Sen. Ram Villivalam

Filed: 3/22/2023

 

 


 

 


 
10300SB2395sam001LRB103 29197 HLH 59520 a

1
AMENDMENT TO SENATE BILL 2395

2    AMENDMENT NO. ______. Amend Senate Bill 2395 on page 4,
3line 2, by replacing "Any" with "In counties with 3,000,000 or
4more inhabitants, any Any"; and
 
5on page 4, line 7, by replacing "Any" with "In counties with
63,000,000 or more inhabitants, any"; and
 
7on page 8, line 23, after "law,", by inserting "in counties
8with fewer than 3,000,000 inhabitants,"; and
 
9on page 9, line 4, after "thereof.", by inserting
10"Notwithstanding any other provision of law, in counties with
113,000,000 or more inhabitants, if a taxpayer owes an arrearage
12of taxes due to an administrative error, and if the county
13collector sends a separate bill for that arrearage as provided
14in Section 14-41, then any part of the arrearage of taxes that
15remains unpaid on the day after the due date specified on that

 

 

10300SB2395sam001- 2 -LRB103 29197 HLH 59520 a

1tax bill shall be deemed delinquent and shall bear interest
2after that date at the rate of: (i) 1 1/2% per month or portion
3thereof for tax years prior to 2023; or (ii) 0.75% per month or
4portion thereof for tax years 2023 and thereafter."; and
 
5by replacing everything from line 16 on page 14 through line 4
6on page 15 with the following:
 
7    "(35 ILCS 200/21-45)
8    Sec. 21-45. Failure to issue tax bill in prior year. In the
9event no tax bill was issued as provided in Section 21-30, on
10any property in any previous year for any reason, one tax bill
11shall be prepared and mailed by July 1 of the year subsequent
12to the year in which no tax bill was issued, and taxes on that
13property for that year only shall bear interest after the
14first day of August of that year. In counties with fewer than
153,000,000 inhabitants, interest shall accrue at the rate of 1
161/2% per month or portion thereof until paid or forfeited. In
17counties with 3,000,000 or more inhabitants, if the taxes are
18for a tax year prior to tax year 2023, then interest shall
19accrue at the rate of 1 1/2% per month or portion thereof until
20paid or forfeited. In counties with 3,000,000 or more
21inhabitants, if the taxes are for the 2023 tax year or a
22subsequent tax year, then interest shall accrue at the rate of
230.75% per month or portion thereof until paid or forfeited.
24(Source: P.A. 87-17; 88-455.)"; and
 

 

 

10300SB2395sam001- 3 -LRB103 29197 HLH 59520 a

1on page 18, by replacing lines 8 through 18 with the following:
2        "(d) In counties with fewer than 3,000,000
3    inhabitants, any Any amount paid to redeem a forfeiture
4    occurring subsequent to the tax sale together with 12%
5    penalty thereon for each year or portion thereof
6    intervening between the date of the forfeiture redemption
7    and the date of redemption from the sale. In counties with
8    3,000,000 or more inhabitants, for tax years prior to tax
9    year 2023, any amount paid to redeem a forfeiture
10    occurring subsequent to the tax sale together with 12%
11    penalty thereon for each year or portion thereof
12    intervening between the date of the forfeiture redemption
13    and the date of redemption from the sale. In counties with
14    3,000,000 or more inhabitants, for tax year 2023 or any
15    tax year thereafter, any amount paid to redeem a
16    forfeiture occurring subsequent to the tax sale together
17    with 0.75% penalty thereon for each month or portion
18    thereof intervening between the date of the forfeiture
19    redemption and the date of redemption from the sale.".