Bill Text: IL HB2896 | 2023-2024 | 103rd General Assembly | Introduced

---

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB2896 Detail]

Download: Illinois-2023-HB2896-Introduced.html

---

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
HB2896 LRB103 05704 HLH 50723 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Section 15-15 as follows:
(35 ILCS 200/15-15)
Sec. 15-15. Obligation to file copies of leases or
agreements.
(a) If any property listed as exempt by the chief county
assessment officer is leased, loaned or otherwise made
available for profit, the titleholder or the owner of the
beneficial interest shall file with the assessment officer a
copy of all such leases or agreements and a complete
description of the premises, so the chief county assessment
officer can ascertain the exact size and location of the
premises in order to create a tax parcel.
(b) Failure to file such leases, agreements or
descriptions shall, in the discretion of the chief county
assessment officer, constitute cause to terminate the
exemption, notwithstanding any other provision of this Code.
If the titleholder or the owner of the beneficial interest
fails to comply with the requirements of subsection (a) and no
other party to the lease or agreement does so, then,

HB2896 - 2 - LRB103 05704 HLH 50723 b
notwithstanding any other provision of law, 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.
(Source: P.A. 87-895; 87-1189; 88-455.)