Illinois General Assembly - Full Text of HB0508
Illinois General Assembly

Previous General Assemblies

Full Text of HB0508  97th General Assembly



HB0508 EnrolledLRB097 03332 HLH 43369 b

1    AN ACT concerning revenue.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Property Tax Code is amended by changing
5Section 21-27 as follows:
6    (35 ILCS 200/21-27)
7    Sec. 21-27. Waiver of interest penalty.
8    (a) On the recommendation of the county treasurer, the
9county board may adopt a resolution under which an interest
10penalty for the delinquent payment of taxes for any year that
11otherwise would be imposed under Section 21-15, 21-20, or 21-25
12shall be waived in the case of any person who meets all of the
13following criteria:
14        (1) The person is determined eligible for a grant under
15    the Senior Citizens and Disabled Persons Property Tax
16    Relief and Pharmaceutical Assistance Act with respect to
17    the taxes for that year.
18        (2) The person requests, in writing, on a form approved
19    by the county treasurer, a waiver of the interest penalty,
20    and the request is filed with the county treasurer on or
21    before the first day of the month that an installment of
22    taxes is due.
23        (3) The person pays the installment of taxes due, in



HB0508 Enrolled- 2 -LRB097 03332 HLH 43369 b

1    full, on or before the third day of the month that the
2    installment is due.
3        (4) The county treasurer approves the request for a
4    waiver.
5    (b) With respect to property that qualifies as a brownfield
6site under Section 58.2 of the Environmental Protection Act,
7the county board, upon the recommendation of the county
8treasurer, may, within 60 days after the effective date of this
9amendatory Act of the 95th General Assembly, adopt a resolution
10to waive an interest penalty for the delinquent payment of
11taxes for any year prior to the 2008 taxable year that
12otherwise would be imposed under Section 21-15, 21-20, or 21-25
13if all of the following criteria are met:
14        (1) the property has delinquent taxes and an
15    outstanding interest penalty and the amount of that
16    interest penalty is so large as to, possibly, result in all
17    of the taxes becoming uncollectible;
18        (2) the property is part of a redevelopment plan of a
19    unit of local government and that unit of local government
20    does not oppose the waiver of the interest penalty;
21        (3) the redevelopment of the property will benefit the
22    public interest by remediating the brownfield
23    contamination;
24        (4) the taxpayer delivers to the county treasurer (i) a
25    written request for a waiver of the interest penalty, on a
26    form approved by the county treasurer, and (ii) a copy of



HB0508 Enrolled- 3 -LRB097 03332 HLH 43369 b

1    the redevelopment plan for the property;
2        (5) the taxpayer pays, in full, the amount of up to the
3    amount of the first 2 installments of taxes due, to be held
4    in escrow pending the approval of the waiver, and enters
5    into an agreement with the county treasurer setting forth a
6    schedule for the payment of any remaining taxes due; and
7        (6) the county treasurer approves the request for a
8    waiver.
9(Source: P.A. 95-644, eff. 10-12-07.)
10    Section 99. Effective date. This Act takes effect upon
11becoming law.