Full Text of HB6200 097th General Assembly
HB6200 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB6200 Introduced , by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that, in
counties with
3,000,000 or more inhabitants, the first installment of
taxes for estimated property tax bills payable in calendar year 2013 and each calendar year thereafter shall be computed at 50% (instead of 55%) of the total of each
tax bill for the preceding year. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 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 21-30 as follows:
| 6 | | (35 ILCS 200/21-30)
| 7 | | Sec. 21-30. Accelerated billing. Except as provided in this | 8 | | Section, Section 9-260, and Section 21-40, in
counties with
| 9 | | 3,000,000 or more inhabitants, by January 31 annually, | 10 | | estimated tax bills
setting out the first installment of | 11 | | property taxes for the preceding year,
payable in that year, | 12 | | shall be prepared and mailed. The first installment of
taxes on | 13 | | the estimated tax bills shall be computed at (i) 50% of the | 14 | | total of each
tax bill for the preceding year for taxes payable | 15 | | on or before December 31, 2009, and (ii) 55% of the total of | 16 | | each tax bill for the preceding year for taxes beginning with | 17 | | the first installment payable in calendar years 2010 through | 18 | | 2012, and (iii) 50% of the total of each
tax bill for the | 19 | | preceding year for taxes payable in calendar year 2013 and each | 20 | | calendar year thereafter .
If, prior to the preparation of the | 21 | | estimated tax bills, a certificate of
error has been either | 22 | | approved by a court on or before November 30 of the
preceding | 23 | | year or certified pursuant to Section 14-15 on or before |
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| 1 | | November 30
of the preceding year, then the first installment | 2 | | of taxes on the estimated tax
bills shall be computed at (i) | 3 | | 50% of the total taxes for the preceding year as
corrected by | 4 | | the certificate of error for taxes payable on or before | 5 | | December 31, 2009, and (ii) 55% of the total taxes for the | 6 | | preceding year, as
corrected by the certificate of error, for | 7 | | taxes beginning with the first installment payable in calendar | 8 | | years 2010 through 2012, and (iii) 50% of the total taxes for | 9 | | the preceding year, as
corrected by the certificate of error, | 10 | | for taxes payable in calendar year 2013 and each calendar year | 11 | | thereafter .
By June 30 annually, actual tax bills shall
be | 12 | | prepared and mailed. These bills shall set out total taxes due | 13 | | and the
amount of estimated taxes billed in the first | 14 | | installment, and shall state
the balance of taxes due for that | 15 | | year as represented by the sum derived
from subtracting the | 16 | | amount of the first installment from the total taxes due
for | 17 | | that year.
| 18 | | The county board may provide by ordinance, in counties with | 19 | | 3,000,000 or more
inhabitants, for taxes to be paid in 4 | 20 | | installments. For the levy year for
which the ordinance is | 21 | | first effective and each subsequent year, estimated tax
bills | 22 | | setting out the first, second, and third installment of taxes | 23 | | for the
preceding year, payable in that year, shall be prepared | 24 | | and mailed not later
than the date specified by ordinance. Each | 25 | | installment on estimated tax bills
shall be computed at 25% of | 26 | | the total of each tax bill for the preceding year.
By the date |
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| 1 | | specified in the ordinance, actual tax bills shall be prepared | 2 | | and
mailed. These bills shall set out total taxes due and the | 3 | | amount of estimated
taxes billed in the first, second, and | 4 | | third installments and shall state the
balance of taxes due for | 5 | | that year as represented by the sum derived from
subtracting | 6 | | the amount of the estimated installments from the total taxes | 7 | | due
for that year.
| 8 | | The county board of any county with less than 3,000,000 | 9 | | inhabitants may, by
ordinance or resolution, adopt an | 10 | | accelerated method of tax billing.
The county board may | 11 | | subsequently rescind the ordinance or resolution and
revert to | 12 | | the method otherwise provided for in this Code.
| 13 | | (Source: P.A. 96-490, eff. 8-14-09.)
| 14 | | Section 99. Effective date. This Act takes effect upon | 15 | | becoming law.
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