Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Illinois Compiled Statutes

 ILCS Listing   Public Acts  Search   Guide   Disclaimer

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

35 ILCS 120/5c

    (35 ILCS 120/5c) (from Ch. 120, par. 444c)
    (Text of Section before amendment by P.A. 100-22)
    Sec. 5c. Upon payment by the taxpayer to the Department in cash or by guaranteed remittance of an amount representing the filing fee for the lien and the filing fee for the release of that lien, the Department shall issue a certificate of complete or partial release of the lien and file that complete or partial release of lien with the recorder of the county where the lien was filed:
        (a) to the extent that the fair market value of any
    
property subject to the lien exceeds the amount of the lien plus the amount of all prior liens upon such property;
        (b) to the extent that such lien shall become
    
unenforceable;
        (c) to the extent that the amount of such lien is
    
paid by the retailer whose property is subject to such lien, together with any interest which may become due under Section 5 of this Act between the date when the notice of lien is filed and the date when the amount of such lien is paid;
        (d) to the extent that there is furnished to the
    
Department on a form to be approved and with a surety or sureties satisfactory to the Department a bond that is conditioned upon the payment of the amount of such lien, together with any interest which may become due under Section 5 of this Act after the notice of lien is filed, but before the amount thereof is fully paid;
        (e) to the extent and under the circumstances
    
specified in Section 5a of this Act in the case of jeopardy assessment liens;
        (f) to the extent to which an assessment is reduced
    
pursuant to a rehearing or departmental review under Section 4 or Section 5 of this Act.
    A certificate of complete or partial release of any lien shall be held conclusive that the lien upon the property covered by the certificate is extinguished to the extent indicated by such certificate.
(Source: P.A. 92-826, eff. 1-1-03.)
 
    (Text of Section after amendment by P.A. 100-22)
    Sec. 5c. Upon payment by the taxpayer to the Department in cash or by guaranteed remittance of an amount representing the filing fee for the lien and the filing fee for the release of that lien, the Department shall issue a certificate of complete or partial release of the lien and file that complete or partial release of lien in the State Tax Lien Registry:
        (a) to the extent that the fair market value of any
    
property subject to the lien exceeds the amount of the lien plus the amount of all prior liens upon such property;
        (b) to the extent that such lien shall become
    
unenforceable;
        (c) to the extent that the amount of such lien is
    
paid by the retailer whose property is subject to such lien, together with any interest which may become due under Section 5 of this Act between the date when the notice of lien is filed and the date when the amount of such lien is paid;
        (d) to the extent that there is furnished to the
    
Department on a form to be approved and with a surety or sureties satisfactory to the Department a bond that is conditioned upon the payment of the amount of such lien, together with any interest which may become due under Section 5 of this Act after the notice of lien is filed, but before the amount thereof is fully paid;
        (e) to the extent and under the circumstances
    
specified in Section 5a of this Act in the case of jeopardy assessment liens;
        (f) to the extent to which an assessment is reduced
    
pursuant to a rehearing or departmental review under Section 4 or Section 5 of this Act.
    A certificate of complete or partial release of any lien shall be held conclusive that the lien upon the property covered by the certificate is extinguished to the extent indicated by such certificate.
(Source: P.A. 100-22, eff. 1-1-18.)