100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB2322
 
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.



LRB100 04001 HLH 14006 b

 
 
A BILL FOR
 


HB2322LRB100 04001 HLH 14006 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 
 
 
HB2322- 2 -LRB100 04001 HLH 14006 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.)