HomeMy WebLinkAboutORDINANCE - 1987 - 9/27/1988 - REAL ESTATE TRANSFER TAX/SENIORSNO. 1987
AN ORDINANCE AMENDING SECTION 18.5908 B-4
PERTAINING TO SENIOR CITIZEN REFUNDS OF ARTICLE LIX,
REAL ESTATE TRANSFER TAX OF CHAPTER 18 OF THE MUNICIPAL CODE
BE IT ORDAINED by the President and Board of Trustees of
the Village of Elk Grove Village, Counties of Cook and DuPage,
Illinois as follows:
Section 1: That Section 18.5908 B-4 of the Municipal Code
be and the same is hereby amended to read as follows:
4. That if such property was owned by more than
one person, at least one of such owners is sixty-
five (65) years of age or older, and said person
has owned and occupied the dwelling as his prin-
cipal residence for more than one (1) year prior
to its sale, and he did not rent or lease any
portion(s) of the dwelling or real property to
any other person(s).
In the event any co-owner who is sixty-five (65)
years of age or older dies prior to the sale of
a qualifying dwelling, the surviving co-owner
who is at least sixty (60) years of age at the
time of the sale of said dwelling shall be en-
titled to claim the above refund.
Section 2: That this Ordinance shall be in full force
and effect from and after its passage and approval according
to law.
VOTES: AYES: 6
ATTEST:
Patricia S. Smith
VILLAGE CLERK
NAYS: 0 ABSENT: 0
APPROVED:
Charles J. Zettek
VILLAGE PRESIDENT
PASSED this 27th day of September 1988.
APPROVED this 27th day of September 1988.