Full Text of HB4750 103rd General Assembly
HB4750ham001 103RD GENERAL ASSEMBLY | Rep. Harry Benton Filed: 4/2/2024 | | 10300HB4750ham001 | | LRB103 38393 HLH 71651 a |
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| 1 | | AMENDMENT TO HOUSE BILL 4750
| 2 | | AMENDMENT NO. ______. Amend House Bill 4750 by replacing | 3 | | everything after the enacting clause with the following: | 4 | | "Section 5. The Property Tax Code is amended by changing | 5 | | Section 20-15 as follows: | 6 | | (35 ILCS 200/20-15) | 7 | | Sec. 20-15. Information on bill or separate statement. | 8 | | There shall be printed on each bill, or on a separate slip | 9 | | which shall be mailed with the bill: | 10 | | (a) a statement itemizing the rate at which taxes have | 11 | | been extended for each of the taxing districts in the | 12 | | county in whose district the property is located, and in | 13 | | those counties utilizing electronic data processing | 14 | | equipment the dollar amount of tax due from the person | 15 | | assessed allocable to each of those taxing districts, | 16 | | including a separate statement of the dollar amount of tax |
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| 1 | | due which is allocable to a tax levied under the Illinois | 2 | | Local Library Act or to any other tax levied by a | 3 | | municipality or township for public library purposes, | 4 | | (b) a separate statement for each of the taxing | 5 | | districts of the dollar amount of tax due which is | 6 | | allocable to a tax levied under the Illinois Pension Code | 7 | | or to any other tax levied by a municipality or township | 8 | | for public pension or retirement purposes, | 9 | | (b-5) a list of each tax increment financing (TIF) | 10 | | district in which the property is located and the dollar | 11 | | amount of tax due that is allocable to the TIF district, | 12 | | (c) the total tax rate, | 13 | | (d) the total amount of tax due, and | 14 | | (e) the amount by which the total tax and the tax | 15 | | allocable to each taxing district differs from the | 16 | | taxpayer's last prior tax bill. | 17 | | The county treasurer shall ensure that only those taxing | 18 | | districts in which a parcel of property is located shall be | 19 | | listed on the bill for that property. | 20 | | In all counties the statement shall also provide: | 21 | | (1) the property index number or other suitable | 22 | | description, | 23 | | (2) the assessment of the property, | 24 | | (3) the statutory amount of each homestead exemption | 25 | | applied to the property, | 26 | | (4) the assessed value of the property after |
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| 1 | | application of all homestead exemptions, | 2 | | (5) the equalization factors imposed by the county and | 3 | | by the Department, and | 4 | | (6) the equalized assessment resulting from the | 5 | | application of the equalization factors to the basic | 6 | | assessment. | 7 | | In all counties which do not classify property for | 8 | | purposes of taxation, for property on which a single family | 9 | | residence is situated the statement shall also include a | 10 | | statement to reflect the fair cash value determined for the | 11 | | property. In all counties which classify property for purposes | 12 | | of taxation in accordance with Section 4 of Article IX of the | 13 | | Illinois Constitution, for parcels of residential property in | 14 | | the lowest assessment classification the statement shall also | 15 | | include a statement to reflect the fair cash value determined | 16 | | for the property. | 17 | | In all counties, the statement must include information | 18 | | that certain taxpayers may be eligible for tax exemptions, | 19 | | abatements, and other assistance programs and that, for more | 20 | | information, taxpayers should consult with the office of their | 21 | | township or county assessor and with the Illinois Department | 22 | | of Revenue. For bills mailed on or after January 1, 2026, the | 23 | | statement must include, in bold face type, a list of | 24 | | exemptions available to taxpayers, the deadlines for applying | 25 | | for those exemptions, and contact information for the township | 26 | | and county assessor and the Department of Revenue. |
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| 1 | | In counties which use the estimated or accelerated billing | 2 | | methods, these statements shall only be provided with the | 3 | | final installment of taxes due. The provisions of this Section | 4 | | create a mandatory statutory duty. They are not merely | 5 | | directory or discretionary. The failure or neglect of the | 6 | | collector to mail the bill, or the failure of the taxpayer to | 7 | | receive the bill, shall not affect the validity of any tax, or | 8 | | the liability for the payment of any tax. | 9 | | (Source: P.A. 100-621, eff. 7-20-18; 101-134, eff. 7-26-19.)". |
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