93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6924


 
Introduced 2/9/2004, by James H. Meyer - Sidney H. Mathias - Eileen Lyons - Angelo Saviano
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/15-97 new





30 ILCS 805/8.28 new










    Amends the Property Tax Code.  Provides that any component of
residential
property that is specifically designed and built for persons with disabilities
in compliance
with the
accessibility guidelines and standards of the United States Architectural and
Transportation Barriers Compliance Board (the "Access Board"), the construction
of which is commenced on or after the effective date of this amendatory Act of
the 93rd General Assembly, is exempt from
property
taxes.  Exempts the components of new construction as well as new components
installed in existing residential property that
meet
Access Board standards to the extent of the value added by the components.
Amends
the State Mandates Act to require implementation without reimbursement from the
State.
Effective immediately.
















LRB093 18344 SJM 44050 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY


STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
















 


 


A BILL FOR









 











HB6924

LRB093 18344 SJM 44050 b






1
    AN ACT concerning taxes. 

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Property Tax Code is amended by adding 
5
Section 15-97 as
follows:


 
6
    (35 ILCS 200/15-97 new)

7
    Sec. 15-97. Accessible housing.   Any component of 
8
residential property
that is specifically designed
and built 
9
for persons with disabilities in compliance with the 
10
accessibility
guidelines and
standards of the United States 
11
Architectural and Transportation Barriers
Compliance
Board 
12
(the "Access Board"), the construction of which is commenced on 
13
or after
the effective date of this amendatory Act of the 93rd 
14
General Assembly, is
exempt to the extent of the value added by 
15
the
component.  This exemption applies to components of newly 
16
constructed property
as well as existing residential property 
17
that is
improved
for use by persons with disabilities in 
18
compliance with the accessibility
guidelines and
standards of 
19
the
Access Board.
This exemption also applies to components in 
20
the common areas of
condominium
property. This exemption does 
21
not apply to non-residential property.

22
    If a component of residential property is in compliance 
23
with the Access
Board's standards
upon
initial installation in 
24
residential property and an exemption is granted under
this

25
Section, a
change in those standards by the Access Board shall 
26
not cause the component to
become
ineligible for the exemption.

27
    This exemption applies to taxable years 2004 and 
28
thereafter.

29
    Notwithstanding Sections 6 and 8 of the State Mandates Act, 
30
no reimbursement
by the State is required for the 
31
implementation of any mandate created by this
Section.



 
 


 






HB6924
- 2 -
LRB093 18344 SJM 44050 b




1
    Section 90. The State Mandates Act is amended by adding 
2
Section 8.28 as
follows:


 
3
    (30 ILCS 805/8.28 new)

4
    Sec. 8.28. Exempt mandate.   Notwithstanding Sections 6 and 
5
8 of this
Act, no reimbursement by the State is required for 
6
the implementation of
any mandate created by Section 15-97 of 
7
the Property Tax Code.



 
8
    Section 99. Effective date. This Act takes effect upon 
9
becoming law.