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Public Act 102-0893 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 15-178 as follows: | ||||
(35 ILCS 200/15-178) | ||||
Sec. 15-178. Reduction in assessed value for affordable | ||||
rental housing construction or rehabilitation. | ||||
(a) The General Assembly finds that there is a shortage of | ||||
high quality affordable rental homes for low-income and | ||||
very-low-income households throughout Illinois; that owners | ||||
and developers of rental housing face significant challenges | ||||
building newly constructed apartments or undertaking | ||||
rehabilitation of existing properties that results in rents | ||||
that are affordable for low-income and very-low-income | ||||
households; and that it will help Cook County and other parts | ||||
of Illinois address the extreme shortage of affordable rental | ||||
housing by developing a statewide policy to determine the | ||||
assessed value for newly constructed and rehabilitated | ||||
affordable rental housing that both encourages investment and | ||||
incentivizes property owners to keep rents affordable. | ||||
(b) Each chief county assessment officer shall implement | ||||
special assessment programs to reduce the assessed value of |
all eligible newly constructed residential real property or | ||
qualifying rehabilitation to all eligible existing residential | ||
real property in accordance with subsection (c) for 10 taxable | ||
years after the newly constructed residential real property or | ||
improvements to existing residential real property are put in | ||
service. Any county with less than 3,000,000 inhabitants may | ||
decide not to implement one or both of the special assessment | ||
programs defined in subparagraph (1) of subsection (c) of this | ||
Section and subparagraph (2) of subsection (c) of this Section | ||
upon passage of an ordinance by a majority vote of the county | ||
board. Subsequent to a vote to opt out of this special | ||
assessment program, any county with less than 3,000,000 | ||
inhabitants may decide to implement one or both of the special | ||
assessment programs defined in subparagraph (1) of subsection | ||
(c) of this Section and subparagraph (2) of subsection (c) of | ||
this Section upon passage of an ordinance by a majority vote of | ||
the county board. Property is eligible for the special | ||
assessment program if and only if all of the following factors | ||
have been met: | ||
(1) at the conclusion of the new construction or
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qualifying rehabilitation, the property consists of a | ||
newly constructed multifamily building containing 7 or | ||
more rental dwelling units or an existing multifamily | ||
building that has undergone qualifying rehabilitation | ||
resulting in 7 or more rental dwelling units; and | ||
(2) the property meets the application requirements |
defined in subsection (f). | ||
(c) For those counties that are required to implement the | ||
special assessment program and do not opt out of such special | ||
assessment program, the chief county assessment officer for | ||
that county shall require that residential real property is | ||
eligible for the special assessment program if and only if one | ||
of the additional factors have been met: | ||
(1) except as defined in subparagraphs (E), (F), and
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(G) of paragraph (1) of subsection (f) of this Section,
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prior to the newly constructed residential real property
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or improvements to existing residential real property
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being put in service, the owner of the residential real | ||
property commits that, for a period of 10 years, at least
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15% of the multifamily building's units will have rents as
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defined in this Section that are at or below maximum rents
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and are occupied by households with household incomes at | ||
or below maximum income limits; or | ||
(2) except as defined in subparagraphs (E), (F), and
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(G) of paragraph (1) of subsection (f) of this Section,
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prior to the newly constructed residential real property | ||
or improvements to existing residential real property | ||
located in a low affordability community being
put in | ||
service, the owner of the residential real property
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commits that, for a period of 30 years after the newly
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constructed residential real property or improvements to
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existing residential real property are put in service, at
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least 20% of the multifamily building's units will have
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rents as defined in this Section that are at or below
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maximum rents and are occupied by households with | ||
household incomes at or below maximum income limits. | ||
If a reduction in assessed value is granted under one | ||
special assessment program provided for in this Section, then | ||
that same residential real property is not eligible for an | ||
additional special assessment program under this Section at | ||
the same time. | ||
(d) The amount of the reduction in assessed value for | ||
residential real property meeting the conditions set forth in | ||
subparagraph (1) of subsection (c) shall be calculated as | ||
follows: | ||
(1) if the owner of the residential real property | ||
commits for a period of at least 10 years that at least 15% | ||
but fewer than 35% of the multifamily building's units | ||
have rents at or below maximum rents and are occupied by | ||
households with household incomes at or below maximum | ||
income limits, the assessed value of the property used to | ||
calculate the tax bill shall be reduced by an amount equal | ||
to 25% of the assessed value of the property as determined | ||
by the assessor for the property in the current taxable | ||
year for the newly constructed residential real property | ||
or based on the improvements to an existing residential | ||
real property; and | ||
(2) if the owner of the residential real property |
commits for a period of at least 10 years that at least 35% | ||
of the multifamily building's units have rents at or below | ||
maximum rents and are occupied by households with | ||
household incomes at or below maximum income limits, the | ||
assessed value of the property used to calculate the tax | ||
bill shall be reduced by an amount equal to 35% of the | ||
assessed value of the property as determined by the | ||
assessor for the property in the current assessment year | ||
for the newly constructed residential real property or | ||
based on the improvements to an existing residential real | ||
property. | ||
(e) The amount of the reduction for residential real | ||
property meeting the conditions set forth in subparagraph (2) | ||
of subsection (c) shall be calculated as follows: | ||
(1) for the first, second, and third taxable year | ||
after the residential real property is placed in service, | ||
the residential real property is entitled to a reduction | ||
in its assessed value in an amount equal to the difference | ||
between the assessed value in the year for which the | ||
incentive is sought and the assessed value for the | ||
residential real property in the base year; | ||
(2) for the fourth, fifth, and sixth taxable year | ||
after the residential real property is placed in service, | ||
the property is entitled to a reduction in its assessed | ||
value in an amount equal to 80% of the difference between | ||
the assessed value in the year for which the incentive is |
sought and the assessed value for the residential real | ||
property in the base year; | ||
(3) for the seventh, eighth, and ninth taxable year | ||
after the property is placed in service, the residential | ||
real property is entitled to a reduction in its assessed | ||
value in an amount equal to 60% of the difference between | ||
the assessed value in the year for which the incentive is | ||
sought and the assessed value for the residential real | ||
property in the base year; | ||
(4) for the tenth, eleventh, and twelfth taxable year | ||
after the residential real property is placed in service, | ||
the residential real property is entitled to a reduction | ||
in its assessed value in an amount equal to 40% of the | ||
difference between the assessed value in the year for | ||
which the incentive is sought and the assessed value for | ||
the residential real property in the base year; and | ||
(5) for the thirteenth through the thirtieth taxable | ||
year after the residential real property is placed in | ||
service, the residential real property is entitled to a | ||
reduction in its assessed value in an amount equal to 20% | ||
of the difference between the assessed value in the year | ||
for which the incentive is sought and the assessed value | ||
for the residential real property in the base year. | ||
(f) Application requirements. | ||
(1) In order to receive the reduced valuation under | ||
this Section, the owner must submit an application |
containing the following information to the chief county | ||
assessment officer for review in the form and by the date | ||
required by the chief county assessment officer: | ||
(A) the owner's name; | ||
(B) the postal address and permanent index number | ||
or numbers of the parcel or parcels for which the owner | ||
is applying to receive reduced valuation under this | ||
Section; | ||
(C) a deed or other instrument conveying the | ||
parcel or parcels to the current owner; | ||
(D) written evidence that the new construction or | ||
qualifying rehabilitation has been completed with | ||
respect to the residential real property, including, | ||
but not limited to, copies of building permits, a | ||
notarized contractor's affidavit, and photographs of | ||
the interior and exterior of the building after new | ||
construction or rehabilitation is completed; | ||
(E) written evidence that the residential real | ||
property meets local building codes, or if there are | ||
no local building codes, Housing Quality Standards, as | ||
determined by the United States Department of Housing | ||
and Urban Development; | ||
(F) a list identifying the affordable units in | ||
residential real property and a written statement that | ||
the affordable units are comparable to the market rate | ||
units in terms of unit type, number of bedrooms per |
unit, quality of exterior appearance, energy | ||
efficiency, and overall quality of construction; | ||
(G) a written schedule certifying the rents in | ||
each affordable unit and a written statement that | ||
these rents do not exceed the maximum rents allowable | ||
for the area in which the residential real property is | ||
located; | ||
(H) documentation from the administering agency | ||
verifying the owner's participation in a qualifying | ||
income-based rental subsidy program as defined in | ||
subsection (e) of this Section if units receiving | ||
rental subsidies are to be counted among the | ||
affordable units in order to meet the thresholds | ||
defined in this Section; | ||
(I) a written statement identifying the household | ||
income for every household occupying an affordable | ||
unit and certifying that the household income does not | ||
exceed the maximum income limits allowable for the | ||
area in which the residential real property is | ||
located; | ||
(J) a written statement that the owner has | ||
verified and retained documentation of household | ||
income for every household occupying an affordable | ||
unit; and | ||
(K) any additional information consistent with | ||
this Section as reasonably required by the chief |
county assessment officer, including, but not limited | ||
to, any information necessary to ensure compliance | ||
with applicable local ordinances and to ensure the | ||
owner is complying with the provisions of this | ||
Section. | ||
(1.1) In order for a development to receive the | ||
reduced valuation under subsection (e), the owner must | ||
provide evidence to the county assessor's office of a | ||
fully executed project labor agreement entered into with | ||
the applicable local building trades council, prior to | ||
commencement of any and all construction, building, | ||
renovation, demolition, or any material change to the | ||
structure or land. | ||
(2) The application requirements contained in | ||
paragraph (1) of subsection (f) are continuing | ||
requirements for the duration of the reduction in assessed | ||
value received and may be annually or periodically | ||
verified by the chief county assessment officer for the | ||
county whereby the benefit is being issued. | ||
(3) In lieu of submitting an application containing | ||
the information prescribed in paragraph (1) of subsection | ||
(f), the chief county assessment officer may allow for | ||
submission of a substantially similar certification | ||
granted by the Illinois Housing Development Authority or a | ||
comparable local authority provided that the chief county | ||
assessment officer independently verifies the veracity of |
the certification with the Illinois Housing Development | ||
Authority or comparable local authority. | ||
(4) The chief county assessment officer shall notify | ||
the owner as to whether or not the property meets the | ||
requirements of this Section. If the property does not | ||
meet the requirements of this Section, the chief county | ||
assessment officer shall provide written notice of any | ||
deficiencies to the owner, who shall then have 30 days | ||
from the date of notification to provide supplemental | ||
information showing compliance with this Section. The | ||
chief county assessment officer shall, in its discretion, | ||
grant additional time to cure any deficiency. If the owner | ||
does not exercise this right to cure the deficiency, or if | ||
the information submitted, in the sole judgment of the | ||
chief county assessment officer, is insufficient to meet | ||
the requirements of this Section, the chief county | ||
assessment officer shall provide a written explanation of | ||
the reasons for denial. | ||
(5) The chief county assessment officer may charge a | ||
reasonable application fee to offset the administrative | ||
expenses associated with the program. | ||
(6) The reduced valuation conferred by this Section is | ||
limited as follows: | ||
(A) The owner is eligible to apply for the reduced | ||
valuation conferred by this Section beginning in the | ||
first assessment year after the effective date of this |
amendatory Act of the 102nd General Assembly through | ||
December 31, 2027. If approved, the reduction will be | ||
effective for the current assessment year, which will | ||
be reflected in the tax bill issued in the following | ||
calendar year. Owners that are approved for the | ||
reduced valuation under paragraph (1) of subsection | ||
(c) of this Section before December 31, 2027 shall, at | ||
minimum, be eligible for annual renewal of the reduced | ||
valuation during an initial 10-year period if annual | ||
certification requirements are met for each of the 10 | ||
years, as described in subparagraph (B) of paragraph | ||
(4) of subsection (d) of this Section. | ||
(B) Property receiving a reduction outlined in | ||
paragraph (1) of subsection (c) of this Section shall | ||
continue to be eligible for an initial period of up to | ||
10 years if annual certification requirements are met | ||
for each of the 10 years, but shall be extended for up | ||
to 2 additional 10-year periods with annual renewals | ||
if the owner continues to meet the requirements of | ||
this Section, including annual certifications, and | ||
excluding the requirements regarding new construction | ||
or qualifying rehabilitation defined in subparagraph | ||
(D) of paragraph (1) of this subsection. | ||
(C) The annual certification materials in the year | ||
prior to final year of eligibility for the reduction | ||
in assessed value must include a dated copy of the |
written notice provided to tenants informing them of | ||
the date of the termination if the owner is not seeking | ||
a renewal. | ||
(D) If the property is sold or transferred, the | ||
purchaser or transferee must comply with all | ||
requirements of this Section, excluding the | ||
requirements regarding new construction or qualifying | ||
rehabilitation defined in subparagraph (D) of | ||
paragraph (1) of this subsection, in order to continue | ||
receiving the reduction in assessed value. Purchasers | ||
and transferees who comply with all requirements of | ||
this Section excluding the requirements regarding new | ||
construction or qualifying rehabilitation defined in | ||
subparagraph (D) of paragraph (1) of this subsection | ||
are eligible to apply for renewal on the schedule set | ||
by the initial application. | ||
(E) The owner may apply for the reduced valuation | ||
if the residential real property meets all | ||
requirements of this Section and the newly constructed | ||
residential real property or improvements to existing | ||
residential real property were put in service on or | ||
after January 1, 2015. However, the initial 10-year | ||
eligibility period or 30-year eligibility period, | ||
depending on the applicable program, shall be reduced | ||
by the number of years between the placed in service | ||
date and the date the owner first receives this |
reduced valuation. | ||
(F) The owner may apply for the reduced valuation | ||
within 2 years after the newly constructed residential | ||
real property or improvements to existing residential | ||
real property are put in service. However, the initial | ||
10-year eligibility period or 30-year eligibility | ||
period, depending on the applicable program, shall be | ||
reduced for the number of years between the placed in | ||
service date and the date the owner first receives | ||
this reduced valuation. | ||
(G) Owners of a multifamily building receiving a | ||
reduced valuation through the Cook County Class 9 | ||
program during the year in which this amendatory Act | ||
of the 102nd General Assembly takes effect shall be | ||
deemed automatically eligible for the reduced | ||
valuation defined in paragraph (1) of subsection (c) | ||
of this Section in terms of meeting the criteria for | ||
new construction or substantial rehabilitation for a | ||
specific multifamily building regardless of when the | ||
newly constructed residential real property or | ||
improvements to existing residential real property | ||
were put in service. If a Cook County Class 9 owner had | ||
Class 9 status revoked on or after January 1, 2017 but | ||
can provide documents sufficient to prove that the | ||
revocation was in error or any deficiencies leading to | ||
the revocation have been cured, the chief county |
assessment officer may deem the owner to be eligible. | ||
However, owners may not receive both the reduced | ||
valuation under this Section and the reduced valuation | ||
under the Cook County Class 9 program in any single | ||
assessment year. In addition, the number of years | ||
during which an owner has participated in the Class 9 | ||
program shall count against the 3 10-year periods of | ||
eligibility for the reduced valuation as defined in | ||
subparagraph (1) of subsection (c) of this Section. | ||
(H) At the completion of the assessment reduction | ||
period described in this Section: the entire parcel | ||
will be assessed as otherwise provided by law. | ||
(g) (e) As used in this Section: | ||
"Affordable units" means units that have rents that do not | ||
exceed the maximum rents as defined in this Section. | ||
"Assessed value for the residential real property in the | ||
base year" means the assessed value used to calculate the tax | ||
bill, as certified by the board of review, for the tax year | ||
immediately prior to the tax year in which the building permit | ||
is issued. For property assessed as other than residential | ||
property, the "assessed value for the residential real | ||
property in the base year" means the assessed value that would | ||
have been obtained had the property been classified as | ||
residential as derived from the board of review's certified | ||
market value the value in effect at the end of the taxable year | ||
prior to the latter of: (1) the date of initial application; or |
(2) the date on which 20% of the total number of units in the | ||
property are occupied by eligible tenants paying eligible rent | ||
under this Section . | ||
"Household income" includes the annual income for all the | ||
people who occupy a housing unit that is anticipated to be | ||
received from a source outside of the family during the | ||
12-month period following admission or the annual | ||
recertification, including related family members and all the | ||
unrelated people who share the housing unit. Household income | ||
includes the total of the following income sources: wages, | ||
salaries and tips before any payroll deductions; net business | ||
income; interest and dividends; payments in lieu of earnings, | ||
such as unemployment and disability compensation, worker's | ||
compensation and severance pay; Social Security income, | ||
including lump sum payments; payments from insurance policies, | ||
annuities, pensions, disability benefits and other types of | ||
periodic payments, alimony, child support, and other regular | ||
monetary contributions; and public assistance, except for | ||
assistance from the Supplemental Nutrition Assistance Program | ||
(SNAP). "Household income" does not include: earnings of | ||
children under age 18; temporary income such as cash gifts; | ||
reimbursement for medical expenses; lump sums from | ||
inheritance, insurance payments, settlements for personal or | ||
property losses; student financial assistance paid directly to | ||
the student or to an educational institution; foster child | ||
care payments; receipts from government-funded training |
programs; assistance from the Supplemental Nutrition | ||
Assistance Program (SNAP). | ||
"Low affordability community" means (1) a municipality or | ||
jurisdiction with less than 1,000,000 inhabitants in which 40% | ||
or less of its total year-round housing units are affordable, | ||
as determined by the Illinois Housing Development Authority | ||
during the exemption determination process under the | ||
Affordable Housing Planning and Appeal Act; (2) "D" zoning | ||
districts as now or hereafter designated in the Chicago Zoning | ||
Ordinance; or (3) a jurisdiction located in a municipality | ||
with 1,000,000 or more inhabitants that has been designated as | ||
a low affordability community by passage of a local ordinance | ||
by that municipality, specifying the census tract or property | ||
by permanent index number or numbers. | ||
"Maximum income limits" means the maximum regular income | ||
limits for 60% of area median income for the geographic area in | ||
which the multifamily building is located for multifamily | ||
programs as determined by the United States Department of | ||
Housing and Urban Development and published annually by the | ||
Illinois Housing Development Authority. A property may be | ||
deemed to have satisfied the maximum income limits with a | ||
weighted average if municipal, state, or federal laws, | ||
ordinances, rules, or regulations requires the use of a | ||
weighted average of no more than 60% of area median income for | ||
that property. | ||
"Maximum rent" means the maximum regular rent for 60% of |
the area median income for the geographic area in which the | ||
multifamily building is located for multifamily programs as | ||
determined by the United States Department of Housing and | ||
Urban Development and published annually by the Illinois | ||
Housing Development Authority. To be eligible for the reduced | ||
valuation defined in this Section, maximum rents are to be | ||
consistent with the Illinois Housing Development Authority's | ||
rules; or if the owner is leasing an affordable unit to a | ||
household with an income at or below the maximum income limit | ||
who is participating in qualifying income-based rental subsidy | ||
program, "maximum rent" means the maximum rents allowable | ||
under the guidelines of the qualifying income-based rental | ||
subsidy program. A property may be deemed to have satisfied | ||
the maximum rent with a weighted average if municipal, state, | ||
or federal laws, ordinances, rules, or regulations requires | ||
the use of a weighted average of no more than 60% of area | ||
median income for that property. | ||
"Qualifying income-based rental subsidy program" means a | ||
Housing Choice Voucher issued by a housing authority under | ||
Section 8 of the United States Housing Act of 1937, a tenant | ||
voucher converted to a project-based voucher by a housing | ||
authority or any other program administered or funded by a | ||
housing authority, the Illinois Housing Development Authority, | ||
another State agency, a federal agency, or a unit of local | ||
government where participation is limited to households with | ||
incomes at or below the maximum income limits as defined in |
this Section and the tenants' portion of the rent payment is | ||
based on a percentage of their income or a flat amount that | ||
does not exceed the maximum rent as defined in this Section. | ||
"Qualifying rehabilitation" means, at a minimum, | ||
compliance with local building codes and the replacement or | ||
renovation of at least 2 primary building systems to be | ||
approved for the reduced valuation under paragraph (1) of | ||
subsection (d) of this Section and at least 5 primary building | ||
systems to be approved for the reduced valuation under | ||
subsection (e) of this Section. Although the cost of each | ||
primary building system may vary, to be approved for the | ||
reduced valuation under paragraph (1) of subsection (d) of | ||
this Section, the combined expenditure for making the building | ||
compliant with local codes and replacing primary building | ||
systems must be at least $8 per square foot for work completed | ||
between January 1 of the year in which this amendatory Act of | ||
the 102nd General Assembly takes effect and December 31 of the | ||
year in which this amendatory Act of the 102nd General | ||
Assembly takes effect and, in subsequent years, $8 adjusted by | ||
the Consumer Price Index for All Urban Consumers, as published | ||
annually by the U.S. Department of Labor. To be approved for | ||
the reduced valuation under paragraph (2) of subsection (d) of | ||
this Section, the combined expenditure for making the building | ||
compliant with local codes and replacing primary building | ||
systems must be at least $12.50 per square foot for work | ||
completed between January 1 of the year in which this |
amendatory Act of the 102nd General Assembly takes effect and | ||
December 31 of the year in which this amendatory Act of the | ||
102nd General Assembly takes effect, and in subsequent years, | ||
$12.50 adjusted by the Consumer Price Index for All Urban | ||
Consumers, as published annually by the U.S. Department of | ||
Labor. To be approved for the reduced valuation under | ||
subsection (e) of this Section, the combined expenditure for | ||
making the building compliant with local codes and replacing | ||
primary building systems must be at least $60 per square foot | ||
for work completed between January 1 of the year that this | ||
amendatory Act of the 102nd General Assembly becomes effective | ||
and December 31 of the year that this amendatory Act of the | ||
102nd General Assembly becomes effective and, in subsequent | ||
years, $60 adjusted by the Consumer Price Index for All Urban | ||
Consumers, as published annually by the U.S. Department of | ||
Labor. "Primary building systems", together with their related | ||
rehabilitations, specifically approved for this program are: | ||
(1) Electrical. All electrical work must comply with | ||
applicable codes; it may consist of a combination of any | ||
of the following alternatives: | ||
(A) installing individual equipment and appliance | ||
branch circuits as required by code (the minimum being | ||
a kitchen appliance branch circuit); | ||
(B) installing a new emergency service, including | ||
emergency lighting with all associated conduits and | ||
wiring; |
(C) rewiring all existing feeder conduits ("home | ||
runs") from the main switchgear to apartment area | ||
distribution panels; | ||
(D) installing new in-wall conduits for | ||
receptacles, switches, appliances, equipment, and | ||
fixtures; | ||
(E) replacing power wiring for receptacles, | ||
switches, appliances, equipment, and fixtures; | ||
(F) installing new light fixtures throughout the | ||
building including closets and central areas; | ||
(G) replacing, adding, or doing work as necessary | ||
to bring all receptacles, switches, and other | ||
electrical devices into code compliance; | ||
(H) installing a new main service, including | ||
conduit, cables into the building, and main disconnect | ||
switch; and | ||
(I) installing new distribution panels, including | ||
all panel wiring, terminals, circuit breakers, and all | ||
other panel devices. | ||
(2) Heating. All heating work must comply with | ||
applicable codes; it may consist of a combination of any | ||
of the following alternatives: | ||
(A) installing a new system to replace one of the | ||
following heat distribution systems: | ||
(i) piping and heat radiating units, including | ||
new main line venting and radiator venting; or |
(ii) duct work, diffusers, and cold air | ||
returns; or | ||
(iii) any other type of existing heat | ||
distribution and radiation/diffusion components; | ||
or | ||
(B) installing a new system to replace one of the | ||
following heat generating units: | ||
(i) hot water/steam boiler; | ||
(ii) gas furnace; or | ||
(iii) any other type of existing heat | ||
generating unit. | ||
(3) Plumbing. All plumbing work must comply with | ||
applicable codes. Replace all or a part of the in-wall | ||
supply and waste plumbing; however, main supply risers, | ||
waste stacks and vents, and code-conforming waste lines | ||
need not be replaced. | ||
(4) Roofing. All roofing work must comply with | ||
applicable codes; it may consist of either of the | ||
following alternatives, separately or in combination: | ||
(A) replacing all rotted roof decks and | ||
insulation; or | ||
(B) replacing or repairing leaking roof membranes | ||
(10% is the suggested minimum replacement of | ||
membrane); restoration of the entire roof is an | ||
acceptable substitute for membrane replacement. | ||
(5) Exterior doors and windows. Replace the exterior |
doors and windows. Renovation of ornate entry doors is an | ||
acceptable substitute for replacement. | ||
(6) Floors, walls, and ceilings. Finishes must be | ||
replaced or covered over with new material. Acceptable | ||
replacement or covering materials are as follows: | ||
(A) floors must have new carpeting, vinyl tile, | ||
ceramic, refurbished wood finish, or a similar | ||
substitute; | ||
(B) walls must have new drywall, including joint | ||
taping and painting; or | ||
(C) new ceilings must be either drywall, suspended | ||
type, or a similar material. | ||
(7) Exterior walls. | ||
(A) replace loose or crumbling mortar and masonry | ||
with new material; | ||
(B) replace or paint wall siding and trim as | ||
needed; | ||
(C) bring porches and balconies to a sound | ||
condition; or | ||
(D) any combination of (A), (B), and (C). | ||
(8) Elevators. Where applicable, at least 4 of the | ||
following 7 alternatives must be accomplished: | ||
(A) replace or rebuild the machine room controls | ||
and refurbish the elevator machine (or equivalent | ||
mechanisms in the case of hydraulic elevators); | ||
(B) replace hoistway electro-mechanical items |
including: ropes, switches, limits, buffers, levelers, | ||
and deflector sheaves (or equivalent mechanisms in the | ||
case of hydraulic elevators); | ||
(C) replace hoistway wiring; | ||
(D) replace door operators and linkage; | ||
(E) replace door panels at each opening; | ||
(F) replace hall stations, car stations, and | ||
signal fixtures; or | ||
(G) rebuild the car shell and refinish the | ||
interior. | ||
(9) Health and safety. | ||
(A) Install or replace fire suppression systems; | ||
(B) install or replace security systems; or | ||
(C) environmental remediation of lead-based paint, | ||
asbestos, leaking underground storage tanks, or radon. | ||
(10) Energy conservation improvements undertaken to | ||
limit the amount of solar energy absorbed by a building's | ||
roof or to reduce energy use for the property, including, | ||
but not limited to, any of the following activities: | ||
(A) installing or replacing reflective roof | ||
coatings (flat roofs); | ||
(B) installing or replacing R-49 roof insulation; | ||
(C) installing or replacing R-19 perimeter wall | ||
insulation; | ||
(D) installing or replacing insulated entry doors; | ||
(E) installing or replacing Low E, insulated |
windows; | ||
(F) installing or replacing WaterSense labeled | ||
plumbing fixtures; | ||
(G) installing or replacing 90% or better sealed | ||
combustion heating systems; | ||
(H) installing Energy Star hot water heaters; | ||
(I) installing or replacing mechanical ventilation | ||
to exterior for kitchens and baths; | ||
(J) installing or replacing Energy Star | ||
appliances; | ||
(K) installing or replacing Energy Star certified | ||
lighting in common areas; or | ||
(L) installing or replacing grading and | ||
landscaping to promote on-site water retention if the | ||
retained water is used to replace water that is | ||
provided from a municipal source. | ||
(11) Accessibility improvements. All accessibility | ||
improvements must comply with applicable codes. An owner | ||
may make accessibility improvements to residential real | ||
property to increase access for people with disabilities. | ||
As used in this paragraph (11), "disability" has the | ||
meaning given to that term in the Illinois Human Rights | ||
Act. As used in this paragraph (11), "accessibility | ||
improvements" means a home modification listed under the | ||
Home Services Program administered by the Department of | ||
Human Services (Part 686 of Title 89 of the Illinois |
Administrative Code) including, but not limited to: | ||
installation of ramps, grab bars, or wheelchair lifts; | ||
widening doorways or hallways; re-configuring rooms and | ||
closets; and any other changes to enhance the independence | ||
of people with disabilities. | ||
(12) Any applicant who has purchased the property in | ||
an arm's length transaction not more than 90 days before | ||
applying for this reduced valuation may use the cost of | ||
rehabilitation or repairs required by documented code | ||
violations, up to a maximum of $2 per square foot, to meet | ||
the qualifying rehabilitation requirements.
| ||
(Source: P.A. 102-175, eff. 7-29-21.)
| ||
Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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