Bill Text: IL HB3624 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, for real property that is improved with a permanent structure that is occupied as a residence by a person who (i) is senior citizen at any point during the taxable year, (ii) has occupied the property as his or her principal residence or domicile for at least 20 consecutive years, (iii) is liable for paying real property taxes on the property, and (iv) is an owner of record of the property or has a legal or equitable interest in the property, the total tax liability for the property shall not exceed 10% of the household income for members of the senior citizen's household. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3624 Detail]

Download: Illinois-2017-HB3624-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB3624 Introduced , by Rep. Grant Wehrli SYNOPSIS AS INTRODUCED:
35 ILCS 200/15-172.5 new
Amends the Property Tax Code. Provides that, for real property that is improved with a permanent structure that is occupied as a residence by a person who (i) is senior citizen at any point during the taxable year, (ii) has occupied the property as his or her principal residence or domicile for at least 20 consecutive years, (iii) is liable for paying real property taxes on the property, and (iv) is an owner of record of the property or has a legal or equitable interest in the property, the total tax liability for the property shall not exceed 10% of the household income for members of the senior citizen's household. Effective immediately.
LRB100 07049 HLH 21506 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 15-172.5 as follows:
(35 ILCS 200/15-172.5 new)
Sec. 15-172.5. Senior citizens property tax liability cap.
(a) Notwithstanding any other provision of law, beginning
with the 2017 taxable year, for real property that is improved
with a permanent structure that is occupied as a residence by
an applicant who (i) is senior citizen at any point during the
taxable year, (ii) has occupied the property as his or her
principal residence or domicile for at least 20 consecutive
years, (iii) is liable for paying real property taxes on the
property, and (iv) is an owner of record of the property or has
a legal or equitable interest in the property as evidenced by a
written instrument, including a leasehold interest in a parcel
of property improved with a permanent structure that is a
single family residence that is occupied as a residence by a
such a person, the total tax liability for the property shall
not exceed 10% of the household income for members of the
senior citizen's household. If the county clerk is required to
reduce the tax extension on any parcel of property by operation

HB3624 - 2 - LRB100 07049 HLH 21506 b
of this Section, the county clerk shall proportionally reduce
the extension for each taxing district.
(b) Application for the reduction under this Section shall
be made annually during the application period in effect for
the county of in which the property is located.
(c) As used in this Section:
"Household" means the applicant, the spouse of the
applicant, and all persons using the residence of the applicant
as their principal place of residence.
"Household income" means the combined income of the members
of a household for the calendar year preceding the taxable
year.
"Residence" means the principal dwelling place and
appurtenant structures used for residential purposes in this
State occupied on January 1 of the taxable year by a household
and so much of the surrounding land, constituting the parcel
upon which the dwelling place is situated, as is used for
residential purposes. If the Chief County Assessment Officer
has established a specific legal description for a portion of
property constituting the residence, then that portion of
property shall be deemed the residence for the purposes of this
Section.
"Senior citizen" means a person who is 65 years of age or
older during the taxable year.
Section 99. Effective date. This Act takes effect upon
becoming law.