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| [ Introduced ] | [ Enrolled ] | [ House Amendment 002 ] |
91_SB1249eng SB1249 Engrossed LRB9107254PTpk 1 AN ACT to amend the Longtime Owner-Occupant Property Tax 2 Relief Act by changing Section 15. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Longtime Owner-Occupant Property Tax 6 Relief Act is amended by changing Section 15 as follows: 7 (35 ILCS 250/15) 8 Sec. 15. Deferral or exemption authority. 9 (a) The corporate authorities of a county shall have the 10 power to provide, by ordinance or resolution, for uniform 11 special real property tax relief provisions granting longtime 12 owner-occupants a deferral or exemption, or combination 13 thereof, in the payment of that portion of an increase of 14 real property taxes which is due to an increase in the market 15 value of the real property as a consequence of the 16 refurbishing or renovating of other residences or the 17 construction of new residences in long-established 18 residential areas or areas of deteriorated, vacant or 19 abandoned homes and properties. A deferral or exemption, or 20 combination thereof, may be granted until the longtime 21 owner-occupant transfers title to the property. 22 The ordinance or resolution must include a provision 23 requiring that eligibility notification of the special real 24 property tax relief be delivered to the record owner of the 25 property taxed, the person in whose name the property is 26 taxed, or the owner or person at or in care of the address 27 of the mortgage lender for the property's mortgage. If the 28 notification is delivered to the owner or person at or in 29 care of the address of the mortgage lender, then the mortgage 30 lender must within 15 days after receiving the notification SB1249 Engrossed -2- LRB9107254PTpk 1 deliver an additional copy of the notification to each 2 mortgagor of the property at his or her last known address as 3 shown on the records of the mortgage lender. 4 (b) The corporate authority of a county is authorized to 5 enact ordinances or resolutions that provide for the 6 designation of areas eligible for the special real property 7 tax relief provisions under this Act. Before enacting an 8 ordinance or resolution that proposes designating such an 9 area, the corporate authorities shall conduct a public 10 hearing on the proposed ordinance or resolution. 11 (c) School districts and municipalities within a county 12 have authority to determine their participation in the 13 program of special real property tax relief within their 14 taxing jurisdictions. The provisions of this subsection shall 15 not apply to municipalities and school districts included 16 under subsection (d) of this Section. 17 (d) Notwithstanding any provision to the contrary, if 18 the corporate authority of a county with 3,000,000 or more 19 inhabitants enacts an ordinance or resolution in accordance 20 with subsection (c), a municipality having a population 21 exceeding 500,000 within that county and a school district in 22 a municipality having a population exceeding 500,000 within 23 that county must participate in the program of special 24 property tax relief within their taxing jurisdiction. This 25 subsection is a denial and limitation of home rule powers and 26 functions under subsection (g) of Section 6 of Article VII of 27 the Illinois Constitution. 28 (Source: P.A. 89-127, eff. 1-1-96; 90-648, eff. 7-24-98.)