HB4400 Enrolled

LRB093 18046 SJM 43732 b






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    AN ACT concerning taxes.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 10-300 as follows:
 



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    (35 ILCS 200/10-300)



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    Sec. 10-300. Veterans organization assessment freeze. 

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    (a) For the taxable year 2000 and thereafter, the assessed 
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value of real
property owned and used by a veterans 
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organization chartered under federal law,
on which is located 
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the principal building for the post, camp, or chapter, and, for 
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taxable years 2004 and thereafter, the assessed value of real 
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property owned by such an organization and used by the 
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organization's members and guests for parking at the principal 
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building for the post, camp, or chapter, must
be frozen by the 
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chief county assessment officer at (i) 15%
of the 1999 assessed 
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value of the property for property that qualifies for the

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assessment freeze in taxable year 2000 or (ii) 15% of the 
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assessed value of the
property for the taxable year that the 
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property first qualifies for the
assessment freeze after 
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taxable year 2000.  If, in any year, improvements or
additions 
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are made to the property that would increase the assessed value 
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of
the property were it not for this Section, then 15% of the 
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assessed value of
such improvements shall be added to the 
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assessment of the property for that
year and all subsequent 
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years the property is eligible for the freeze.

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    (b) The veterans organization must annually submit an 
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application to the
chief county assessment officer on or  before 
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(i) January 31 of the assessment
year in counties with a 
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population of 3,000,000 or more and (ii) December 31 of
the 
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assessment year in all other counties.  The initial application 
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must
contain the information required by the Department of 
 


 






HB4400 Enrolled
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LRB093 18046 SJM 43732 b




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Revenue, including (i)
a copy of the organization's 
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congressional charter,  (ii) the location or
description of the 
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property on which is located the principal building for
the 
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post, camp, or chapter, (iii) a written instrument evidencing 
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that the
organization is the record owner or has a legal or 
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equitable interest in the
property, (iv) an affidavit that the 
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organization is liable for paying the real
property taxes on 
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the property, and (v) the signature of the organization's
chief 
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presiding officer.  Subsequent applications shall include any 
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changes in
the initial application and shall be signed by the 
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organization's chief
presiding officer.  All applications shall 
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be notarized.

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    (c) This Section shall not apply to parcels exempt under 
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Section 15-145.

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(Source: P.A. 91-635, eff. 8-20-99; 92-16, eff. 6-28-01.)

 
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    Section 90. The State Mandates Act is amended by adding 
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Section 8.28 as
follows:


 
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    (30 ILCS 805/8.28 new)

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    Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8 
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of this
Act, no reimbursement by the State is required for the 
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implementation of
any mandate created by this amendatory Act of 
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the 93rd General Assembly.

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.