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Public Act 096-1351
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| HB5603 Enrolled | LRB096 17895 HLH 33263 b |
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Property Tax Code is amended by adding |
Section 20-27 as follows:
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(35 ILCS 200/20-27 new) |
Sec. 20-27. Reimbursement of tax proceeds for annexed |
property. Notwithstanding any other provision of law, |
beginning in taxable year 2010, if property is annexed to a |
municipality under Section 7-1-13 of the Illinois Municipal |
Code at any time during the taxable year, any taxpayer who is |
liable for paying property taxes on the property during the |
taxable year may apply to the municipality for a refund of the |
amount of property taxes (i) paid by the taxpayer, (ii) |
distributed to the municipality, and (ii) attributable to the |
annexed property for the portion of the taxable year during |
which the property was not included in the municipality. The |
municipality shall refund those amounts to the taxpayer within |
60 days after the application is received. |
A home rule unit may not regulate the collection or |
distribution of tax proceeds in a manner inconsistent with this |
Section. This
subsection is a limitation under subsection (i) |
of Section 6 of Article VII of
the Illinois Constitution on the |