Bill Text: IL SB2092 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a State Property Tax Relief Reimbursement Pilot Program for the purpose of reimbursing taxing districts for property tax revenue loss associated with State facilities. Sets forth the amount of the reimbursement. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2025-01-07 - Session Sine Die [SB2092 Detail]

Download: Illinois-2023-SB2092-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2092 Introduced 2/9/2023, by Sen. Doris Turner SYNOPSIS AS INTRODUCED:
20 ILCS 2505/2505-810 new
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a State Property Tax Relief Reimbursement Pilot Program for the purpose of reimbursing taxing districts for property tax revenue loss associated with State facilities. Sets forth the amount of the reimbursement. Effective immediately.
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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 Department of Revenue Law of the Civil
Administrative Code of Illinois is amended by adding Section
2505-810 as follows:
(20 ILCS 2505/2505-810 new)
Sec. 2505-810. State Property Tax Relief Reimbursement
Pilot Program.
(a) For State fiscal years that begin on or after July 1,
2023 and before July 1, 2028, the Department shall establish
and administer a State Property Tax Relief Reimbursement Pilot
Program. For purposes of the Program, the Department shall
reimburse taxing districts, in an amount calculated under
subsection (c), for revenue loss associated with Section 15-55
of the Property Tax Code. Reimbursement payments shall be made
to the county that applies to the Department of Revenue on
behalf of the taxing district under subsection (b) and shall
be distributed by the county to the taxing district as
directed by the Department of Revenue.
(b) If the county clerk determines that one or more taxing
districts located in whole or in part in the county qualify for
reimbursement under this Section, then the county clerk shall

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apply to the Department of Revenue on behalf of the taxing
district for reimbursement under this Section in the form and
manner required by the Department. The county clerk shall
consolidate applications submitted on behalf of more than one
taxing district into a single application. The Department of
Revenue may audit the information submitted by the county
clerk as part of the application under this Section for the
purpose of verifying the accuracy of that information.
(c) The amount of the reimbursement shall be the
difference between (1) the amount of property tax revenue that
would have been required to be collected and distributed to
the taxing district for the taxable year that falls 2 years
before the start of the State fiscal year if the exemptions
under Section 15-55 of the Property Tax Code had not been
applied and (2) the amount of property tax revenue that was
required to be collected and distributed to the taxing
district for that taxable year.
The aggregate amount of reimbursements that may be awarded
under this Section for all taxing districts in any calendar
year may not exceed $15,000,000. If the total amount of
eligible reimbursements under this Section exceeds $15,000,000
in any calendar year, then the reimbursement amount awarded to
each particular taxing district shall be reduced on a pro rata
basis until the aggregate amount of reimbursements awarded
under this Section for the calendar year does not exceed
$15,000,000.

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(d) The Department of Revenue may adopt rules necessary
for the implementation of this Section.
(e) As used in this Section:
"Taxable year" means the calendar year during which
property taxes payable in the next succeeding year are levied.
"Taxing district" has the meaning given to that term in
Section 1-150 of the Property Tax Code.
Section 99. Effective date. This Act takes effect upon
becoming law.