HB4668 96TH GENERAL ASSEMBLY

LRB096 15402 HLH 30564 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4668

Introduced , by Rep. Arthur L. Turner

SYNOPSIS AS INTRODUCED:

35 ILCS 200/20-178

Amends the Property Tax Code. Provides that, with respect to certificates of error issued on and after the effective date of the amendatory Act that are presented to the circuit court, interest shall be paid from 60 days after the certificate of error is adjudicated by the circuit court (instead of 60 days after the certificate of error is issued). Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

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 20-178 as follows:

(35 ILCS 200/20-178)

Sec. 20-178. Certificate of error; refund; interest. When the county collector makes any refunds due on certificates of error issued under Sections 14-15 through 14-25 that have been either certified or adjudicated, the county collector shall pay the taxpayer interest on the amount of the refund at the rate of 0.5% per month.

No interest shall be due under this Section for any time prior to 60 days after the effective date of this amendatory Act of the 91st General Assembly. For certificates of error issued prior to the effective date of this amendatory Act of the 91st General Assembly, the county collector shall pay the taxpayer interest from 60 days after the effective date of this amendatory Act of the 91st General Assembly until the date the refund is paid. For certificates of error issued on or after the effective date of this amendatory Act of the 91st General Assembly and prior to the effective date of this amendatory Act of the 96th General Assembly, interest shall be paid from 60 days after the certificate of error is issued by the chief county assessment officer to the date the refund is made. For certificates of error issued on or after the effective date of this amendatory Act of the 96th General Assembly and which are presented to the circuit court pursuant to Section 14-15 of this Code, interest shall be paid from 60 days after the certificate of error is adjudicated by the circuit court to the date the refund is made. For certificates of error issued on or after the effective date of this amendatory Act of the 96th General Assembly and which are not presented to the circuit court pursuant to Section 14-15 of this Code, interest shall be paid from 60 days after the certificate of error is issued by the chief county assessment officer to the date the refund is made. To cover the cost of interest, the county collector shall proportionately reduce the distribution of taxes collected for each taxing district in which the property is situated.

This Section shall not apply to any certificate of error granting a homestead exemption under Section 15-170, 15-172, 15-175, 15-176, or 15-177.

(Source: P.A. 95-644, eff. 10-12-07.)

Section 99. Effective date. This Act takes effect upon becoming law.