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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB3139 Introduced 2/19/2016, by Sen. Wm. Sam McCann SYNOPSIS AS INTRODUCED:
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Amends the Longtime Owner-Occupant Property Tax Relief Act. Removes a reference to population in the Act's public policy provisions. Effective immediately.
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| | A BILL FOR |
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| | SB3139 | | LRB099 19941 HLH 44340 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 Longtime Owner-Occupant Property Tax Relief |
| 5 | | Act is amended by changing Section 5 as follows:
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| 6 | | (35 ILCS 250/5)
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| 7 | | Sec. 5. Public policy. In recognition of the severe |
| 8 | | economic circumstances
of certain longtime owner-occupants of |
| 9 | | residences who are faced with rising
living costs and |
| 10 | | constantly increasing tax burdens in areas where real property
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| 11 | | values have risen markedly as a consequence of the renovation |
| 12 | | of other
deteriorating residences or the construction of new |
| 13 | | residences, the General
Assembly considers it to be a matter of |
| 14 | | sound public policy for counties having
a population of 100,000 |
| 15 | | or more to adopt uniform special real property tax
relief |
| 16 | | provisions in order to allow longtime owner-occupants of |
| 17 | | residences to
remain in peaceful possession of their homes.
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| 18 | | (Source: P.A. 88-451.)
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| 19 | | Section 99. Effective date. This Act takes effect upon |
| 20 | | becoming law.
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