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| Public Act 096-0609 |
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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 9-45 as follows:
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(35 ILCS 200/9-45)
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Sec. 9-45. Property index number system. The county clerk | ||||
in counties of
3,000,000 or more inhabitants and, subject to | ||||
the approval of the county board,
the chief county assessment | ||||
officer or recorder, in counties of less than
3,000,000 | ||||
inhabitants, may establish a property index number system under | ||||
which
property may be listed for purposes of assessment, | ||||
collection of taxes or
automation of the office of the | ||||
recorder. The system may be adopted in addition
to, or instead | ||||
of, the method of listing by legal description as provided in
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Section 9-40. The system shall describe property by township, | ||||
section,
block, and parcel or lot, and may cross-reference the | ||||
street or post office
address, if any, and street code number, | ||||
if any. The county clerk, county
treasurer, chief county | ||||
assessment officer or recorder may establish and
maintain cross | ||||
indexes of numbers assigned under the system with the complete
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legal description of the properties to which the numbers | ||||
relate. Index numbers
shall be assigned by the county clerk in | ||||
counties of 3,000,000 or more
inhabitants, and, at the | ||
direction of the county board in counties with less
than | ||
3,000,000 inhabitants, shall be assigned by the chief county | ||
assessment
officer or recorder. Tax maps of the county clerk, | ||
county treasurer or chief
county assessment officer shall carry | ||
those numbers. The indexes shall be open
to public inspection | ||
and be made available to the public. Any property index
number | ||
system established prior to the effective date of this Code | ||
shall remain
valid. However, in counties with less than | ||
3,000,000 inhabitants, the system
may be transferred to another | ||
authority upon the approval of the county board.
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Any real property used for a power generating or automotive | ||
manufacturing
facility located within a county of less than | ||
1,000,000 inhabitants, as to
which litigation with respect to | ||
its assessed valuation is pending or was
pending as of January | ||
1, 1993, may be the subject of a real
property tax assessment | ||
settlement agreement among the taxpayer and taxing
districts in | ||
which it is situated. In addition, any real property that is | ||
(i) used for natural gas extraction and fractionation or olefin | ||
and polymer manufacturing and (ii) located within a county of | ||
less than 1,000,000 inhabitants may be the subject of a real
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property tax assessment settlement agreement among the | ||
taxpayer and taxing
districts in which the property is situated | ||
if litigation is or was pending as to its assessed valuation as | ||
of January 1, 2003 or thereafter. Other appropriate | ||
authorities, which
may include county and State boards or | ||
officials, may also be parties to
such agreements an agreement. | ||
Such agreements an agreement may include the assessment of the
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facility or property for any years in dispute as well as for up | ||
to 10 years in the future.
Such agreements an agreement may | ||
provide for the settlement of issues relating to the
assessed | ||
value of the facility and may provide for related payments,
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refunds, claims, credits against taxes and liabilities in | ||
respect to past
and future taxes of taxing districts, including | ||
any fund created under
Section 20-35 of this Act, all | ||
implementing the settlement
agreement. Any such agreement may | ||
provide that parties thereto agree not to
challenge assessments | ||
as provided in the agreement. An agreement entered
into on or | ||
after January 1, 1993 may provide for the classification of | ||
property
that is the subject of the agreement as real or | ||
personal during the term of the
agreement and thereafter. It | ||
may also provide that taxing
districts agree to reimburse the | ||
taxpayer for amounts paid by the taxpayer
in respect to taxes | ||
for the real property which is the subject of the
agreement to | ||
the extent levied by those respective districts, over and
above | ||
amounts which would be due if the facility were to be assessed | ||
as
provided in the agreement. Such reimbursement may be | ||
provided in the
agreement to be made by credit against taxes of | ||
the taxpayer. No credits
shall be applied against taxes levied | ||
with respect to debt service or lease
payments of a taxing | ||
district. No referendum approval or appropriation
shall be | ||
required for such an agreement or such credits and any such
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obligation shall not constitute indebtedness of the taxing | ||
district for
purposes of any statutory limitation. The county | ||
collector shall treat
credited amounts as if they had been | ||
received by the collector as taxes
paid by the taxpayer and as | ||
if remitted to the district. A county
treasurer who is a party | ||
to such an agreement may agree to hold amounts
paid in escrow | ||
as provided in the agreement for possible use for paying
taxes | ||
until conditions of the agreement are met and then to apply | ||
these
amounts as provided in the agreement. No such settlement | ||
agreement shall
be effective unless it shall have been approved | ||
by the court in which such
litigation is pending. Any such | ||
agreement which has been entered into
prior to adoption of this | ||
amendatory Act of 1988 and which is contingent
upon enactment | ||
of authorizing legislation shall be binding and enforceable.
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(Source: P.A. 88-455; 88-535; 88-670, eff. 12-2-94.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law. | ||