State of Illinois
92nd General Assembly
Legislation

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92_HB3323

 
                                               LRB9206974SMdv

 1        AN ACT concerning taxation.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Illinois Income Tax  Act  is  amended  by
 5    adding Section 513 as follows:

 6        (35 ILCS 5/513 new)
 7        Sec.  513.   Senior  Citizens Assessment Freeze Homestead
 8    Exemption.
 9        (a)  The Department must print on its  individual  income
10    tax form the following notice and a space for the taxpayer to
11    indicate  whether the taxpayer believes he or she is eligible
12    to receive the Senior Citizens  Assessment  Freeze  Homestead
13    Exemption under the Property Tax Code:
14        "The   Senior   Citizens   Assessment   Freeze  Homestead
15    Exemption of the Property Tax  Code  offers  a  property  tax
16    freeze  to many senior citizens who have an individual income
17    of less than $(insert amount); a  household  income  of  less
18    then $(insert amount) for a couple; or increased sums if 3 or
19    more persons are living in the household.  If (1)  you are  a
20    senior  citizen,  and  (2)  your  income is less than (insert
21    amount), and (3) you are not currently enjoying  the  benefit
22    of  this  freeze,  please check the box and the Department of
23    Revenue will determine if you or your household  is  eligible
24    for   the   Senior   Citizens   Assessment  Freeze  Homestead
25    Exemption."
26        (b)  The Department must determine whether each  taxpayer
27    that responds under subsection (a) is eligible for the Senior
28    Citizens  Assessment  Freeze  Homestead  Exemption.   If  the
29    Department  determines  that the taxpayer is eligible for the
30    Senior Citizens Assessment  Freeze  Homestead  Exemption,  it
31    must  notify  the appropriate Chief County Assessment Officer
 
                            -2-                LRB9206974SMdv
 1    and apply for the exemption on behalf of the taxpayer.

 2        Section 99.  Effective date.  This Act  takes  effect  on
 3    September 1, 2001.

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