96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB2125


 
Introduced 2/20/2009, by Sen. Louis S. Viverito
 
SYNOPSIS AS INTRODUCED:
 		








  



35 ILCS 200/21-30









    Amends the Property Tax Code.  In a Section concerning property tax installments in counties with 3,000,000 or more inhabitants, provides that, beginning with taxes payable in 2010, the first installment shall be computed at 55% (instead of 50%) of the total of each tax bill for the preceding year.  Effective immediately.
















LRB096 04176 RCE 14218 b

















 


 


A BILL FOR









 











SB2125

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 
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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 
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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, 
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estimated tax bills
setting out the first installment of 
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property taxes for the preceding year,
payable in that year, 
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shall be prepared and mailed. The first installment of
taxes on 
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the estimated tax bills shall be computed at (i) 50% of the 
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total of each
tax bill for the preceding year for taxes payable 
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on or before December 31, 2009, and (ii) 55% of the total of 
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each tax bill for the preceding year beginning with the first 
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installment payable in 2010.
If, prior to the preparation of 
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the estimated tax bills, a certificate of
error has been either 
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approved by a court on or before November 30 of the
preceding 
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year or certified pursuant to Section 14-15 on or before 
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November 30
of the preceding year, then the first installment 
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of taxes on the estimated tax
bills shall be computed at (i) 
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50% of the total taxes for the preceding year as
corrected by 
 


 






SB2125
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LRB096 04176 RCE 14218 b




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the certificate of error for taxes payable on or before 
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December 31, 2009, and (ii) 55% of the total taxes for the 
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preceding year, as
corrected by the certificate of error, 
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beginning with the first installment payable in 2010.
By June 
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30 annually, actual tax bills shall
be prepared and mailed. 
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These bills shall set out total taxes due and the
amount of 
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estimated taxes billed in the first installment, and shall 
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state
the balance of taxes due for that year as represented by 
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the sum derived
from subtracting the amount of the first 
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installment from the total taxes due
for that year.

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    The county board may provide by ordinance, in counties with 
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3,000,000 or more
inhabitants, for taxes to be paid in 4 
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installments.  For the levy year for
which the ordinance is 
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first effective and each subsequent year, estimated tax
bills 
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setting out the first, second, and third installment of taxes 
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for the
preceding year, payable in that year, shall be prepared 
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and mailed not later
than the date specified by ordinance.  Each 
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installment on estimated tax bills
shall be computed at 25% of 
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the total of each tax bill for the preceding year.
By the date 
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specified in the ordinance, actual tax bills shall be prepared 
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and
mailed.  These bills shall set out total taxes due and the 
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amount of estimated
taxes billed in the first, second, and 
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third installments and shall state the
balance of taxes due for 
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that year as represented by the sum derived from
subtracting 
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the amount of the estimated installments from the total taxes 
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due
for that year.

 


 






SB2125
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    The county board of any county with less than 3,000,000 
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inhabitants may, by
ordinance or resolution, adopt an 
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accelerated method of tax billing.
The county board may 
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subsequently rescind the ordinance or resolution and
revert to 
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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 
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becoming law.