093_HB0237

 
                                     LRB093 02633 SJM 02643 b

 1        AN ACT in relation to taxation.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Property Tax Code is amended by  changing
 5    Section 20-130 as follows:

 6        (35 ILCS 200/20-130)
 7        Sec.  20-130.   Distribution of taxes in counties of less
 8    than 3,000,000; return of erroneous distribution.
 9        (a)  All distributions of taxes  collected  and  interest
10    earned thereon by a county on behalf of taxing districts must
11    be  made  by the county treasurer, in counties with less than
12    3,000,000 inhabitants, within 30 days after the due date  and
13    at  30  days  intervals  thereafter,  unless the amount to be
14    distributed is less than  $5.   The  county  treasurer  shall
15    distribute the taxes collected at the next 30-day interval if
16    the  taxes  collected are $5 or more.  If the tax collections
17    for a taxing district are less  than  $5  for  3  consecutive
18    30-day  intervals,  the  county treasurer shall automatically
19    distribute  the  taxes  collected  to  the  unit   of   local
20    government   on   the  third  30-day  interval.   The  county
21    treasurer  shall  determine   the   manner   in   which   all
22    distributions  under this Section are to be made.  The manner
23    of distribution may include, but is not limited to, check  or
24    electronic funds transfer.
25        Nothing  in  this  subsection (a) shall preclude a county
26    treasurer from accepting advance tax payments for  taxes  not
27    yet due.
28        (b)  Notwithstanding  any other law to the contrary, if a
29    county makes an erroneous distribution of taxes collected and
30    interest earned thereon, upon majority vote of the  governing
31    board  of  the  taxing  district  that received the erroneous
 
                            -2-      LRB093 02633 SJM 02643 b
 1    distribution, the taxing district shall return the  funds  to
 2    the county treasurer.
 3    (Source: P.A. 91-378, eff. 7-30-99.)

 4        Section  99.  Effective date.  This Act takes effect upon
 5    becoming law.