Bill Amendment: IL HB4750 | 2023-2024 | 103rd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: PROP TX-TAX BILL INFORMATION

Status: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB4750 Detail]

Download: Illinois-2023-HB4750-House_Amendment_001.html

Rep. Harry Benton

Filed: 4/2/2024

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1
AMENDMENT TO HOUSE BILL 4750
2 AMENDMENT NO. ______. Amend House Bill 4750 by replacing
3everything after the enacting clause with the following:
4 "Section 5. The Property Tax Code is amended by changing
5Section 20-15 as follows:
6 (35 ILCS 200/20-15)
7 Sec. 20-15. Information on bill or separate statement.
8There shall be printed on each bill, or on a separate slip
9which shall be mailed with the bill:
10 (a) a statement itemizing the rate at which taxes have
11 been extended for each of the taxing districts in the
12 county in whose district the property is located, and in
13 those counties utilizing electronic data processing
14 equipment the dollar amount of tax due from the person
15 assessed allocable to each of those taxing districts,
16 including a separate statement of the dollar amount of tax

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1 due which is allocable to a tax levied under the Illinois
2 Local Library Act or to any other tax levied by a
3 municipality or township for public library purposes,
4 (b) a separate statement for each of the taxing
5 districts of the dollar amount of tax due which is
6 allocable to a tax levied under the Illinois Pension Code
7 or to any other tax levied by a municipality or township
8 for public pension or retirement purposes,
9 (b-5) a list of each tax increment financing (TIF)
10 district in which the property is located and the dollar
11 amount of tax due that is allocable to the TIF district,
12 (c) the total tax rate,
13 (d) the total amount of tax due, and
14 (e) the amount by which the total tax and the tax
15 allocable to each taxing district differs from the
16 taxpayer's last prior tax bill.
17 The county treasurer shall ensure that only those taxing
18districts in which a parcel of property is located shall be
19listed on the bill for that property.
20 In all counties the statement shall also provide:
21 (1) the property index number or other suitable
22 description,
23 (2) the assessment of the property,
24 (3) the statutory amount of each homestead exemption
25 applied to the property,
26 (4) the assessed value of the property after

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1 application of all homestead exemptions,
2 (5) the equalization factors imposed by the county and
3 by the Department, and
4 (6) the equalized assessment resulting from the
5 application of the equalization factors to the basic
6 assessment.
7 In all counties which do not classify property for
8purposes of taxation, for property on which a single family
9residence is situated the statement shall also include a
10statement to reflect the fair cash value determined for the
11property. In all counties which classify property for purposes
12of taxation in accordance with Section 4 of Article IX of the
13Illinois Constitution, for parcels of residential property in
14the lowest assessment classification the statement shall also
15include a statement to reflect the fair cash value determined
16for the property.
17 In all counties, the statement must include information
18that certain taxpayers may be eligible for tax exemptions,
19abatements, and other assistance programs and that, for more
20information, taxpayers should consult with the office of their
21township or county assessor and with the Illinois Department
22of Revenue. For bills mailed on or after January 1, 2026, the
23statement must include, in bold face type, a list of
24exemptions available to taxpayers, the deadlines for applying
25for those exemptions, and contact information for the township
26and county assessor and the Department of Revenue.

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