Rep. Daniel Didech
Filed: 5/28/2019
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 39 




2    AMENDMENT NO. ______. Amend Senate Bill 39 by replacing 
3everything after the enacting clause with the following:




 
4    "Section 5. The State Finance Act is amended by adding 
5Sections 5.891 and 6z-107 as follows:
 
6    (30 ILCS 105/5.891 new)
7    Sec. 5.891. The Illinois Property Tax Relief Fund.
 
8    (30 ILCS 105/6z-107 new)
9    Sec. 6z-107. Illinois Property Tax Relief Fund; creation.
10    (a) Beginning in State fiscal year 2021, the Illinois 
11Property Tax Relief Fund is hereby created as a special fund in 
12the State treasury. Moneys in the Fund shall be used by the 
13State Comptroller to pay rebates to residential property 
14taxpayers in the State as provided in this Section. The Fund 
15may accept moneys from any lawful source. 
 
 
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1    (b) Beginning in State fiscal year 2021, within 30 days 
2after the last day of the application period for general 
3homestead exemptions in the county, each chief county 
4assessment officer shall certify to the State Comptroller the 
5total number of general homestead exemptions granted for 
6homestead property in that county for the applicable property 
7tax year. As soon as possible after  receiving certifications 
8from each county under this subsection, the State Comptroller 
9shall calculate a property tax rebate amount for the applicable 
10property tax year by dividing the total amount appropriated 
11from the Illinois Property Tax Relief Fund for the purpose of 
12making rebates under this Section by the total number of 
13homestead exemptions granted for homestead property in the 
14State. The county treasurer shall reduce each property tax bill 
15for homestead property by the property tax rebate amount and 
16shall include a separate line item on each property tax bill 
17stating the property tax rebate amount from the Illinois 
18Property Tax Relief Fund. Within 60 days after calculating the 
19property tax rebate amount, the State Comptroller shall make 
20distributions from the Illinois Property Tax Relief Fund to 
21each county. The amount allocated to each county shall be the 
22property tax rebate amount multiplied by the number of general 
23homestead exemptions granted in the county for the applicable 
24property tax year. The county treasurer shall distribute each 
25taxing district's share of property tax collections and 
26distributions from the  Illinois Property Tax Relief Fund to 
 
 
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1those taxing districts as provided by law. 
2    (c) As used in this Section:
3    "Applicable property tax year" means the tax year for which 
4a rebate was applied to property tax bills under this Section. 
5    "General homestead exemption" means a general homestead 
6exemption that was granted for the property under Section 
715-175 of the Property Tax Code. 
8    "Homestead property" means property that meets both of the 
9following criteria: (1) a general homestead exemption was 
10granted for the property; and (2) the property tax liability 
11for the property is current as of the date of the 
12certification. 
 
13    Section 99. Effective date. This Act takes effect upon 
14becoming law.".