Bill Text: IL HB4069 | 2019-2020 | 101st General Assembly | Introduced


Bill Title: Amends the Property Tax Code. Makes changes concerning the alternate valuation applied to property containing a solar energy system. Provides that, beginning in assessment year 2020, the alternate valuation shall be the lesser of the value of the property without the solar energy system or the value of the property with the solar energy system. Provides that the owner of the property is not required to file an application for this alternate valuation.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4069 Detail]

Download: Illinois-2019-HB4069-Introduced.html


101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4069

Introduced , by Rep. Daniel Didech

SYNOPSIS AS INTRODUCED:
35 ILCS 200/10-10

Amends the Property Tax Code. Makes changes concerning the alternate valuation applied to property containing a solar energy system. Provides that, beginning in assessment year 2020, the alternate valuation shall be the lesser of the value of the property without the solar energy system or the value of the property with the solar energy system. Provides that the owner of the property is not required to file an application for this alternate valuation.
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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB4069LRB101 12821 HLH 61656 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Property Tax Code is amended by changing
5Section 10-10 as follows:
6 (35 ILCS 200/10-10)
7 Sec. 10-10. Valuation of solar energy systems.
8 (a) Until assessment year 2020, when When a solar energy
9system has been installed in improvements on any property, the
10owner of that property is entitled to claim, by filing with the
11chief county assessment officer, an alternate valuation of
12those improvements. When a claim for alternate valuation is
13filed, the chief county assessment officer shall ascertain the
14value of the improvements as if equipped with a conventional
15heating or cooling system and the value of the improvements as
16equipped with the solar energy system. So long as the solar
17energy system is used in total or part as the means of
18utilizing solar energy improvements, the alternate valuation
19computed as the lesser of the two values ascertained under this
20paragraph shall be applied. When the solar energy system so
21valued ceases to be used as the means of heating or cooling
22those improvements, the owner of that property shall within 30
23days notify the chief county assessment officer in writing by

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1certified mail.
2 (b) Beginning in assessment year 2020, when a solar energy
3system has been installed on any property, the chief county
4assessment officer shall ascertain the value of the property
5without the solar energy system and the value of the property
6with the solar energy system. The alternate valuation computed
7as the lesser of those 2 values shall be applied to the
8property. Beginning in assessment year 2020, the owner of the
9property is not required to file an application for this
10alternate valuation.
11(Source: P.A. 80-430; 88-455.)
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