102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3516
 
Introduced 2/22/2021, by Rep. Keith R. Wheeler
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 200/15-178 new

     Amends the Property Tax Code. Creates a landlord pandemic relief exemption. Provides that property is entitled to the exemption if: (1) the property is an income-producing property owned by a qualified property owner; (2) the property was subject to Executive Order 2020-10 and each subsequent Executive Order issued by the Governor regarding ceasing eviction proceedings due to the COVID-19 pandemic; (3) the qualified property owner can demonstrate a financial burden due to the eviction moratorium; (4) the qualified property owner is liable for paying the real estate taxes on the property; and (5) the qualified property owner is an owner of record of the property or has a legal or equitable interest in the property, as evidenced by a written instrument. Provides that the exemption may not exceed $10,000 per property. Effective immediately.
  


LRB102 14810 HLH 20163 b

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

  
HB3516LRB102 14810 HLH 20163 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. Landlord pandemic relief exemption.
8    (a) Beginning in taxable year 2021, a landlord pandemic 
9relief exemption shall be granted by the chief county 
10assessment officer as a reduction to the assessed value of 
11qualified property. 
12    (b) The qualified property owner shall receive the 
13exemption upon receipt of an application that successfully 
14demonstrates all of the following: 
15        (1) the property is an income-producing property owned 
16    by the qualified property owner; 
17        (2) the property was subject to Executive Order 
18    2020-10, and each subsequent Executive Order issued by the 
19    Governor regarding ceasing eviction proceedings due to the 
20    COVID-19 pandemic; 
21        (3) the qualified property owner must have evidence of 
22    a financial burden due to the eviction moratorium; 
23        (4) the qualified property owner must be liable for 
 
 
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1    paying the real estate taxes on the property; and 
2        (5) the qualified property owner must be an owner of 
3    record of the property or have a legal or equitable 
4    interest in the property, as evidenced by a written 
5    instrument. 
6    (c) The exemption created under this Section may be 
7granted to property only after the chief county assessment 
8officer has received an application by the qualified property 
9owner that demonstrates the financial burden caused by the 
10State's action ceasing eviction proceedings during the 
11COVID-19 pandemic. 
12    (d) The amount of the exemption granted under this Section 
13shall not be more than $10,000 per qualified property. The 
14chief county assessor shall determine the amount of the 
15exemption for each property. 
16    (e) The exemption under this Section is in addition to any 
17other homestead exemption provided in this Article 15. 
18Notwithstanding Sections 6 and 8 of the State Mandates Act, no 
19reimbursement by the State is required for the implementation 
20of any mandate created by this Section. 
  
 
21    Section 99. Effective date. This Act takes effect upon 
22becoming law.