101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3453
 
Introduced 2/14/2020, by Sen. Chuck Weaver
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 200/Art. 31.1 heading new
35 ILCS 200/31.1-1 new
35 ILCS 200/31.1-5 new
35 ILCS 200/31.1-10 new

     Amends the Property Tax Code. Creates the Site Value Tax  Law within the Property Tax Code. Provides that each taxing district may, by ordinance, levy a site value tax upon the assessed value of land within the taxing district. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately.
  


LRB101 18145 HLH 67585 b

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

  
SB3453LRB101 18145 HLH 67585 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 
5Article 31.1 as follows:
 
6    (35 ILCS 200/Art. 31.1 heading new)
7
Article 31.1.  Site Value Tax Law

 
8    (35 ILCS 200/31.1-1 new)
9    Sec. 31.1-1. Short title.  This Article may be cited as the 
10Site Value Tax  Law.
 
11    (35 ILCS 200/31.1-5 new)
12    Sec. 31.1-5. Site value tax authorized.  In addition to any 
13other tax authorized under this Code, each taxing district may, 
14by ordinance, levy a site value tax upon the assessed value of 
15land within the taxing district. Taxes under this Article shall 
16be levied uniformly by valuation within the taxing district.
17    As used in this Section, "assessed value" means 33 1/3% of 
18the fair cash value of the land, without regard to buildings, 
19structures, improvements, or other permanent fixtures on the 
20land, except for the value of oil, gas, coal, and other 
21minerals in the land and the right to remove such oil, gas, 
 
 
SB3453- 2 -LRB101 18145 HLH 67585 b

1coal, and other minerals from the land. 
 
2    (35 ILCS 200/31.1-10 new)
3    Sec. 31.1-10. Collection of site value tax; enforcement.  
4The tax under this Article shall be collected in accordance 
5with the procedures established for the collection of property 
6taxes under Article 20 of this Code. For the purpose of 
7collecting the tax under this Article, taxpayers shall be 
8subject to the due dates and enforcement actions, and shall 
9have the rights, remedies, and privileges, set forth in 
10Articles 21, 22, and 23 of this Code with respect to the taxes 
11under this Article.
 
 
12    Section 99. Effective date. This Act takes effect upon 
13becoming law.