Senate Sponsors: SILVERSTEIN. House Sponsors: CURRIE-DAVIS,MONIQUE Short description: PROP TX-SENIOR HMSTD EXEMPTN Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that for the purpose of the Senior Citzens Homestead Exemption the maximum reduction from the value of a life care facility shall be multiplied by the number of apartments or units occupied by persons 65 years or older who are liable for paying property taxes on the property. FISCAL NOTE (Department of Revenue) Fiscal impact does not affect State revenues, only those received by local taxing districts. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/15-170 Adds reference to: 35 ILCS 200/16-125 35 ILCS 200/16-169 new 35 ILCS 200/16-170 35 ILCS 200/16-180 Deletes everything. Amends the provisions concerning the Property Tax Appeal Board in the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, for valuation in appeals that concern a request for a change in assessed value of $100,000 or more for commercial or industrial property, the taxpayer shall submit certain valuation and sale information concerning the subject property for the period beginning 2 years prior to the end of subject tax year and up to the end of the subject tax year. For hearings concerning property in counties with 3,000,000 or more inhabitants when the appeal requests a change in assessed value of $100,000 or more, sets forth specific notice timelines and requires the filing of certain documentation with the Board and the tender of the documentation to the opposing party. Provides that the Board shall (now, may) require the production of information deemed material to make a just decision. Provides that when market value is the basis of an appeal, the appellant has the burden of proving each contested fact by a preponderance of the evidence and that when uniformity is the basis for an appeal, the appellant has the burden of proving each contested fact by clear and convincing evidence. Provides that where property is classified for purposes of taxation and a classification ordinance has been adopted, the correct assessment for property other than residential property of 6 units of less shall be determined by debasing the market value of the subject property by the ordinance level for that class of property. In a Section concerning hearings held by boards of review in counties with 3,000,000 or more inhabitants, provides that the board may destroy or otherwise dispose of complaints and records pertaining thereto after the lapse of 5 (now, 10) years from the date of filing. Effective immediately. HOUSING AFFORDABILITY NOTE, H-AM 1 (Housing Development Auth.) There will be no fiscal effect on the cost of constructing, purchasing, owning, or selling a single family residence. HOME RULE NOTE, H-AM 1 (Department of Commerce and Community Affairs) SB747 (H-am 1) does not contain language indicating a pre-emp- tion of the powers and functions of home rule units. STATE MANDATES NOTE, H-AM 1 (Department of Commerce and Community Affairs) SB747 (H-am 1) creates a due process mandate for which reim- bursement by the State is not required. An estimate of the cost to units of local government is not available. FISCAL NOTE, H-AM 1 (Department of Revenue) This legislation affects only local taxing districts and local taxpayers and does not create a fiscal impact for the Depart- ment or the State. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status