible address" means any address located (i) | ||||||
| 2 | within the 65 DNL Build-out Contour for O'Hare | ||||||
| 3 | International Airport, as defined by rules adopted by the | ||||||
| 4 | Federal Aviation Administration or (ii) within an | ||||||
| 5 | alternative 65 CNEL Build-out Contour for O'Hare | ||||||
| 6 | International Airport, with CNEL units as defined in | ||||||
| 7 | subsection (a-3) of Section 5 of the Permanent Noise | ||||||
| 8 | Monitoring Act. | ||||||
| 9 | "Homestead property" has the meaning given to that term | ||||||
| 10 | in Section 15-175.
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| 11 | Section 99. Effective date. This Act takes effect upon | ||||||
| 12 | becoming law.
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