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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0656 Introduced 1/28/2015, by Sen. Matt Murphy SYNOPSIS AS INTRODUCED:
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| 35 ILCS 200/18-163 new | | 30 ILCS 805/8.39 new | |
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Amends the Property Tax Code. Provides that, beginning in taxable year 2015 and through taxable year 2017, the total amount due on each property tax bill in each taxable year may not exceed the total amount due for that property in taxable year 2014. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY | STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT |
| | A BILL FOR |
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| | SB0656 | | LRB099 06048 HLH 26102 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 adding |
| 5 | | Section 18-163 as follows:
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| 6 | | (35 ILCS 200/18-163 new) |
| 7 | | Sec. 18-163. Property tax bills. Notwithstanding any other |
| 8 | | provision of law, beginning in taxable year 2015 and through |
| 9 | | taxable year 2017, the total amount due on each property tax |
| 10 | | bill in each taxable year may not exceed the total amount due |
| 11 | | for that property in taxable year 2014.
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| 12 | | Section 90. The State Mandates Act is amended by adding |
| 13 | | Section 8.39 as follows:
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| 14 | | (30 ILCS 805/8.39 new) |
| 15 | | Sec. 8.39. Exempt mandate. Notwithstanding Sections 6 and 8 |
| 16 | | of this Act, no reimbursement by the State is required for the |
| 17 | | implementation of any mandate created by this amendatory Act of |
| 18 | | the 99th General Assembly.
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| 19 | | Section 99. Effective date. This Act takes effect upon |
| 20 | | becoming law.
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