100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5550
 
Introduced , by Rep. Jaime M. Andrade, Jr.
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 200/15-178 new

     Amends the Property Tax Code. Creates a homestead exemption for property if the owner: (i) replaces a lead-containing service line on the property with a service line that does not contain lead; and (ii) connects that line to a water main that does not contain lead or is replaced with a water main that does not contain lead at the same time as the improvements to the service line are made. Provides that the amount of the exemption is equal to the cost of replacing the lead-containing service lines on the property. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB5550LRB100 20170 HLH 35455 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 adding 
5Section 15-178 as follows:
 
6    (35 ILCS 200/15-178 new)
7    Sec. 15-178. Lead service line replacement exemption.  
8Beginning in taxable year 2019,  a lead service line replacement 
9exemption, to be taken as a reduction in the equalized assessed 
10value of the property, is granted for homestead property with 
11an equalized assessed value of less than $250,000 prior to 
12application of the exemption under this Section. To be eligible 
13for the exemption under this Section, the property owner must, 
14during the taxable year: (i) replace a lead-containing service 
15line on the property with a service line that does not contain 
16lead; and (ii) connect that line to a water main that does not 
17contain lead or is replaced with a water main that does not 
18contain lead at the same time as the improvements to the 
19service line are made.
20    The amount of the exemption under this Section shall be 
21equal to the cost of replacing the lead-containing service 
22lines on the property. Application for the exemption under this 
23Section must be made during the application period in effect 
 
 
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1for the county in which the property is located. The assessor 
2or chief county assessment officer may determine the 
3eligibility of the property to receive the homestead exemption 
4provided by this Section by application, visual inspection, 
5questionnaire, or other reasonable methods. The determination 
6must be made in accordance with guidelines established by the 
7Department. 
8    As used in this Section, "homestead property" has the 
9meaning given to that term in Section 15-175. 
 
 
10    Section 99. Effective date. This Act takes effect upon 
11becoming law.