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Public Act 094-0362
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| HB0829 Enrolled |
LRB094 07310 BDD 37468 b |
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AN ACT concerning taxes.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing |
Section 21-330 as follows:
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(35 ILCS 200/21-330)
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Sec. 21-330. Fund for payment of interest. In counties of |
under 3,000,000
inhabitants, the county board may impose a fee |
of up to $60, which shall be
paid
to the county collector, upon |
each person purchasing any property at a sale
held under this |
Code, prior to the issuance of any certificate of purchase.
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Each person purchasing
any
property at a sale held under this |
Code in a county with 3,000,000 or more
inhabitants shall pay |
to the county collector,
prior to the issuance of any |
certificate of purchase, a fee of $100 for each
item purchased. |
That amount shall be included in the
price paid for the |
certificate of purchase and the amount required to redeem
under |
Section 21-355.
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All sums of money received under this Section shall be paid |
by the
collector to the county treasurer of the county in which |
the property is
situated for deposit into a special fund. It
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shall be the duty of the county treasurer, as trustee of the |
fund, to
invest the principal and income of the fund from time |
to time, if not
immediately required for payments under this |
Section, in investments as are
authorized by Sections 3-10009 |
and 3-11002 of the Counties Code. The fund
shall be held to pay |
interest and costs
by the county treasurer as trustee of the |
fund. No payment shall be made
from the fund except by order of |
the court declaring a sale in error under
Section 21-310, |
22-35, or 22-50
or by declaration of the county collector under |
subsection (c) of Section
21-310.
Any moneys accumulated in the |
fund by the county treasurer in excess of (i) $100,000 in |
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counties with 250,000 or less inhabitants or (ii) $500,000 in |
counties with more than 250,000 inhabitants shall be paid each |
year prior to the commencement of the
annual tax sale, first to |
satisfy
any existing unpaid judgments entered pursuant to |
Section 21-295, and any funds
remaining thereafter shall be |
paid to the general fund of the county.
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(Source: P.A. 92-224, eff. 1-1-02; 92-729, eff. 7-25-02.)
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Section 10. The Mobile Home Local Services Tax Enforcement |
Act is amended by changing Section 275 as follows:
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(35 ILCS 516/275)
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Sec. 275. Fund for payment of interest. In counties of |
under 3,000,000
inhabitants, the county board may impose a fee |
of up to $10, which shall be
paid to the county collector, upon |
each person purchasing any mobile home at a
sale held under |
this Act, prior to the issuance of any certificate of purchase.
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That amount shall be included in the price paid for the
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certificate of purchase and the amount required to redeem under |
Section 300.
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All sums of money received under this Section shall be paid |
by the
collector to the county treasurer of the county in which |
the mobile home is
situated for deposit into a special fund. It
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shall be the duty of the county treasurer, as trustee of the |
fund, to
invest the principal and income of the fund from time |
to time, if not
immediately required for payments under this |
Section, in investments as are
authorized by Sections 3-10009 |
and 3-11002 of the Counties Code. The fund
shall be held to |
satisfy orders for payment of interest and costs obtained
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against the county treasurer as trustee of the fund. No payment |
shall be made
from the fund except by order of the court |
declaring a sale in error under
Section 255. Any moneys |
accumulated in the fund by the county treasurer in
excess of |
(i) $100,000 in counties with 250,000 or less inhabitants or |
(ii) $500,000 in counties with more than 250,000 inhabitants
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shall be paid each year prior to the commencement of the
annual |