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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 21-27 as follows:
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6 | (35 ILCS 200/21-27)
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7 | Sec. 21-27. Waiver of interest penalty. | ||||||
8 | (a) On the recommendation
of the county treasurer, the | ||||||
9 | county board may adopt a resolution under which an
interest | ||||||
10 | penalty for the delinquent payment of taxes for any year that
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11 | otherwise would be imposed under Section 21-15, 21-20, or 21-25 | ||||||
12 | shall be waived
in the case of any person who meets all of the | ||||||
13 | following criteria:
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14 | (1) The person is determined eligible for a grant under | ||||||
15 | the Senior
Citizens and Disabled Persons Property Tax | ||||||
16 | Relief and Pharmaceutical Assistance
Act with respect to | ||||||
17 | the taxes for that year.
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18 | (2) The person requests, in writing, on a form approved | ||||||
19 | by the county
treasurer, a waiver of the interest penalty, | ||||||
20 | and the request is filed with the
county treasurer on or | ||||||
21 | before the first day of the month that an installment of
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22 | taxes is due.
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23 | (3) The person pays the installment of taxes due, in |
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1 | full, on or before
the third day of the month that the | ||||||
2 | installment is due.
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3 | (4) The county treasurer approves the request for a | ||||||
4 | waiver.
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5 | (b) With respect to property that qualifies as a brownfield | ||||||
6 | site under Section 58.2 of the Environmental Protection Act, | ||||||
7 | the county board, upon the recommendation
of the county | ||||||
8 | treasurer, may , within 60 days after the effective date of this | ||||||
9 | amendatory Act of the 95th General Assembly, adopt a resolution | ||||||
10 | to waive an
interest penalty for the delinquent payment of | ||||||
11 | taxes for any year prior to the 2008 taxable year that
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12 | otherwise would be imposed under Section 21-15, 21-20, or 21-25 | ||||||
13 | if all of the following criteria are met: | ||||||
14 | (1) the property has delinquent taxes and an | ||||||
15 | outstanding interest penalty and the amount of that | ||||||
16 | interest penalty is so large as to, possibly, result in all | ||||||
17 | of the taxes becoming uncollectible; | ||||||
18 | (2) the property is part of a redevelopment plan of a | ||||||
19 | unit of local government and that unit of local government | ||||||
20 | does not oppose the waiver of the interest penalty; | ||||||
21 | (3) the redevelopment of the property will benefit the | ||||||
22 | public interest by remediating the brownfield | ||||||
23 | contamination; | ||||||
24 | (4) the taxpayer delivers to the county treasurer (i) a | ||||||
25 | written request for a waiver of the interest penalty, on a | ||||||
26 | form approved by the county
treasurer, and (ii) a copy of |
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1 | the redevelopment plan for the property; | ||||||
2 | (5) the taxpayer pays, in full, the amount of up to the | ||||||
3 | amount of the first 2 installments of taxes due, to be held | ||||||
4 | in escrow pending the approval of the waiver, and enters | ||||||
5 | into an agreement with the county treasurer setting forth a | ||||||
6 | schedule for the payment of any remaining taxes due; and | ||||||
7 | (6) the county treasurer approves the request for a | ||||||
8 | waiver. | ||||||
9 | (Source: P.A. 95-644, eff. 10-12-07.)
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10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law.
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