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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5596 Introduced 2/15/2012, by Rep. Robert Rita SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Makes a technical change in a Section concerning removal of exemptions.
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| | A BILL FOR |
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| | HB5596 | | LRB097 19015 HLH 64254 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 15-25 as follows:
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| 6 | | (35 ILCS 200/15-25)
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| 7 | | Sec. 15-25. Removal of exemptions. If the the Department |
| 8 | | determines that any
property has been unlawfully exempted from |
| 9 | | taxation, or is no longer entitled
to exemption, the Department |
| 10 | | shall, before January 1 of any year, direct the
chief county |
| 11 | | assessment officer to assess the property and return it to the
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| 12 | | assessment rolls for the next assessment year. The Department |
| 13 | | shall give
notice of its decision to the owner of the property |
| 14 | | by certified mail. The
decision shall be subject to review and |
| 15 | | hearing under Section 8-35, upon
application by the owner filed |
| 16 | | within 60 days after the notice of
decision is
mailed. However, |
| 17 | | the extension of taxes on the assessment shall not be delayed
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| 18 | | by any proceedings under this Section. If the property is |
| 19 | | determined to be
exempt, any taxes extended upon the assessment |
| 20 | | shall be abated or, if already
paid, be refunded.
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| 21 | | (Source: P.A. 95-331, eff. 8-21-07.)
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