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Public Act 096-0490
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| SB2125 Enrolled |
LRB096 04176 RCE 14218 b |
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AN ACT concerning revenue.
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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 21-30 as follows:
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(35 ILCS 200/21-30)
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Sec. 21-30. Accelerated billing. Except as provided in this |
Section, Section 9-260, and Section 21-40, in
counties with
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3,000,000 or more inhabitants, by January 31 annually, |
estimated tax bills
setting out the first installment of |
property taxes for the preceding year,
payable in that year, |
shall be prepared and mailed. The first installment of
taxes on |
the estimated tax bills shall be computed at (i) 50% of the |
total of each
tax bill for the preceding year for taxes payable |
on or before December 31, 2009, and (ii) 55% of the total of |
each tax bill for the preceding year beginning with the first |
installment payable in 2010.
If, prior to the preparation of |
the estimated tax bills, a certificate of
error has been either |
approved by a court on or before November 30 of the
preceding |
year or certified pursuant to Section 14-15 on or before |
November 30
of the preceding year, then the first installment |
of taxes on the estimated tax
bills shall be computed at (i) |
50% of the total taxes for the preceding year as
corrected by |
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the certificate of error for taxes payable on or before |
December 31, 2009, and (ii) 55% of the total taxes for the |
preceding year, as
corrected by the certificate of error, |
beginning with the first installment payable in 2010.
By June |
30 annually, actual tax bills shall
be prepared and mailed. |
These bills shall set out total taxes due and the
amount of |
estimated taxes billed in the first installment, and shall |
state
the balance of taxes due for that year as represented by |
the sum derived
from subtracting the amount of the first |
installment from the total taxes due
for that year.
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The county board may provide by ordinance, in counties with |
3,000,000 or more
inhabitants, for taxes to be paid in 4 |
installments. For the levy year for
which the ordinance is |
first effective and each subsequent year, estimated tax
bills |
setting out the first, second, and third installment of taxes |
for the
preceding year, payable in that year, shall be prepared |
and mailed not later
than the date specified by ordinance. Each |
installment on estimated tax bills
shall be computed at 25% of |
the total of each tax bill for the preceding year.
By the date |
specified in the ordinance, actual tax bills shall be prepared |
and
mailed. These bills shall set out total taxes due and the |
amount of estimated
taxes billed in the first, second, and |
third installments and shall state the
balance of taxes due for |
that year as represented by the sum derived from
subtracting |
the amount of the estimated installments from the total taxes |
due
for that year.
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The county board of any county with less than 3,000,000 |
inhabitants may, by
ordinance or resolution, adopt an |
accelerated method of tax billing.
The county board may |
subsequently rescind the ordinance or resolution and
revert to |
the method otherwise provided for in this Code.
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(Source: P.A. 93-560, eff. 8-20-03; 94-312, eff. 7-25-05.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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