Full Text of HB5774 101st General Assembly
HB5774 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB5774 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that, for taxable year 2019 (payable in 2020), interest penalties shall be waived for the delinquent payment of any property tax installment. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Property Tax Code is amended by changing | 5 | | Section 21-27 as follows:
| 6 | | (35 ILCS 200/21-27)
| 7 | | Sec. 21-27. Waiver of interest penalty. | 8 | | (a) On the recommendation
of the county treasurer, the | 9 | | county board may adopt a resolution under which an
interest | 10 | | penalty for the delinquent payment of taxes for any year that
| 11 | | otherwise would be imposed under Section 21-15, 21-20, or 21-25 | 12 | | shall be waived
in the case of any person who meets all of the | 13 | | following criteria:
| 14 | | (1) The person is determined eligible for a grant under | 15 | | the Senior
Citizens and Persons with Disabilities Property | 16 | | Tax Relief
Act with respect to the taxes for that year.
| 17 | | (2) The person requests, in writing, on a form approved | 18 | | by the county
treasurer, a waiver of the interest penalty, | 19 | | and the request is filed with the
county treasurer on or | 20 | | before the first day of the month that an installment of
| 21 | | taxes is due.
| 22 | | (3) The person pays the installment of taxes due, in | 23 | | full, on or before
the third day of the month that the |
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| 1 | | installment is due.
| 2 | | (4) The county treasurer approves the request for a | 3 | | waiver.
| 4 | | (b) With respect to property that qualifies as a brownfield | 5 | | site under Section 58.2 of the Environmental Protection Act, | 6 | | the county board, upon the recommendation
of the county | 7 | | treasurer, may adopt a resolution to waive an
interest penalty | 8 | | for the delinquent payment of taxes for any year that
otherwise | 9 | | would be imposed under Section 21-15, 21-20, or 21-25 if all of | 10 | | the following criteria are met: | 11 | | (1) the property has delinquent taxes and an | 12 | | outstanding interest penalty and the amount of that | 13 | | interest penalty is so large as to, possibly, result in all | 14 | | of the taxes becoming uncollectible; | 15 | | (2) the property is part of a redevelopment plan of a | 16 | | unit of local government and that unit of local government | 17 | | does not oppose the waiver of the interest penalty; | 18 | | (3) the redevelopment of the property will benefit the | 19 | | public interest by remediating the brownfield | 20 | | contamination; | 21 | | (4) the taxpayer delivers to the county treasurer (i) a | 22 | | written request for a waiver of the interest penalty, on a | 23 | | form approved by the county
treasurer, and (ii) a copy of | 24 | | the redevelopment plan for the property; | 25 | | (5) the taxpayer pays, in full, the amount of up to the | 26 | | amount of the first 2 installments of taxes due, to be held |
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| 1 | | in escrow pending the approval of the waiver, and enters | 2 | | into an agreement with the county treasurer setting forth a | 3 | | schedule for the payment of any remaining taxes due; and | 4 | | (6) the county treasurer approves the request for a | 5 | | waiver. | 6 | | (c) For the 2019 taxable year (payable in 2020) only, | 7 | | interest penalties for the delinquent payment of any | 8 | | installment of taxes for the 2019 taxable year that otherwise | 9 | | would be imposed under Section 21-15, 21-20, or 21-25 shall be | 10 | | waived for all taxpayers. | 11 | | (Source: P.A. 99-143, eff. 7-27-15.)
| 12 | | Section 99. Effective date. This Act takes effect upon | 13 | | becoming law.
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