Full Text of HB0829 94th General Assembly
HB0829 94TH GENERAL ASSEMBLY
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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB0829
Introduced 2/2/2005, by Rep. Dan Reitz SYNOPSIS AS INTRODUCED: |
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35 ILCS 200/21-330 |
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35 ILCS 516/275 |
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Amends the Property Tax Code and the Mobile Home Local Services Tax Enforcement Act. Provides that any moneys accumulated in the special fund for the payment of interest by the
county treasurer in
excess of $100,000 (now, $500,000) must be paid each year prior to the commencement of the
annual tax sale, first to satisfy
any existing unpaid judgments, and any funds
remaining thereafter must be paid to the general fund of the county. Effective immediately.
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FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB0829 |
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LRB094 07310 BDD 37468 b |
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| AN ACT concerning taxes.
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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 | 5 |
| Section 21-330 as follows:
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| (35 ILCS 200/21-330)
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| Sec. 21-330. Fund for payment of interest. In counties of | 8 |
| under 3,000,000
inhabitants, the county board may impose a fee | 9 |
| of up to $60, which shall be
paid
to the county collector, upon | 10 |
| each person purchasing any property at a sale
held under this | 11 |
| Code, prior to the issuance of any certificate of purchase.
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| Each person purchasing
any
property at a sale held under this | 13 |
| Code in a county with 3,000,000 or more
inhabitants shall pay | 14 |
| to the county collector,
prior to the issuance of any | 15 |
| certificate of purchase, a fee of $100 for each
item purchased. | 16 |
| That amount shall be included in the
price paid for the | 17 |
| certificate of purchase and the amount required to redeem
under | 18 |
| Section 21-355.
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| All sums of money received under this Section shall be paid | 20 |
| by the
collector to the county treasurer of the county in which | 21 |
| the property is
situated for deposit into a special fund. It
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| shall be the duty of the county treasurer, as trustee of the | 23 |
| fund, to
invest the principal and income of the fund from time | 24 |
| to time, if not
immediately required for payments under this | 25 |
| Section, in investments as are
authorized by Sections 3-10009 | 26 |
| and 3-11002 of the Counties Code. The fund
shall be held to pay | 27 |
| interest and costs
by the county treasurer as trustee of the | 28 |
| fund. No payment shall be made
from the fund except by order of | 29 |
| the court declaring a sale in error under
Section 21-310, | 30 |
| 22-35, or 22-50
or by declaration of the county collector under | 31 |
| subsection (c) of Section
21-310.
Any moneys accumulated in the | 32 |
| fund by the
county treasurer in
excess of $100,000
$500,000 |
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HB0829 |
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LRB094 07310 BDD 37468 b |
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| shall be paid each year prior to the commencement of the
annual | 2 |
| tax sale, first to satisfy
any existing unpaid judgments | 3 |
| entered pursuant to Section 21-295, and any funds
remaining | 4 |
| thereafter shall be paid to the general fund of the county.
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| (Source: P.A. 92-224, eff. 1-1-02; 92-729, eff. 7-25-02.)
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| Section 10. The Mobile Home Local Services Tax Enforcement | 7 |
| Act is amended by changing Section 275 as follows:
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| (35 ILCS 516/275)
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| Sec. 275. Fund for payment of interest. In counties of | 10 |
| under 3,000,000
inhabitants, the county board may impose a fee | 11 |
| of up to $10, which shall be
paid to the county collector, upon | 12 |
| each person purchasing any mobile home at a
sale held under | 13 |
| this Act, prior to the issuance of any certificate of purchase.
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| That amount shall be included in the price paid for the
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| certificate of purchase and the amount required to redeem under | 16 |
| Section 300.
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| All sums of money received under this Section shall be paid | 18 |
| by the
collector to the county treasurer of the county in which | 19 |
| the mobile home is
situated for deposit into a special fund. It
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| shall be the duty of the county treasurer, as trustee of the | 21 |
| fund, to
invest the principal and income of the fund from time | 22 |
| to time, if not
immediately required for payments under this | 23 |
| Section, in investments as are
authorized by Sections 3-10009 | 24 |
| and 3-11002 of the Counties Code. The fund
shall be held to | 25 |
| satisfy orders for payment of interest and costs obtained
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| against the county treasurer as trustee of the fund. No payment | 27 |
| shall be made
from the fund except by order of the court | 28 |
| declaring a sale in error under
Section 255. Any moneys | 29 |
| accumulated in the fund by the county treasurer in
excess of | 30 |
| $100,000
$500,000 shall be paid each year prior to the | 31 |
| commencement of the
annual tax sale, first to satisfy
any | 32 |
| existing unpaid judgments entered pursuant to Section 235, and | 33 |
| any funds
remaining thereafter shall be paid to the general | 34 |
| fund of the county.
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HB0829 |
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LRB094 07310 BDD 37468 b |
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| (Source: P.A. 92-807, eff. 1-1-03.)
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| Section 99. Effective date. This Act takes effect upon | 3 |
| becoming law.
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