99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB2089

 

Introduced , by Rep. Jim Durkin

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/31-15

    Amends the Property Tax Code. Makes a technical change in a Section concerning the collection of tax.


LRB099 08475 JWD 28631 b

 

 

A BILL FOR

 

HB2089LRB099 08475 JWD 28631 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 31-15 as follows:
 
6    (35 ILCS 200/31-15)
7    Sec. 31-15. Collection of tax.
8    (a) Paper revenue stamps. The The tax shall be collected by
9the recorder or registrar of titles of the county in which the
10property is situated through the sale of revenue stamps, the
11design, denominations and form of which shall be prescribed by
12the Department. The revenue stamps shall be sold by the
13Department to the recorder or registrar of titles who shall
14cause them to be sold for the purposes prescribed. The
15Department shall charge at a rate of 50¢ per $500 of value in
16units of not less than $500. The recorder or registrar of
17titles of the several counties shall sell the revenue stamps at
18a rate of 50¢ per $500 of value or fraction of $500. The
19recorder or registrar of titles may use the proceeds for the
20purchase of revenue stamps from the Department. The Department
21must establish a system to allow the recorder or registrar of
22titles to purchase the revenue stamps electronically and must
23deliver the electronically purchased stamps to the recorder or

 

 

HB2089- 2 -LRB099 08475 JWD 28631 b

1registrar of titles.
2    (b) Electronic revenue stamp or alternative indicia. If the
3recorder or registrar of titles uses an electronic revenue
4stamp or alternative indicia, the recorder or registrar of
5titles shall electronically file a return and electronically
6remit the tax to the Department on or before the 10th day of
7the month following the month in which the tax was required to
8be collected. The return shall disclose the tax collected and
9other information that the Department may reasonably require.
10The return shall be filed using a format prescribed by the
11Department.
12    If a return is not filed or the tax is not fully paid as
13required under this Section within 15 days of the required time
14period, the Department may eliminate the recorder or registrar
15of titles' ability to electronically file its returns and
16electronically remit the tax until such time as the recorder or
17registrar of titles fully remits the return and tax amount due.
18(Source: P.A. 98-929, eff. 8-15-14.)