SB2395sam001 103RD GENERAL ASSEMBLY

Sen. Ram Villivalam

Filed: 3/22/2023

10300SB2395sam001 LRB103 29197 HLH 59520 a

AMENDMENT TO SENATE BILL 2395

AMENDMENT NO. ______. Amend Senate Bill 2395 on page 4, line 2, by replacing "Any" with "In counties with 3,000,000 or more inhabitants, any Any"; and

on page 4, line 7, by replacing "Any" with "In counties with 3,000,000 or more inhabitants, any"; and

on page 8, line 23, after "law,", by inserting "in counties with fewer than 3,000,000 inhabitants,"; and

on page 9, line 4, after "thereof.", by inserting "Notwithstanding any other provision of law, in counties with 3,000,000 or more inhabitants, if a taxpayer owes an arrearage of taxes due to an administrative error, and if the county collector sends a separate bill for that arrearage as provided in Section 14-41, then any part of the arrearage of taxes that remains unpaid on the day after the due date specified on that tax bill shall be deemed delinquent and shall bear interest after that date at the rate of: (i) 1 1/2% per month or portion thereof for tax years prior to 2023; or (ii) 0.75% per month or portion thereof for tax years 2023 and thereafter."; and

by replacing everything from line 16 on page 14 through line 4 on page 15 with the following:

"(35 ILCS 200/21-45)

Sec. 21-45. Failure to issue tax bill in prior year. In the event no tax bill was issued as provided in Section 21-30, on any property in any previous year for any reason, one tax bill shall be prepared and mailed by July 1 of the year subsequent to the year in which no tax bill was issued, and taxes on that property for that year only shall bear interest after the first day of August of that year. In counties with fewer than 3,000,000 inhabitants, interest shall accrue at the rate of 1 1/2% per month or portion thereof until paid or forfeited. In counties with 3,000,000 or more inhabitants, if the taxes are for a tax year prior to tax year 2023, then interest shall accrue at the rate of 1 1/2% per month or portion thereof until paid or forfeited. In counties with 3,000,000 or more inhabitants, if the taxes are for the 2023 tax year or a subsequent tax year, then interest shall accrue at the rate of 0.75% per month or portion thereof until paid or forfeited.

(Source: P.A. 87-17; 88-455.)"; and

on page 18, by replacing lines 8 through 18 with the following:

"(d) In counties with fewer than 3,000,000 inhabitants, any Any amount paid to redeem a forfeiture occurring subsequent to the tax sale together with 12% penalty thereon for each year or portion thereof intervening between the date of the forfeiture redemption and the date of redemption from the sale. In counties with 3,000,000 or more inhabitants, for tax years prior to tax year 2023, any amount paid to redeem a forfeiture occurring subsequent to the tax sale together with 12% penalty thereon for each year or portion thereof intervening between the date of the forfeiture redemption and the date of redemption from the sale. In counties with 3,000,000 or more inhabitants, for tax year 2023 or any tax year thereafter, any amount paid to redeem a forfeiture occurring subsequent to the tax sale together with 0.75% penalty thereon for each month or portion thereof intervening between the date of the forfeiture redemption and the date of redemption from the sale.".