102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3516

 

Introduced 2/22/2021, by Rep. Keith R. Wheeler

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-178 new

    Amends the Property Tax Code. Creates a landlord pandemic relief exemption. Provides that property is entitled to the exemption if: (1) the property is an income-producing property owned by a qualified property owner; (2) the property was subject to Executive Order 2020-10 and each subsequent Executive Order issued by the Governor regarding ceasing eviction proceedings due to the COVID-19 pandemic; (3) the qualified property owner can demonstrate a financial burden due to the eviction moratorium; (4) the qualified property owner is liable for paying the real estate taxes on the property; and (5) the qualified property owner is an owner of record of the property or has a legal or equitable interest in the property, as evidenced by a written instrument. Provides that the exemption may not exceed $10,000 per property. Effective immediately.


LRB102 14810 HLH 20163 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3516LRB102 14810 HLH 20163 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 15-178 as follows:
 
6    (35 ILCS 200/15-178 new)
7    Sec. 15-178. Landlord pandemic relief exemption.
8    (a) Beginning in taxable year 2021, a landlord pandemic
9relief exemption shall be granted by the chief county
10assessment officer as a reduction to the assessed value of
11qualified property.
12    (b) The qualified property owner shall receive the
13exemption upon receipt of an application that successfully
14demonstrates all of the following:
15        (1) the property is an income-producing property owned
16    by the qualified property owner;
17        (2) the property was subject to Executive Order
18    2020-10, and each subsequent Executive Order issued by the
19    Governor regarding ceasing eviction proceedings due to the
20    COVID-19 pandemic;
21        (3) the qualified property owner must have evidence of
22    a financial burden due to the eviction moratorium;
23        (4) the qualified property owner must be liable for

 

 

HB3516- 2 -LRB102 14810 HLH 20163 b

1    paying the real estate taxes on the property; and
2        (5) the qualified property owner must be an owner of
3    record of the property or have a legal or equitable
4    interest in the property, as evidenced by a written
5    instrument.
6    (c) The exemption created under this Section may be
7granted to property only after the chief county assessment
8officer has received an application by the qualified property
9owner that demonstrates the financial burden caused by the
10State's action ceasing eviction proceedings during the
11COVID-19 pandemic.
12    (d) The amount of the exemption granted under this Section
13shall not be more than $10,000 per qualified property. The
14chief county assessor shall determine the amount of the
15exemption for each property.
16    (e) The exemption under this Section is in addition to any
17other homestead exemption provided in this Article 15.
18Notwithstanding Sections 6 and 8 of the State Mandates Act, no
19reimbursement by the State is required for the implementation
20of any mandate created by this Section.
 
21    Section 99. Effective date. This Act takes effect upon
22becoming law.