HB2232 EnrolledLRB103 25574 HLH 51923 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 23-20 as follows:
 
6    (35 ILCS 200/23-20)
7    Sec. 23-20. Effect of protested payments; refunds. No 
8protest shall prevent or be a cause of delay in the 
9distribution of tax collections to the taxing districts of any 
10taxes collected which were not paid under protest. If the 
11final order of the Property Tax Appeal Board or of a court 
12results in a refund to the taxpayer, refunds shall be made by 
13the collector from funds remaining in the Protest Fund until 
14such funds are exhausted and thereafter from the next funds 
15collected after entry of the final order until full payment of 
16the refund and interest thereon has been made. Interest from 
17the date of payment, regardless of whether the payment was 
18made before the effective date of this amendatory Act of 1997, 
19or from the date payment is due, whichever is later, to the 
20date of refund shall also be paid to the taxpayer at the annual 
21rate of the lesser of (i) 5% or (ii) the percentage increase in 
22the Consumer Price Index For All Urban Consumers during the 
2312-month calendar year preceding the levy year for which the 
 
 
HB2232 Enrolled- 2 -LRB103 25574 HLH 51923 b

1refund was made, as published by the federal Bureau of Labor 
2Statistics.
3    A claim for a refund resulting from a final order of the 
4Property Tax Appeal Board shall not be allowed unless the 
5claim is filed within 20 years from the date the right to a 
6refund arose; provided, however, that the aggregate total of 
7refunded taxes and interest shall not exceed $5,000,000 in any 
8calendar year for claims filed more than 7 years after the 
9right to the refund arose. If the payment of a claim for a 
10refund would cause the aggregate total of taxes and interest 
11to exceed $5,000,000 in any year, the refund shall be paid in 
12the next succeeding year.
13    The changes made to this Section by this amendatory Act of 
14the 103rd General Assembly apply to matters concerning refund 
15claims filed on or after the first day of the first month 
16following the effective date of this amendatory Act of the 
17103rd General Assembly. 
18(Source: P.A. 94-558, eff. 1-1-06.)
 
19    Section 99. Effective date. This Act takes effect upon 
20becoming law.