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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0795
Introduced 02/02/05, by Rep. Robert S. Molaro SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Makes a technical change in a Section
concerning distribution of taxes in counties of less than 3,000,000
inhabitants.
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A BILL FOR
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HB0795 |
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LRB094 08040 BDD 38223 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing |
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| Section 20-130 as follows:
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| (35 ILCS 200/20-130)
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| Sec. 20-130. Distribution of taxes in counties of less than |
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| 3,000,000;
return of erroneous distribution.
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| (a) All
distributions of taxes collected and
and interest |
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| earned thereon by a county on
behalf of taxing districts must |
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| be made by the county treasurer, in counties
with less than |
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| 3,000,000 inhabitants, within 30 days after the due date and at
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| 30 days intervals thereafter, unless the amount to be |
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| distributed is less than
$5. The county treasurer shall |
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| distribute the taxes collected at the next
30-day interval if |
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| the taxes collected are $5 or more. If the tax collections
for |
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| a taxing district are less than $5 for 3 consecutive 30-day |
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| intervals, the
county treasurer shall automatically distribute |
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| the taxes collected to the unit
of local government on the |
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| third 30-day interval. The county treasurer shall
determine the |
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| manner in which all distributions under this Section are to be
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| made. The manner of distribution may include, but is not |
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| limited to, check or
electronic funds transfer. |
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| (b) Notwithstanding any other law to the contrary, if a |
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| county makes an
erroneous distribution of taxes collected and |
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| interest earned thereon, upon
majority
vote of the governing |
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| board of the taxing district that received the
erroneous |
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| distribution, the taxing district shall return the funds to the
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| county treasurer.
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| (Source: P.A. 91-378, eff. 7-30-99.)
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