State of Illinois
92nd General Assembly
Legislation

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[ House Amendment 001 ]


92_SB0015sam001











                                             LRB9201222JSpcam

 1                     AMENDMENT TO SENATE BILL 15

 2        AMENDMENT NO.     .  Amend Senate Bill  15  by  replacing
 3    the title with the following:
 4        "AN ACT concerning taxation."; and

 5    by  replacing  everything  after the enacting clause with the
 6    following:

 7        "Section 5.  The Property Tax Code is amended  by  adding
 8    Section 10-355 as follows:

 9        (35 ILCS 200/10-355 new)
10        Sec. 10-355.  Fraternal organization assessment freeze.
11        (a)  For  the  taxable  year  2002  and  thereafter,  the
12    assessed value of real property owned and used by a fraternal
13    organization  that  on  December  31,  1926  had its national
14    headquarters in Illinois, or its subordinate organization  or
15    entity,  that  is an exempt entity under Section 501(c)(8) of
16    the Internal Revenue Code and whose members provide, directly
17    or indirectly, financial support for charitable works,  which
18    may  include medical care, drug rehabilitation, or education,
19    shall be established by the chief county  assessment  officer
20    as follows:
21             (1)  if  the  property  meets the qualifications set
 
                            -2-              LRB9201222JSpcam
 1        forth in this Section on January 1, 2002 and on January 1
 2        of each subsequent assessment year, for  assessment  year
 3        2002  and  each  subsequent  assessment  year,  the final
 4        assessed value of the property shall be 15% of the  final
 5        assessed  value  of  the property for the assessment year
 6        2001; or
 7             (2)  if the property first meets the  qualifications
 8        set  forth in this Section on January 1 of any assessment
 9        year after assessment year 2002 and on January 1 of  each
10        subsequent  assessment  year,  for  that first assessment
11        year and  each  subsequent  assessment  year,  the  final
12        assessed  value  shall be 15% of the final assessed value
13        of the property for the  assessment  year  in  which  the
14        property first meets the qualifications set forth in this
15        Section.
16        If,  in  any  year, additions or improvements are made to
17    property subject to assessment under  this  Section  and  the
18    additions  or  improvements would increase the assessed value
19    of the property, then 15% of the final assessed value of  the
20    additions  or  improvements  shall  be  added  to  the  final
21    assessed  value  of  the  property  for the year in which the
22    additions  or  improvements  are  completed   and   for   all
23    subsequent years that the property is eligible for assessment
24    under this Section.
25        (b)  For purposes of this Section, "final assessed value"
26    means the assessed value after final board of review action.
27        (c)  Fraternal  organizations  whose property is assessed
28    under this Section must annually submit an application to the
29    chief county assessment officer on or before (i)  January  31
30    of  the  assessment  year  in  counties  with a population of
31    3,000,000 or more and (ii) December 31 of the assessment year
32    in all other counties.  The initial application must  contain
33    the  information required by the Department of Revenue, which
34    shall prepare the form, including:
 
                            -3-              LRB9201222JSpcam
 1             (1)  a copy of the organization's charter  from  the
 2        State of Illinois, if applicable;
 3             (2)  the   location  or  legal  description  of  the
 4        property on which is located the principal  building  for
 5        the organization, including the PIN number, if available;
 6             (3)  a   written   instrument  evidencing  that  the
 7        organization is the  record  owner  or  has  a  legal  or
 8        equitable interest in the property;
 9             (4)  an  affidavit  that  the organization is liable
10        for paying the real property taxes on the property; and
11             (5)  the  signature  of  the  organization's   chief
12        presiding officer.
13        Subsequent  applications shall include any changes in the
14    initial application and shall affirm the ownership, use,  and
15    liability  for  taxes  for the year in which it is submitted.
16    All applications shall be notarized.
17        (d)  This Section does not apply to parcels  exempt  from
18    property taxes under this Code.

19        Section  10.  The State Mandates Act is amended by adding
20    Section 8.25 as follows:

21        (30 ILCS 805/8.25 new)
22        Sec. 8.25.  Exempt mandate.  Notwithstanding  Sections  6
23    and  8 of this Act, no reimbursement by the State is required
24    for  the  implementation  of  any  mandate  created  by  this
25    amendatory Act of the 92nd General Assembly.

26        Section 99.  Effective Date.  This Act  takes  effect  on
27    January 1, 2002.".

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