093_HB3564

 
                                     LRB093 10029 SJM 10280 b

 1        AN ACT in relation to taxes.

 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 21-45 as follows:

 6        (35 ILCS 200/21-45)
 7        Sec.  21-45.  Failure to issue tax bill in prior year. In
 8    the event no tax bill  was  issued  as  provided  in  Section
 9    21-30,  on  any property in any previous year for any reason,
10    one tax bill shall be prepared and mailed by July  1  of  the
11    year  subsequent to the year in which no tax bill was issued,
12    and taxes on that property for  that  year  only  shall  bear
13    interest  after  the  first day of August of that year at the
14    rate of 1 1/2% per month or  portion  of  the  month  thereof
15    until paid or forfeited.
16    (Source: P.A. 87-17; 88-455.)