Sen. Mike Simmons

Filed: 2/7/2022

 

 


 

 


 
10200SB3012sam001LRB102 22883 HLH 35872 a

1
AMENDMENT TO SENATE BILL 3012

2    AMENDMENT NO. ______. Amend Senate Bill 3012 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by adding
5Section 15-173.1 as follows:
 
6    (35 ILCS 200/15-173.1 new)
7    Sec. 15-173.1. Homestead exemption for property in a flood
8zone.
9    (a) Beginning with tax year 2023, if a geographic area
10within a county experiences excessive flooding in any tax
11year, the county board of the county may, by ordinance,
12designate that area as a flood zone for that tax year. Areas
13that may be designated as flood zones include, but are not
14limited to, Special Flood Hazard Areas designated by the
15Federal Emergency Management Agency, areas adjacent to Lake
16Michigan or the Chicago River, or other geographic areas

 

 

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1determined by the county board to have experienced excessive
2flooding during the tax year. Qualified residential property
3that is located within a flood zone is entitled to a reduction
4of $5,000 from the property's equalized assessed value for the
5tax year in which the area is designated as a flood zone.
6    (b) In the case of qualified residential property that is
7not owner-occupied, the property owner shall provide each
8tenant with (i) written information approved by the chief
9county assessment officer concerning best practices for flood
10damage prevention and mitigation and (ii) the brochure
11entitled "Flood Insurance for Renters", prepared by the
12Federal Emergency Management Agency, or any similar
13informational materials prepared by that Agency.
14    (c) Application must be made during the application period
15in effect for the county. The assessor or chief county
16assessment officer may determine the eligibility of
17residential property to receive the homestead exemption
18provided by this Section by application, visual inspection,
19questionnaire, or other reasonable methods. The determination
20must be made in accordance with guidelines established by the
21Department. Photographic evidence collected from the homeowner
22shall be sufficient to demonstrate flood damage.
23    (d) As used in this Section:
24    "Household" means all persons using the residence as their
25principal place of residence.
26    "Qualified residential property" means real property that

 

 

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1is improved with a permanent structure that is occupied as a
2primary residence by one or more individuals with a household
3income that does not exceed 100% of the area median income, as
4determined by the United States Department of Housing and
5Urban Development.".