Bill Text: IL HB4495 | 2021-2022 | 102nd General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. In provisions concerning a reduction in assessed value for affordable rental housing construction or rehabilitation, provides that, for the purpose of an initial application and only until the building is put in service, an owner may provide proof of either a deed restriction or participation in a government program that includes legally enforceable affordability requirements comparable to the requirements set forth in those provisions, and the chief county assessment officer shall furnish a letter of intent to the applicant. Makes changes to the definition of "assessed value for the residential real property in the base year". Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee [HB4495 Detail]

Download: Illinois-2021-HB4495-Introduced.html

---

102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB4495 Introduced , by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED:
35 ILCS 200/15-178
Amends the Property Tax Code. In provisions concerning a reduction in assessed value for affordable rental housing construction or rehabilitation, provides that, for the purpose of an initial application and only until the building is put in service, an owner may provide proof of either a deed restriction or participation in a government program that includes legally enforceable affordability requirements comparable to the requirements set forth in those provisions, and the chief county assessment officer shall furnish a letter of intent to the applicant. Makes changes to the definition of "assessed value for the residential real property in the base year". Effective immediately.
LRB102 24953 HLH 34208 b
A BILL FOR
HB4495 LRB102 24953 HLH 34208 b
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 changing
Section 15-178 as follows:
(35 ILCS 200/15-178)
Sec. 15-178. Reduction in assessed value for affordable
rental housing construction or rehabilitation.
(a) The General Assembly finds that there is a shortage of
high quality affordable rental homes for low-income and
very-low-income households throughout Illinois; that owners
and developers of rental housing face significant challenges
building newly constructed apartments or undertaking
rehabilitation of existing properties that results in rents
that are affordable for low-income and very-low-income
households; and that it will help Cook County and other parts
of Illinois address the extreme shortage of affordable rental
housing by developing a statewide policy to determine the
assessed value for newly constructed and rehabilitated
affordable rental housing that both encourages investment and
incentivizes property owners to keep rents affordable.
(b) Each chief county assessment officer shall implement
special assessment programs to reduce the assessed value of

HB4495 - 2 - LRB102 24953 HLH 34208 b
all eligible newly constructed residential real property or
qualifying rehabilitation to all eligible existing residential
real property in accordance with subsection (c) for 10 taxable
years after the newly constructed residential real property or
improvements to existing residential real property are put in
service. Any county with less than 3,000,000 inhabitants may
decide not to implement one or both of the special assessment
programs defined in subparagraph (1) of subsection (c) of this
Section and subparagraph (2) of subsection (c) of this Section
upon passage of an ordinance by a majority vote of the county
board. Subsequent to a vote to opt out of this special
assessment program, any county with less than 3,000,000
inhabitants may decide to implement one or both of the special
assessment programs defined in subparagraph (1) of subsection
(c) of this Section and subparagraph (2) of subsection (c) of
this Section upon passage of an ordinance by a majority vote of
the county board. Property is eligible for the special
assessment program if and only if all of the following factors
have been met:
(1) at the conclusion of the new construction or
qualifying rehabilitation, the property consists of a
newly constructed multifamily building containing 7 or
more rental dwelling units or an existing multifamily
building that has undergone qualifying rehabilitation
resulting in 7 or more rental dwelling units; and
(2) the property meets the application requirements

HB4495 - 3 - LRB102 24953 HLH 34208 b
defined in subsection (f).
(c) For those counties that are required to implement the
special assessment program and do not opt out of such special
assessment program, the chief county assessment officer for
that county shall require that residential real property is
eligible for the special assessment program if and only if one
of the additional factors have been met:
(1) except as defined in subparagraphs (E), (F), and
(G) of paragraph (1) of subsection (f) of this Section,
prior to the newly constructed residential real property
or improvements to existing residential real property
being put in service, the owner of the residential real
property commits that, for a period of 10 years, at least
15% of the multifamily building's units will have rents as
defined in this Section that are at or below maximum rents
and are occupied by households with household incomes at
or below maximum income limits; or
(2) except as defined in subparagraphs (E), (F), and
(G) of paragraph (1) of subsection (f) of this Section,
prior to the newly constructed residential real property
or improvements to existing residential real property
located in a low affordability community being put in
service, the owner of the residential real property
commits that, for a period of 30 years after the newly
constructed residential real property or improvements to
existing residential real property are put in service, at

HB4495 - 4 - LRB102 24953 HLH 34208 b
least 20% of the multifamily building's units will have
rents as defined in this Section that are at or below
maximum rents and are occupied by households with
household incomes at or below maximum income limits.
If a reduction in assessed value is granted under one
special assessment program provided for in this Section, then
that same residential real property is not eligible for an
additional special assessment program under this Section at
the same time.
(d) The amount of the reduction in assessed value for
residential real property meeting the conditions set forth in
subparagraph (1) of subsection (c) shall be calculated as
follows:
(1) if the owner of the residential real property
commits for a period of at least 10 years that at least 15%
but fewer than 35% of the multifamily building's units
have rents at or below maximum rents and are occupied by
households with household incomes at or below maximum
income limits, the assessed value of the property used to
calculate the tax bill shall be reduced by an amount equal
to 25% of the assessed value of the property as determined
by the assessor for the property in the current taxable
year for the newly constructed residential real property
or based on the improvements to an existing residential
real property; and
(2) if the owner of the residential real property

HB4495 - 5 - LRB102 24953 HLH 34208 b
commits for a period of at least 10 years that at least 35%
of the multifamily building's units have rents at or below
maximum rents and are occupied by households with
household incomes at or below maximum income limits, the
assessed value of the property used to calculate the tax
bill shall be reduced by an amount equal to 35% of the
assessed value of the property as determined by the
assessor for the property in the current assessment year
for the newly constructed residential real property or
based on the improvements to an existing residential real
property.
(e) The amount of the reduction for residential real
property meeting the conditions set forth in subparagraph (2)
of subsection (c) shall be calculated as follows:
(1) for the first, second, and third taxable year
after the residential real property is placed in service,
the residential real property is entitled to a reduction
in its assessed value in an amount equal to the difference
between the assessed value in the year for which the
incentive is sought and the assessed value for the
residential real property in the base year;
(2) for the fourth, fifth, and sixth taxable year
after the residential real property is placed in service,
the property is entitled to a reduction in its assessed
value in an amount equal to 80% of the difference between
the assessed value in the year for which the incentive is

HB4495 - 6 - LRB102 24953 HLH 34208 b
sought and the assessed value for the residential real
property in the base year;
(3) for the seventh, eighth, and ninth taxable year
after the property is placed in service, the residential
real property is entitled to a reduction in its assessed
value in an amount equal to 60% of the difference between
the assessed value in the year for which the incentive is
sought and the assessed value for the residential real
property in the base year;
(4) for the tenth, eleventh, and twelfth taxable year
after the residential real property is placed in service,
the residential real property is entitled to a reduction
in its assessed value in an amount equal to 40% of the
difference between the assessed value in the year for
which the incentive is sought and the assessed value for
the residential real property in the base year; and
(5) for the thirteenth through the thirtieth taxable
year after the residential real property is placed in
service, the residential real property is entitled to a
reduction in its assessed value in an amount equal to 20%
of the difference between the assessed value in the year
for which the incentive is sought and the assessed value
for the residential real property in the base year.
(f) Application requirements.
(1) In order to receive the reduced valuation under
this Section, the owner must submit an application

HB4495 - 7 - LRB102 24953 HLH 34208 b
containing the following information to the chief county
assessment officer for review in the form and by the date
required by the chief county assessment officer:
(A) the owner's name;
(B) the postal address and permanent index number
or numbers of the parcel or parcels for which the owner
is applying to receive reduced valuation under this
Section;
(C) a deed or other instrument conveying the
parcel or parcels to the current owner;
(D) written evidence that the new construction or
qualifying rehabilitation has been completed with
respect to the residential real property, including,
but not limited to, copies of building permits, a
notarized contractor's affidavit, and photographs of
the interior and exterior of the building after new
construction or rehabilitation is completed;
(E) written evidence that the residential real
property meets local building codes, or if there are
no local building codes, Housing Quality Standards, as
determined by the United States Department of Housing
and Urban Development;
(F) a list identifying the affordable units in
residential real property and a written statement that
the affordable units are comparable to the market rate
units in terms of unit type, number of bedrooms per

HB4495 - 8 - LRB102 24953 HLH 34208 b
unit, quality of exterior appearance, energy
efficiency, and overall quality of construction;
(G) a written schedule certifying the rents in
each affordable unit and a written statement that
these rents do not exceed the maximum rents allowable
for the area in which the residential real property is
located;
(H) documentation from the administering agency
verifying the owner's participation in a qualifying
income-based rental subsidy program as defined in
subsection (e) of this Section if units receiving
rental subsidies are to be counted among the
affordable units in order to meet the thresholds
defined in this Section;
(I) a written statement identifying the household
income for every household occupying an affordable
unit and certifying that the household income does not
exceed the maximum income limits allowable for the
area in which the residential real property is
located;
(J) a written statement that the owner has
verified and retained documentation of household
income for every household occupying an affordable
unit; and
(K) any additional information consistent with
this Section as reasonably required by the chief

HB4495 - 9 - LRB102 24953 HLH 34208 b
county assessment officer, including, but not limited
to, any information necessary to ensure compliance
with applicable local ordinances and to ensure the
owner is complying with the provisions of this
Section.
(L) For the purpose of an initial application and
only until the building is put in service, an owner may
provide proof of either a deed restriction or
participation in a government program that includes
legally enforceable affordability requirements
comparable to the requirements of any or all of
subparagraphs (F), (G), (H), (I), and (J) of this
paragraph (1), and the chief county assessment officer
shall furnish a letter of intent to the applicant
indicating that a preliminary assessment of the new
construction or qualifying rehabilitation indicates
that it will meet all eligibility requirements of this
Section.
(1.1) In order for a development to receive the
reduced valuation under subsection (e), the owner must
provide evidence to the county assessor's office of a
fully executed project labor agreement entered into with
the applicable local building trades council, prior to
commencement of any and all construction, building,
renovation, demolition, or any material change to the
structure or land.

HB4495 - 10 - LRB102 24953 HLH 34208 b
(2) The application requirements contained in
paragraph (1) of subsection (f) are continuing
requirements for the duration of the reduction in assessed
value received and may be annually or periodically
verified by the chief county assessment officer for the
county whereby the benefit is being issued.
(3) In lieu of submitting an application containing
the information prescribed in paragraph (1) of subsection
(f), the chief county assessment officer may allow for
submission of a substantially similar certification
granted by the Illinois Housing Development Authority or a
comparable local authority provided that the chief county
assessment officer independently verifies the veracity of
the certification with the Illinois Housing Development
Authority or comparable local authority.
(4) The chief county assessment officer shall notify
the owner as to whether or not the property meets the
requirements of this Section. If the property does not
meet the requirements of this Section, the chief county
assessment officer shall provide written notice of any
deficiencies to the owner, who shall then have 30 days
from the date of notification to provide supplemental
information showing compliance with this Section. The
chief county assessment officer shall, in its discretion,
grant additional time to cure any deficiency. If the owner
does not exercise this right to cure the deficiency, or if

HB4495 - 11 - LRB102 24953 HLH 34208 b
the information submitted, in the sole judgment of the
chief county assessment officer, is insufficient to meet
the requirements of this Section, the chief county
assessment officer shall provide a written explanation of
the reasons for denial.
(5) The chief county assessment officer may charge a
reasonable application fee to offset the administrative
expenses associated with the program.
(6) The reduced valuation conferred by this Section is
limited as follows:
(A) The owner is eligible to apply for the reduced
valuation conferred by this Section beginning in the
first assessment year after the effective date of this
amendatory Act of the 102nd General Assembly through
December 31, 2027. If approved, the reduction will be
effective for the current assessment year, which will
be reflected in the tax bill issued in the following
calendar year. Owners that are approved for the
reduced valuation under paragraph (1) of subsection
(c) of this Section before December 31, 2027 shall, at
minimum, be eligible for annual renewal of the reduced
valuation during an initial 10-year period if annual
certification requirements are met for each of the 10
years, as described in subparagraph (B) of paragraph
(4) of subsection (d) of this Section.
(B) Property receiving a reduction outlined in

HB4495 - 12 - LRB102 24953 HLH 34208 b
paragraph (1) of subsection (c) of this Section shall
continue to be eligible for an initial period of up to
10 years if annual certification requirements are met
for each of the 10 years, but shall be extended for up
to 2 additional 10-year periods with annual renewals
if the owner continues to meet the requirements of
this Section, including annual certifications, and
excluding the requirements regarding new construction
or qualifying rehabilitation defined in subparagraph
(D) of paragraph (1) of this subsection.
(C) The annual certification materials in the year
prior to final year of eligibility for the reduction
in assessed value must include a dated copy of the
written notice provided to tenants informing them of
the date of the termination if the owner is not seeking
a renewal.
(D) If the property is sold or transferred, the
purchaser or transferee must comply with all
requirements of this Section, excluding the
requirements regarding new construction or qualifying
rehabilitation defined in subparagraph (D) of
paragraph (1) of this subsection, in order to continue
receiving the reduction in assessed value. Purchasers
and transferees who comply with all requirements of
this Section excluding the requirements regarding new
construction or qualifying rehabilitation defined in

HB4495 - 13 - LRB102 24953 HLH 34208 b
subparagraph (D) of paragraph (1) of this subsection
are eligible to apply for renewal on the schedule set
by the initial application.
(E) The owner may apply for the reduced valuation
if the residential real property meets all
requirements of this Section and the newly constructed
residential real property or improvements to existing
residential real property were put in service on or
after January 1, 2015. However, the initial 10-year
eligibility period or 30-year eligibility period,
depending on the applicable program, shall be reduced
by the number of years between the placed in service
date and the date the owner first receives this
reduced valuation.
(F) The owner may apply for the reduced valuation
within 2 years after the newly constructed residential
real property or improvements to existing residential
real property are put in service. However, the initial
10-year eligibility period or 30-year eligibility
period, depending on the applicable program, shall be
reduced for the number of years between the placed in
service date and the date the owner first receives
this reduced valuation.
(G) Owners of a multifamily building receiving a
reduced valuation through the Cook County Class 9
program during the year in which this amendatory Act

HB4495 - 14 - LRB102 24953 HLH 34208 b
of the 102nd General Assembly takes effect shall be
deemed automatically eligible for the reduced
valuation defined in paragraph (1) of subsection (c)
of this Section in terms of meeting the criteria for
new construction or substantial rehabilitation for a
specific multifamily building regardless of when the
newly constructed residential real property or
improvements to existing residential real property
were put in service. If a Cook County Class 9 owner had
Class 9 status revoked on or after January 1, 2017 but
can provide documents sufficient to prove that the
revocation was in error or any deficiencies leading to
the revocation have been cured, the chief county
assessment officer may deem the owner to be eligible.
However, owners may not receive both the reduced
valuation under this Section and the reduced valuation
under the Cook County Class 9 program in any single
assessment year. In addition, the number of years
during which an owner has participated in the Class 9
program shall count against the 3 10-year periods of
eligibility for the reduced valuation as defined in
subparagraph (1) of subsection (c) of this Section.
(H) At the completion of the assessment reduction
period described in this Section: the entire parcel
will be assessed as otherwise provided by law.
(g) (e) As used in this Section:

HB4495 - 15 - LRB102 24953 HLH 34208 b
"Affordable units" means units that have rents that do not
exceed the maximum rents as defined in this Section.
"Assessed value for the residential real property in the
base year" means the assessed value used to calculate the tax
bill, as certified by the board of review, for the tax year
immediately prior to the tax year in which the building permit
is issued. For property assessed as other than residential
property, the "assessed value for the residential real
property in the base year" means the assessed value that would
have been obtained had the property been classified as
residential as derived from the board of review's certified
market value the value in effect at the end of the taxable year
prior to the latter of: (1) the date of initial application; or
(2) the date on which 20% of the total number of units in the
property are occupied by eligible tenants paying eligible rent
under this Section.
"Household income" includes the annual income for all the
people who occupy a housing unit that is anticipated to be
received from a source outside of the family during the
12-month period following admission or the annual
recertification, including related family members and all the
unrelated people who share the housing unit. Household income
includes the total of the following income sources: wages,
salaries and tips before any payroll deductions; net business
income; interest and dividends; payments in lieu of earnings,
such as unemployment and disability compensation, worker's

HB4495 - 16 - LRB102 24953 HLH 34208 b
compensation and severance pay; Social Security income,
including lump sum payments; payments from insurance policies,
annuities, pensions, disability benefits and other types of
periodic payments, alimony, child support, and other regular
monetary contributions; and public assistance, except for
assistance from the Supplemental Nutrition Assistance Program
(SNAP). "Household income" does not include: earnings of
children under age 18; temporary income such as cash gifts;
reimbursement for medical expenses; lump sums from
inheritance, insurance payments, settlements for personal or
property losses; student financial assistance paid directly to
the student or to an educational institution; foster child
care payments; receipts from government-funded training
programs; assistance from the Supplemental Nutrition
Assistance Program (SNAP).
"Low affordability community" means (1) a municipality or
jurisdiction with less than 1,000,000 inhabitants in which 40%
or less of its total year-round housing units are affordable,
as determined by the Illinois Housing Development Authority
during the exemption determination process under the
Affordable Housing Planning and Appeal Act; (2) "D" zoning
districts as now or hereafter designated in the Chicago Zoning
Ordinance; or (3) a jurisdiction located in a municipality
with 1,000,000 or more inhabitants that has been designated as
a low affordability community by passage of a local ordinance
by that municipality, specifying the census tract or property

HB4495 - 17 - LRB102 24953 HLH 34208 b
by permanent index number or numbers.
"Maximum income limits" means the maximum regular income
limits for 60% of area median income for the geographic area in
which the multifamily building is located for multifamily
programs as determined by the United States Department of
Housing and Urban Development and published annually by the
Illinois Housing Development Authority.
"Maximum rent" means the maximum regular rent for 60% of
the area median income for the geographic area in which the
multifamily building is located for multifamily programs as
determined by the United States Department of Housing and
Urban Development and published annually by the Illinois
Housing Development Authority. To be eligible for the reduced
valuation defined in this Section, maximum rents are to be
consistent with the Illinois Housing Development Authority's
rules; or if the owner is leasing an affordable unit to a
household with an income at or below the maximum income limit
who is participating in qualifying income-based rental subsidy
program, "maximum rent" means the maximum rents allowable
under the guidelines of the qualifying income-based rental
subsidy program.
"Qualifying income-based rental subsidy program" means a
Housing Choice Voucher issued by a housing authority under
Section 8 of the United States Housing Act of 1937, a tenant
voucher converted to a project-based voucher by a housing
authority or any other program administered or funded by a

HB4495 - 18 - LRB102 24953 HLH 34208 b
housing authority, the Illinois Housing Development Authority,
another State agency, a federal agency, or a unit of local
government where participation is limited to households with
incomes at or below the maximum income limits as defined in
this Section and the tenants' portion of the rent payment is
based on a percentage of their income or a flat amount that
does not exceed the maximum rent as defined in this Section.
"Qualifying rehabilitation" means, at a minimum,
compliance with local building codes and the replacement or
renovation of at least 2 primary building systems to be
approved for the reduced valuation under paragraph (1) of
subsection (d) of this Section and at least 5 primary building
systems to be approved for the reduced valuation under
subsection (e) of this Section. Although the cost of each
primary building system may vary, to be approved for the
reduced valuation under paragraph (1) of subsection (d) of
this Section, the combined expenditure for making the building
compliant with local codes and replacing primary building
systems must be at least $8 per square foot for work completed
between January 1 of the year in which this amendatory Act of
the 102nd General Assembly takes effect and December 31 of the
year in which this amendatory Act of the 102nd General
Assembly takes effect and, in subsequent years, $8 adjusted by
the Consumer Price Index for All Urban Consumers, as published
annually by the U.S. Department of Labor. To be approved for
the reduced valuation under paragraph (2) of subsection (d) of

HB4495 - 19 - LRB102 24953 HLH 34208 b
this Section, the combined expenditure for making the building
compliant with local codes and replacing primary building
systems must be at least $12.50 per square foot for work
completed between January 1 of the year in which this
amendatory Act of the 102nd General Assembly takes effect and
December 31 of the year in which this amendatory Act of the
102nd General Assembly takes effect, and in subsequent years,
$12.50 adjusted by the Consumer Price Index for All Urban
Consumers, as published annually by the U.S. Department of
Labor. To be approved for the reduced valuation under
subsection (e) of this Section, the combined expenditure for
making the building compliant with local codes and replacing
primary building systems must be at least $60 per square foot
for work completed between January 1 of the year that this
amendatory Act of the 102nd General Assembly becomes effective
and December 31 of the year that this amendatory Act of the
102nd General Assembly becomes effective and, in subsequent
years, $60 adjusted by the Consumer Price Index for All Urban
Consumers, as published annually by the U.S. Department of
Labor. "Primary building systems", together with their related
rehabilitations, specifically approved for this program are:
(1) Electrical. All electrical work must comply with
applicable codes; it may consist of a combination of any
of the following alternatives:
(A) installing individual equipment and appliance
branch circuits as required by code (the minimum being

HB4495 - 20 - LRB102 24953 HLH 34208 b
a kitchen appliance branch circuit);
(B) installing a new emergency service, including
emergency lighting with all associated conduits and
wiring;
(C) rewiring all existing feeder conduits ("home
runs") from the main switchgear to apartment area
distribution panels;
(D) installing new in-wall conduits for
receptacles, switches, appliances, equipment, and
fixtures;
(E) replacing power wiring for receptacles,
switches, appliances, equipment, and fixtures;
(F) installing new light fixtures throughout the
building including closets and central areas;
(G) replacing, adding, or doing work as necessary
to bring all receptacles, switches, and other
electrical devices into code compliance;
(H) installing a new main service, including
conduit, cables into the building, and main disconnect
switch; and
(I) installing new distribution panels, including
all panel wiring, terminals, circuit breakers, and all
other panel devices.
(2) Heating. All heating work must comply with
applicable codes; it may consist of a combination of any
of the following alternatives:

HB4495 - 21 - LRB102 24953 HLH 34208 b
(A) installing a new system to replace one of the
following heat distribution systems:
(i) piping and heat radiating units, including
new main line venting and radiator venting; or
(ii) duct work, diffusers, and cold air
returns; or
(iii) any other type of existing heat
distribution and radiation/diffusion components;
or
(B) installing a new system to replace one of the
following heat generating units:
(i) hot water/steam boiler;
(ii) gas furnace; or
(iii) any other type of existing heat
generating unit.
(3) Plumbing. All plumbing work must comply with
applicable codes. Replace all or a part of the in-wall
supply and waste plumbing; however, main supply risers,
waste stacks and vents, and code-conforming waste lines
need not be replaced.
(4) Roofing. All roofing work must comply with
applicable codes; it may consist of either of the
following alternatives, separately or in combination:
(A) replacing all rotted roof decks and
insulation; or
(B) replacing or repairing leaking roof membranes

HB4495 - 22 - LRB102 24953 HLH 34208 b
(10% is the suggested minimum replacement of
membrane); restoration of the entire roof is an
acceptable substitute for membrane replacement.
(5) Exterior doors and windows. Replace the exterior
doors and windows. Renovation of ornate entry doors is an
acceptable substitute for replacement.
(6) Floors, walls, and ceilings. Finishes must be
replaced or covered over with new material. Acceptable
replacement or covering materials are as follows:
(A) floors must have new carpeting, vinyl tile,
ceramic, refurbished wood finish, or a similar
substitute;
(B) walls must have new drywall, including joint
taping and painting; or
(C) new ceilings must be either drywall, suspended
type, or a similar material.
(7) Exterior walls.
(A) replace loose or crumbling mortar and masonry
with new material;
(B) replace or paint wall siding and trim as
needed;
(C) bring porches and balconies to a sound
condition; or
(D) any combination of (A), (B), and (C).
(8) Elevators. Where applicable, at least 4 of the
following 7 alternatives must be accomplished:

HB4495 - 23 - LRB102 24953 HLH 34208 b
(A) replace or rebuild the machine room controls
and refurbish the elevator machine (or equivalent
mechanisms in the case of hydraulic elevators);
(B) replace hoistway electro-mechanical items
including: ropes, switches, limits, buffers, levelers,
and deflector sheaves (or equivalent mechanisms in the
case of hydraulic elevators);
(C) replace hoistway wiring;
(D) replace door operators and linkage;
(E) replace door panels at each opening;
(F) replace hall stations, car stations, and
signal fixtures; or
(G) rebuild the car shell and refinish the
interior.
(9) Health and safety.
(A) Install or replace fire suppression systems;
(B) install or replace security systems; or
(C) environmental remediation of lead-based paint,
asbestos, leaking underground storage tanks, or radon.
(10) Energy conservation improvements undertaken to
limit the amount of solar energy absorbed by a building's
roof or to reduce energy use for the property, including,
but not limited to, any of the following activities:
(A) installing or replacing reflective roof
coatings (flat roofs);
(B) installing or replacing R-49 roof insulation;

HB4495 - 24 - LRB102 24953 HLH 34208 b
(C) installing or replacing R-19 perimeter wall
insulation;
(D) installing or replacing insulated entry doors;
(E) installing or replacing Low E, insulated
windows;
(F) installing or replacing WaterSense labeled
plumbing fixtures;
(G) installing or replacing 90% or better sealed
combustion heating systems;
(H) installing Energy Star hot water heaters;
(I) installing or replacing mechanical ventilation
to exterior for kitchens and baths;
(J) installing or replacing Energy Star
appliances;
(K) installing or replacing Energy Star certified
lighting in common areas; or
(L) installing or replacing grading and
landscaping to promote on-site water retention if the
retained water is used to replace water that is
provided from a municipal source.
(11) Accessibility improvements. All accessibility
improvements must comply with applicable codes. An owner
may make accessibility improvements to residential real
property to increase access for people with disabilities.
As used in this paragraph (11), "disability" has the
meaning given to that term in the Illinois Human Rights

HB4495 - 25 - LRB102 24953 HLH 34208 b
Act. As used in this paragraph (11), "accessibility
improvements" means a home modification listed under the
Home Services Program administered by the Department of
Human Services (Part 686 of Title 89 of the Illinois
Administrative Code) including, but not limited to:
installation of ramps, grab bars, or wheelchair lifts;
widening doorways or hallways; re-configuring rooms and
closets; and any other changes to enhance the independence
of people with disabilities.
(12) Any applicant who has purchased the property in
an arm's length transaction not more than 90 days before
applying for this reduced valuation may use the cost of
rehabilitation or repairs required by documented code
violations, up to a maximum of $2 per square foot, to meet
the qualifying rehabilitation requirements.
(Source: P.A. 102-175, eff. 7-29-21.)
Section 99. Effective date. This Act takes effect upon
becoming law.