96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB6898

 

Introduced , by Rep. Greg Harris

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/14-25

    Amends the Property Tax Code. Provides that, in Cook County, certificates of error that are issued to grant senior citizens homestead exemptions, senior citizens assessment freeze homestead exemptions, or general homestead exemptions may not be issued for more than the 10 assessment years (instead of 3 assessment years) immediately preceding the assessment year for which the exemption was approved. Effective immediately.


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

 

 

A BILL FOR

 

HB6898LRB096 23386 HLH 42750 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 changing
5Section 14-25 as follows:
 
6    (35 ILCS 200/14-25)
7    Sec. 14-25. Certificate of error; tax exempt property. If
8an exemption is approved by the Department or by a final court
9decision in proceedings to review an exemption decision of the
10Department under the Administrative Review Law then a
11certificate of error shall be issued under Section 14-15 or
1214-20 if one of the following is met:
13    (a) If the property became eligible for the exemption at an
14earlier time, a certificate of error shall be issued for the
15period of eligibility, but in no event, except as otherwise
16provided in this subsection (a), for more than the 3 assessment
17years immediately preceding the assessment year for which the
18exemption was approved. A certificate of error shall be issued
19for the period of eligibility, but in no event for more than
20(i) the 5 assessment years immediately preceding the assessment
21year for which the exemption was approved, if the municipality
22requests the certificate of error before January 1, 1995 or
23(ii) the 10 assessment years immediately preceding the

 

 

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1assessment year for which the exemption was approved if the
2property is located in Cook County and the certificate of error
3is issued to grant a homestead exemption under Section 15-170,
415-172, or 15-175.
5    (b) If the property is subsequently erroneously assessed as
6non-exempt, that error shall be remedied by the issuance of a
7certificate of error.
8    (c) If the owner failed to file an application for
9exemption, or a certificate of status under Section 15-10, for
10an assessment year following the assessment year for which the
11exemption was approved and the property remains eligible for
12exemption for the following year.
13(Source: P.A. 88-455; 88-660, eff. 9-16-94.)
 
14    Section 99. Effective date. This Act takes effect upon
15becoming law.