95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0077


 
Introduced 1/31/2007, by Sen. Susan Garrett
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/21-27









    Amends the Property Tax Code. Sets forth criteria under which a county board may adopt a resolution to waive an
interest penalty for the delinquent payment of taxes with respect to property that qualifies as a brownfield site under federal law. 
















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FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











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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 
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Section 21-27 as follows:
 



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    (35 ILCS 200/21-27)



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    Sec. 21-27. Waiver of interest penalty. 
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    (a) On the recommendation
of the county treasurer, the 
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county board may adopt a resolution under which an
interest 
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penalty for the delinquent payment of taxes for any year that

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otherwise would be imposed under Section 21-15, 21-20, or 21-25 
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shall be waived
in the case of any person who meets all of the 
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following criteria:


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        (1) The person is determined eligible for a grant under 
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    the Senior
Citizens and Disabled Persons Property Tax 
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    Relief and Pharmaceutical Assistance
Act with respect to 
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    the taxes for that year.


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        (2) The person requests, in writing, on a form approved 
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    by the county
treasurer, a waiver of the interest penalty, 
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    and the request is filed with the
county treasurer on or 
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    before the first day of the month that an installment of

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    taxes is due.


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        (3) The person pays the installment of taxes due, in 
 


 






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    full, on or before
the third day of the month that the 
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    installment is due.


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        (4) The county treasurer approves the request for a 
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    waiver.

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    (b) With respect to property that qualifies as a brownfield 
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site under 42 U.S.C. 9601(39), the county board, upon the 
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recommendation
of the county treasurer, may adopt a resolution 
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to waive an
interest penalty for the delinquent payment of 
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taxes for any year that
otherwise would be imposed under 
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Section 21-15, 21-20, or 21-25 if all of the following criteria 
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are met:
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        (1) the property has delinquent taxes and an 
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    outstanding interest penalty and the amount of that 
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    interest penalty is so large as to, possibly, result in all 
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    of the taxes becoming uncollectible;
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        (2) the property is part of a redevelopment plan of a 
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    unit of local government and that unit of local government 
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    does not oppose the waiver of the interest penalty;
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        (3) the redevelopment of the property will benefit the 
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    public interest by eliminating the brownfield 
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    contamination;
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        (4) the taxpayer delivers to the county treasurer (i) a 
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    written request for a waiver of the interest penalty, on a 
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    form approved by the county
treasurer, and (ii) a copy of 
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    the redevelopment plan for the property;
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        (5) the taxpayer pays, in full, the amount of up to the 
 


 






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    amount of the first 2 installments of taxes due, to be held 
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    in escrow pending the approval of the waiver, and enters 
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    into an agreement with the county treasurer setting forth a 
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    schedule for the payment of any remaining taxes due; and
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        (6) the county treasurer approves the request for a 
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    waiver.
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(Source: Incorporates P.A. 88-221; 88-670, eff. 12-2-94)