Full Text of SB2395 103rd General Assembly
SB2395sam001 103RD GENERAL ASSEMBLY | Sen. Ram Villivalam Filed: 3/22/2023
| | 10300SB2395sam001 | | LRB103 29197 HLH 59520 a |
|
| 1 | | AMENDMENT TO SENATE BILL 2395
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2395 on page 4, | 3 | | line 2, by replacing "Any" with " In counties with 3,000,000 or | 4 | | more inhabitants, any Any "; and
| 5 | | on page 4, line 7, by replacing " Any " with " In counties with | 6 | | 3,000,000 or more inhabitants, any "; and | 7 | | on page 8, line 23, after "law,", by inserting " in counties | 8 | | with fewer than 3,000,000 inhabitants, "; and | 9 | | on page 9, line 4, after "thereof.", by inserting | 10 | | " Notwithstanding any other provision of law, in counties with | 11 | | 3,000,000 or more inhabitants, if a taxpayer owes an arrearage | 12 | | of taxes due to an administrative error, and if the county | 13 | | collector sends a separate bill for that arrearage as provided | 14 | | in Section 14-41, then any part of the arrearage of taxes that | 15 | | remains unpaid on the day after the due date specified on that |
| | | 10300SB2395sam001 | - 2 - | LRB103 29197 HLH 59520 a |
|
| 1 | | tax bill
shall be deemed delinquent and shall bear interest | 2 | | after that date at the rate of: (i) 1 1/2% per month or portion | 3 | | thereof for tax years prior to 2023; or (ii) 0.75% per month or | 4 | | portion thereof for tax years 2023 and thereafter. "; and | 5 | | by replacing everything from line 16 on page 14 through line 4 | 6 | | on page 15 with the following:
| 7 | | "(35 ILCS 200/21-45)
| 8 | | Sec. 21-45. Failure to issue tax bill in prior year. In the | 9 | | event no tax
bill was issued as provided in Section 21-30, on | 10 | | any property in any previous
year for any reason, one tax bill | 11 | | shall be prepared and mailed by July 1 of the
year subsequent | 12 | | to the year in which no tax bill was issued, and taxes on that
| 13 | | property for that year only shall bear interest after the | 14 | | first day of August
of that year . In counties with fewer than | 15 | | 3,000,000 inhabitants, interest shall accrue at the rate of 1 | 16 | | 1/2% per month or portion thereof until paid or
forfeited. In | 17 | | counties with 3,000,000 or more inhabitants, if the taxes are | 18 | | for a tax year prior to tax year 2023, then interest shall | 19 | | accrue at the rate of 1 1/2% per month or portion thereof until | 20 | | paid or
forfeited. In counties with 3,000,000 or more | 21 | | inhabitants, if the taxes are for the 2023 tax year or a | 22 | | subsequent tax year, then interest shall accrue at the rate of | 23 | | 0.75% per month or portion thereof until paid or
forfeited.
| 24 | | (Source: P.A. 87-17; 88-455.)"; and
|
| | | 10300SB2395sam001 | - 3 - | LRB103 29197 HLH 59520 a |
|
| 1 | | on page 18, by replacing lines 8 through 18 with the following: | 2 | | "(d) In counties with fewer than 3,000,000 | 3 | | inhabitants, any Any amount paid to redeem a forfeiture | 4 | | occurring subsequent to the
tax sale together with 12% | 5 | | penalty thereon for each year or portion thereof
| 6 | | intervening between the date of the forfeiture redemption | 7 | | and the date of
redemption from the sale. In counties with | 8 | | 3,000,000 or more inhabitants, for tax years prior to tax | 9 | | year 2023, any amount paid to redeem a forfeiture | 10 | | occurring subsequent to the tax sale together with 12% | 11 | | penalty thereon for each year or portion thereof | 12 | | intervening between the date of the forfeiture redemption | 13 | | and the date of redemption from the sale. In counties with | 14 | | 3,000,000 or more inhabitants, for tax year 2023 or any | 15 | | tax year thereafter, any amount paid to redeem a | 16 | | forfeiture occurring subsequent to the tax sale together | 17 | | with 0.75% penalty thereon for each month or portion | 18 | | thereof intervening between the date of the forfeiture | 19 | | redemption and the date of redemption from the sale. ".
|
|