Public Act 103-0931
 
SB2936 EnrolledLRB103 37961 HLH 68093 b

    AN ACT concerning revenue.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Property Tax Code is amended by changing
Section 18-180 as follows:
 
    (35 ILCS 200/18-180)
    Sec. 18-180. Abatement; urban decay.
    (a) Except as provided below, a home rule municipality
upon adoption of an ordinance by majority vote of its
governing authority, may order the county clerk to abate, for
a period not to exceed 10 years, any percentage of the taxes
levied by the municipality and any other taxing district on
each parcel of property located in an area of urban decay
within the corporate limits of the municipality and upon which
a newly constructed or newly remodeled single-family or duplex
residential dwelling unit is located, except that the total
abatement for any levy year shall not be in an amount in excess
of 2% of the taxes extended by all taxing districts on all
parcels located within the township that contain residential
dwelling units of 6 units or less. In the case of a newly
remodeled single-family or duplex residential dwelling unit,
the amount of the abatement may not exceed the amount of
property taxes attributable to the improvements, and no
abatement shall be granted with respect to the value of the
land. An abatement adopted under this Section shall be
extended to all subsequent owners of an eligible property
during the abatement period. The ordinance shall provide that
the same percentage abatement of taxes shall apply to all
eligible property subject to the abatement ordinance, except
that any abatement granted for any parcel that is within a
redevelopment area created under Division 74.4 of Article 11
of the Illinois Municipal Code at the time the ordinance is
adopted shall not exceed the amount of taxes allocable to
taxing districts. No abatement adopted under this Section
shall apply to a parcel of property if the owner does not live
in the single-family or one of the duplex residential units.
Before final adoption of an abatement ordinance under this
Section, the governing authority of the home rule municipality
shall notify by mail each affected taxing district of the
pending ordinance. This Section does not apply to property
annexed by a municipality after January 1, 1989. For the
purposes of this Section, a zero lot line dwelling, such as a
townhouse or development, is considered a single-family
residence.
    (b) The governing authority of each affected taxing
district shall within 10 days appoint one member to serve on an
Abatement Review Board to review the terms and conditions of
the proposed abatement ordinance. The Board shall be convened
by the mayor or village president of the municipality
considering the abatement ordinance. The ordinance shall not
be adopted less than 45 days after the Board is convened.
Failure to appoint a member to the Board does not affect work
of the Board. The Board shall report the findings and
conclusions to the governing authority of the municipality not
later than 30 days after it is convened.
    (c) Any abatement granted under this Section prior to the
effective date of this amendatory Act of the 103rd General
Assembly shall be reduced in 20% increments annually during
the last 4 years of the abatement period for the property.
    (d) For purposes of this Section:
        (1) "Area of urban decay" means an area demonstrating
    conditions of a "blighted area" or "conservation area" as
    defined by Section 11-74.4-3 of the Illinois Municipal
    Code, notwithstanding the minimum acreage requirement
    contained in the definition of a "redevelopment project
    area" under that Section. Qualifying factors of blight or
    conservation shall be defined as those present within the
    year prior to adoption of the ordinance designating the
    area of urban decay.
        (2) "Duplex" means a 2 family residence that is not
    more than 2 stories plus a basement in height and is
    located on a single parcel of property.
        (3) "Newly constructed" means constructed and ready
    for occupancy not earlier than one year before the date
    the municipality first orders the abatement for the parcel
    under this Section.
        (4) "Newly remodeled" means that the property contains
    improvements that were completed not earlier than one year
    before the date the municipality first orders the
    abatement for the parcel under this Section.
(Source: P.A. 87-1189; 88-455.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/9/2024