OSTERMAN. 35 ILCS 200/20-177 new Amends the Property Tax Code. Provides that when a refund for an erroneous assessment or overpayment is sought by a third party on behalf of a taxpayer and that third party seeks compensation for obtaining the refund, (i) compensation to the third party is limited to a maximum of 20% of the refund, (ii) the third party must file with the county collector a written retainer conspicuously disclosing the amount of the compensation to the third party, (iii) the third party must provide full information as to the name and address of the taxpayer so that a check for the taxpayer's portion of the refund can be provided directly to the taxpayer, and (iv) the third party must provide the county collector with the appropriate Internal Revenue Service forms and the county collector must annually report the income paid to the third party to the Internal Revenue Service and the Illinois Department of Revenue. Effective immediately. JAN-10-2002 H FILED WITH CLERK JAN-10-2002 H FIRST READING JAN-10-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary