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| | HB5893 Enrolled | | LRB098 19106 HLH 54257 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 16-130 as follows:
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| 6 | | (35 ILCS 200/16-130)
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| 7 | | Sec. 16-130.
Exemption procedures; board of appeals; board |
| 8 | | of
review. Whenever the board of appeals
(until the first |
| 9 | | Monday in December 1998 and the board of review
beginning the |
| 10 | | first Monday in December 1998 and thereafter)
in any county |
| 11 | | with 3,000,000 or more inhabitants determines that any
property |
| 12 | | is or is not exempt from taxation, the decision of the board |
| 13 | | shall not
be final, except as to homestead exemptions. Upon |
| 14 | | filing of any application
for an exemption which would, if |
| 15 | | approved, reduce the assessed valuation of any
property by more |
| 16 | | than $100,000, other than a homestead exemption, the owner
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| 17 | | shall give timely notice of the application by mailing a copy |
| 18 | | of it to any
municipality, fire protection district, school |
| 19 | | district, and community college district in which such
property |
| 20 | | is situated. Failure of a municipality, fire protection |
| 21 | | district, school district, or community
college district to |
| 22 | | receive the notice shall not invalidate any exemption. The
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| 23 | | board shall give the municipalities, fire protection |