96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB0305

 

Introduced 1/23/2009, by Rep. Robert Rita

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-15
35 ILCS 200/15-20

    Amends the Property Tax Code. Provides that, if exempt property is leased, loaned, or otherwise made available for profit, the titleholder or the owner of the beneficial interest must file a copy of the lease or agreement with the collector's office. Provides that, if there is a change in use, leasehold estate, or titleholder of record for exempt property, then the transferee must notify the collector's office in writing within 30 days of the change. Effective immediately.


LRB096 02887 HLH 12901 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0305 LRB096 02887 HLH 12901 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 changing
5 Sections 15-15 and 15-20 as follows:
 
6     (35 ILCS 200/15-15)
7     Sec. 15-15. Obligation to file copies of leases or
8 agreements. If any property listed as exempt by the chief
9 county assessment officer is leased, loaned or otherwise made
10 available for profit, the titleholder or the owner of the
11 beneficial interest shall file with the assessment officer and
12 the collector's office a copy of all such leases or agreements
13 and a complete description of the premises, so the chief county
14 assessment officer can ascertain the exact size and location of
15 the premises in order to create a tax parcel. Failure to file
16 such leases, agreements or descriptions with both the
17 assessment officer and the collector's office shall, in the
18 discretion of the chief county assessment officer, constitute
19 cause to terminate the exemption, notwithstanding any other
20 provision of this Code.
21 (Source: P.A. 87-895; 87-1189; 88-455.)
 
22     (35 ILCS 200/15-20)

 

 

HB0305 - 2 - LRB096 02887 HLH 12901 b

1     Sec. 15-20. Notification requirements after change in use
2 or ownership. If any property listed as exempt by the chief
3 county assessment officer has a change in use, a change in
4 leasehold estate, or a change in titleholder of record by
5 purchase, grant, taking or transfer, it is the obligation of
6 the transferee to notify the chief county assessment officer
7 and the collector's office in writing within 30 days of the
8 change. The notice shall be sent by certified mail, return
9 receipt requested, and shall include the name and address of
10 the taxpayer, the legal description of the property, the
11 address of the property, and the permanent index number of the
12 property where such number exists. If the failure to give such
13 notification results in the assessment officer listing the
14 property as exempt in subsequent years, the property shall be
15 considered omitted property for purposes of this Code.
16 (Source: P.A. 87-895; 87-1189; 88-455; incorporates 88-221;
17 88-670, eff. 12-2-94.)
 
18     Section 99. Effective date. This Act takes effect upon
19 becoming law.