Bill Text: IL SB3139 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Longtime Owner-Occupant Property Tax Relief Act. Removes a reference to population in the Act's public policy provisions. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-04-22 - Rule 3-9(a) / Re-referred to Assignments [SB3139 Detail]

Download: Illinois-2015-SB3139-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB3139 Introduced 2/19/2016, by Sen. Wm. Sam McCann SYNOPSIS AS INTRODUCED:
35 ILCS 250/5
Amends the Longtime Owner-Occupant Property Tax Relief Act. Removes a reference to population in the Act's public policy provisions. Effective immediately.
LRB099 19941 HLH 44340 b
A BILL FOR
SB3139 LRB099 19941 HLH 44340 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Longtime Owner-Occupant Property Tax Relief
Act is amended by changing Section 5 as follows:
(35 ILCS 250/5)
Sec. 5. Public policy. In recognition of the severe
economic circumstances of certain longtime owner-occupants of
residences who are faced with rising living costs and
constantly increasing tax burdens in areas where real property
values have risen markedly as a consequence of the renovation
of other deteriorating residences or the construction of new
residences, the General Assembly considers it to be a matter of
sound public policy for counties having a population of 100,000
or more to adopt uniform special real property tax relief
provisions in order to allow longtime owner-occupants of
residences to remain in peaceful possession of their homes.
(Source: P.A. 88-451.)
Section 99. Effective date. This Act takes effect upon
becoming law.