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| [ Introduced ] | [ Engrossed ] | [ House Amendment 001 ] |
91_HB4020sam001
LRB9110706JSpcam
1 AMENDMENT TO HOUSE BILL 4020
2 AMENDMENT NO. . Amend House Bill 4020 by replacing
3 the title with the following:
4 "AN ACT concerning taxation of fraternal organizations.";
5 and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Property Tax Code is amended by adding a
9 Division 13 heading to Article 10 and by adding Section
10 10-350 as follows:
11 (35 ILCS 200/Art. 10, Div. 13 heading new)
12 DIVISION 13. FRATERNAL ORGANIZATION PROPERTY
13 (35 ILCS 200/10-350 new)
14 Sec. 10-350. Fraternal organization assessment freeze.
15 (a) For the taxable year 2001 and thereafter, the
16 assessed value of real property owned and used by a fraternal
17 organization, or its subordinate organization or entity, that
18 is an exempt entity under Section 501(c)(8) of the Internal
19 Revenue Code and whose members provide, directly or
20 indirectly, financial support for charitable works, which may
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1 include medical care, drug rehabilitation, or education,
2 shall be established by the chief county assessment officer
3 as follows:
4 (1) if the property meets the qualifications set
5 forth in this Section on January 1, 2001 and on January 1
6 of each subsequent assessment year, for assessment year
7 2001 and each subsequent assessment year, the final
8 assessed value of the property shall be 15% of the final
9 assessed value of the property for the assessment year
10 2000; or
11 (2) if the property first meets the qualifications
12 set forth in this Section on January 1 of any assessment
13 year after assessment year 2001 and on January 1 of each
14 subsequent assessment year, for that first assessment
15 year and each subsequent assessment year, the final
16 assessed value shall be 15% of the final assessed value
17 of the property for the assessment year in which the
18 property first meets the qualifications set forth in this
19 Section.
20 If, in any year, additions or improvements are made to
21 property subject to assessment under this Section and the
22 additions or improvements would increase the assessed value
23 of the property, then 15% of the final assessed value of the
24 additions or improvements shall be added to the final
25 assessed value of the property for the year in which the
26 additions or improvements are completed and for all
27 subsequent years that the property is eligible for assessment
28 under this Section.
29 (b) For purposes of this Section, "final assessed value"
30 means the assessed value after final board of review action.
31 (c) Fraternal organizations whose property is assessed
32 under this Section must annually submit an application to the
33 chief county assessment officer on or before (i) January 31
34 of the assessment year in counties with a population of
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1 3,000,000 or more and (ii) December 31 of the assessment year
2 in all other counties. The initial application must contain
3 the information required by the Department of Revenue, which
4 shall prepare the form, including:
5 (1) a copy of the organization's charter from the
6 State of Illinois, if applicable;
7 (2) the location or legal description of the
8 property on which is located the principal building for
9 the organization, including the PIN number, if available;
10 (3) a written instrument evidencing that the
11 organization is the record owner or has a legal or
12 equitable interest in the property;
13 (4) an affidavit that the organization is liable
14 for paying the real property taxes on the property; and
15 (5) the signature of the organization's chief
16 presiding officer.
17 Subsequent applications shall include any changes in the
18 initial application and shall affirm the ownership, use, and
19 liability for taxes for the year in which it is submitted.
20 All applications shall be notarized.
21 (d) This Section does not apply to parcels exempt from
22 property taxes under this Code.
23 Section 10. The State Mandates Act is amended by adding
24 Section 8.24 as follows:
25 (30 ILCS 805/8.24 new)
26 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
27 and 8 of this Act, no reimbursement by the State is required
28 for the implementation of any mandate created by this
29 amendatory Act of the 91st General Assembly.
30 Section 99. Effective Date. This Act takes effect on
31 January 1, 2001.".