103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2092
 
Introduced 2/9/2023, by Sen. Doris Turner
 
SYNOPSIS AS INTRODUCED:
 

 
20 ILCS 2505/2505-810 new

     Amends the Department of Revenue Law of the
Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a State Property Tax Relief Reimbursement Pilot Program for the purpose of reimbursing  taxing districts for property tax revenue loss associated with State facilities. Sets forth the amount of the reimbursement. Effective immediately.
  


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A BILL FOR
 

  
SB2092LRB103 28616 HLH 54997 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 Department of Revenue Law of the
Civil 
5Administrative Code of Illinois is amended  by adding Section 
62505-810 as follows:
 
7    (20 ILCS 2505/2505-810 new)
8    Sec. 2505-810. State Property Tax Relief Reimbursement 
9Pilot Program.
10    (a)   For State fiscal years that begin on or after July 1, 
112023 and before July 1, 2028, the Department shall establish 
12and administer a State Property Tax Relief Reimbursement Pilot 
13Program. For purposes of the Program, the Department shall 
14reimburse taxing districts, in an amount calculated under 
15subsection (c), for revenue loss associated with Section 15-55 
16of the Property Tax Code. Reimbursement payments shall be made 
17to the county that applies to the Department of Revenue on 
18behalf of the taxing district under subsection (b) and shall 
19be distributed by the county to the taxing district as 
20directed by the Department of Revenue.
21    (b)   If the county clerk determines  that one or more taxing 
22districts located in whole or in part in the county qualify for 
23reimbursement under this Section, then the county clerk shall 
 
 
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1apply to the Department of Revenue on behalf of the taxing 
2district for reimbursement under this Section in the form and 
3manner required by the Department. The county clerk shall 
4consolidate applications submitted on behalf of more than one 
5taxing district into a single application. The Department of 
6Revenue may audit the information submitted by the county 
7clerk as part of the application under this Section for the 
8purpose of verifying the accuracy of that information.
9    (c)   The amount of the reimbursement shall be the 
10difference between (1) the amount of property tax revenue that 
11would have been required to be collected and distributed to 
12the taxing district for the taxable year that falls 2 years 
13before the start of the State fiscal year if the exemptions 
14under Section 15-55 of the Property Tax Code had not been 
15applied and (2) the amount of property tax revenue that was 
16required to be collected and distributed to the taxing 
17district for that taxable year.
18    The aggregate amount of reimbursements that may be awarded 
19under this Section for all taxing districts in any calendar 
20year may not exceed $15,000,000. If the total amount of 
21eligible reimbursements under this Section exceeds $15,000,000 
22in any calendar year, then the reimbursement amount awarded to 
23each particular taxing district shall be reduced on a pro rata 
24basis until the aggregate amount of reimbursements awarded 
25under this Section for the calendar year does not exceed 
26$15,000,000.
 
 
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1    (d)   The Department of Revenue may adopt rules necessary 
2for the implementation of this Section.
3    (e) As used in this Section:
4    "Taxable year" means the calendar year during which 
5property taxes payable in the next succeeding year are levied.
6    "Taxing district" has the meaning given to that term in 
7Section 1-150 of the Property Tax Code.
 
 
8    Section 99. Effective date. This Act takes effect upon 
9becoming law.