SB1294 Engrossed LRB094 06249 BDD 36320 b

1     AN ACT concerning revenue.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Property Tax Code is amended by adding
5 Section 27-87 as follows:
 
6     (35 ILCS 200/27-87 new)
7     Sec. 27-87. Special service areas to protect the health and
8 safety of workers, tenants, and visitors in buildings. A
9 municipality may propose a special service area as provided in
10 this Law for the purpose of providing improvements to any one
11 or more buildings if the improvements are required by municipal
12 ordinance in order to protect the health and safety of workers,
13 tenants, and visitors in the buildings; provided that if the
14 owners of 100% of the number of lots, tracts, and parcels of
15 the real estate that are to be subject to the tax file a
16 petition with the clerk of the municipality agreeing with the
17 establishment of a special service area, then the corporate
18 authorities of the municipality may proceed with the
19 establishment of the special service area. If a petition is not
20 filed or contains an insufficient number of signatures, the
21 corporate authorities of the municipality may not proceed
22 further, and the same establishment of a special service area
23 shall not again be initiated for a period of one year.