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HB4845 Engrossed |
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LRB094 16308 BDD 51556 b |
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| AN ACT concerning revenue.
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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 16-70 as follows:
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| (35 ILCS 200/16-70)
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| Sec. 16-70. Determination of exemptions. The board of |
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| review shall hear and
determine the application of any person |
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| who is assessed on property claimed to
be exempt from taxation. |
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| However, the decision of the board shall not be
final, except |
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| as to homestead exemptions. Upon filing of any application for |
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| a
non-homestead exemption which would reduce the assessed |
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| valuation of any
property by more than $100,000, the owner |
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| shall deliver, in person or by mail,
a copy of the application |
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| to any municipality, school district,
and community
college |
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| district, and fire protection district in which the property is |
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| situated. Failure of a
municipality, school district,
or |
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| community college district, or fire protection district to |
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| receive the
notice shall not invalidate any exemption. The |
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| board shall give the
municipalities, school districts,
and |
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| community college districts, fire protection districts, and |
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| the
taxpayer an opportunity to be heard. The clerk of the board |
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| in all cases other
than homestead exemptions, under the |
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| direction of the board, shall make out and
forward to the |
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| Department, a full and complete statement of all the facts in
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| the case. The Department shall determine whether the property |
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| is legally liable
to taxation. It shall notify the board of |
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| review of its decision, and
the board shall correct the |
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| assessment if necessary. The decision of the
Department is |
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| subject to review under Sections 8-35 and 8-40. The extension |
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| of
taxes on any assessment shall not be delayed by any |
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| proceedings under this
Section, and, if the Department rules |