Illinois 2023-2024 Regular Session

Illinois House Bill HB2896 Compare Versions

Only one version of the bill is available at this time.

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1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2896 Introduced , by Rep. Lakesia Collins SYNOPSIS AS INTRODUCED: 35 ILCS 200/15-15 Amends the Property Tax Code. In provisions concerning the obligation of the titleholder or owner of a beneficial interest in exempt property to file a copy of certain leases or agreements with the chief county assessment officer, provides that, if the titleholder or the owner of the beneficial interest fails to comply with those provisions and no other party to the lease or agreement does so, then the titleholder or the owner of the beneficial interest shall be liable for any unpaid taxes up to the amount received under the lease or agreement by the titleholder or owner of the beneficial interest. LRB103 05704 HLH 50723 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2896 Introduced , by Rep. Lakesia Collins SYNOPSIS AS INTRODUCED: 35 ILCS 200/15-15 35 ILCS 200/15-15 Amends the Property Tax Code. In provisions concerning the obligation of the titleholder or owner of a beneficial interest in exempt property to file a copy of certain leases or agreements with the chief county assessment officer, provides that, if the titleholder or the owner of the beneficial interest fails to comply with those provisions and no other party to the lease or agreement does so, then the titleholder or the owner of the beneficial interest shall be liable for any unpaid taxes up to the amount received under the lease or agreement by the titleholder or owner of the beneficial interest. LRB103 05704 HLH 50723 b LRB103 05704 HLH 50723 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2896 Introduced , by Rep. Lakesia Collins SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/15-15 35 ILCS 200/15-15
4	4	35 ILCS 200/15-15
5	5	Amends the Property Tax Code. In provisions concerning the obligation of the titleholder or owner of a beneficial interest in exempt property to file a copy of certain leases or agreements with the chief county assessment officer, provides that, if the titleholder or the owner of the beneficial interest fails to comply with those provisions and no other party to the lease or agreement does so, then the titleholder or the owner of the beneficial interest shall be liable for any unpaid taxes up to the amount received under the lease or agreement by the titleholder or owner of the beneficial interest.
6	6	LRB103 05704 HLH 50723 b LRB103 05704 HLH 50723 b
7	7	LRB103 05704 HLH 50723 b
8	8	A BILL FOR
9	9	HB2896LRB103 05704 HLH 50723 b HB2896 LRB103 05704 HLH 50723 b
10	10	HB2896 LRB103 05704 HLH 50723 b
11	11	1 AN ACT concerning revenue.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Property Tax Code is amended by changing
15	15	5 Section 15-15 as follows:
16	16	6 (35 ILCS 200/15-15)
17	17	7 Sec. 15-15. Obligation to file copies of leases or
18	18	8 agreements.
19	19	9 (a) If any property listed as exempt by the chief county
20	20	10 assessment officer is leased, loaned or otherwise made
21	21	11 available for profit, the titleholder or the owner of the
22	22	12 beneficial interest shall file with the assessment officer a
23	23	13 copy of all such leases or agreements and a complete
24	24	14 description of the premises, so the chief county assessment
25	25	15 officer can ascertain the exact size and location of the
26	26	16 premises in order to create a tax parcel.
27	27	17 (b) Failure to file such leases, agreements or
28	28	18 descriptions shall, in the discretion of the chief county
29	29	19 assessment officer, constitute cause to terminate the
30	30	20 exemption, notwithstanding any other provision of this Code.
31	31	21 If the titleholder or the owner of the beneficial interest
32	32	22 fails to comply with the requirements of subsection (a) and no
33	33	23 other party to the lease or agreement does so, then,
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2896 Introduced , by Rep. Lakesia Collins SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/15-15 35 ILCS 200/15-15
39	39	35 ILCS 200/15-15
40	40	Amends the Property Tax Code. In provisions concerning the obligation of the titleholder or owner of a beneficial interest in exempt property to file a copy of certain leases or agreements with the chief county assessment officer, provides that, if the titleholder or the owner of the beneficial interest fails to comply with those provisions and no other party to the lease or agreement does so, then the titleholder or the owner of the beneficial interest shall be liable for any unpaid taxes up to the amount received under the lease or agreement by the titleholder or owner of the beneficial interest.
41	41	LRB103 05704 HLH 50723 b LRB103 05704 HLH 50723 b
42	42	LRB103 05704 HLH 50723 b
43	43	A BILL FOR
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49	49	35 ILCS 200/15-15
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53	53	LRB103 05704 HLH 50723 b
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66	66	HB2896- 2 -LRB103 05704 HLH 50723 b HB2896 - 2 - LRB103 05704 HLH 50723 b
67	67	HB2896 - 2 - LRB103 05704 HLH 50723 b
68	68	1 notwithstanding any other provision of law, the titleholder or
69	69	2 the owner of the beneficial interest shall be liable for any
70	70	3 unpaid taxes up to the amount received under the lease or
71	71	4 agreement by the titleholder or owner of the beneficial
72	72	5 interest.
73	73	6 (Source: P.A. 87-895; 87-1189; 88-455.)
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79	79	HB2896 - 2 - LRB103 05704 HLH 50723 b