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90_HB3708
35 ILCS 200/20-130
35 ILCS 200/20-140
Amends the Property Tax Code. Provides that the county
treasurer shall determine the manner in which all tax
distributions or payments are to be made. Provides that the
manner of payment or distribution may include, but is not
limited to, check or electronic funds transfer. Effective
immediately.
LRB9010433KDks
LRB9010433KDks
1 AN ACT to amend the Property Tax Code by changing
2 Sections 20-130 and 20-140.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Sections 20-130 and 20-140 as follows:
7 (35 ILCS 200/20-130)
8 Sec. 20-130. Distribution of taxes in counties of less
9 than 3,000,000; return of erroneous distribution.
10 (a) All distributions of taxes collected and interest
11 earned thereon by a county on behalf of taxing districts must
12 be made by the county treasurer, in counties with less than
13 3,000,000 inhabitants, within 30 days after the due date and
14 at 30 days intervals thereafter, unless the amount to be
15 distributed is less than $5. The county treasurer shall
16 distribute the taxes collected at the next 30-day interval if
17 the taxes collected are $5 or more. If the tax collections
18 for a taxing district are less than $5 for 3 consecutive
19 30-day intervals, the county treasurer shall automatically
20 distribute the taxes collected to the unit of local
21 government on the third 30-day interval. The county
22 treasurer shall determine the manner in which all
23 distributions under this Section are to be made. The manner
24 of distribution may include, but is not limited to, check or
25 electronic funds transfer.
26 (b) Notwithstanding any other law to the contrary, if a
27 county makes an erroneous distribution of taxes collected and
28 interest earned thereon, upon majority vote of the governing
29 board of the taxing district that received the erroneous
30 distribution, the taxing district shall return the funds to
31 the county treasurer.
-2- LRB9010433KDks
1 (Source: P.A. 88-455; 89-548, eff. 1-1-97.)
2 (35 ILCS 200/20-140)
3 Sec. 20-140. Payment due date for county collector.
4 Subject to the provisions of the Public Funds Statement
5 Publication Act and Sections 3.1-35-60 through 3.1-35-80 of
6 the Illinois Municipal Code, the county collector in counties
7 with 3,000,000 or more inhabitants, shall on the first day of
8 June and the first day of every month thereafter pay over to
9 the other proper authorities or persons the amounts in his or
10 her possession and payable to them as taxes and not
11 previously paid over. In counties with less than 3,000,000
12 inhabitants, the county collector shall (i) pay over to the
13 other proper authorities or persons, as provided in Section
14 20-130, the amounts in the collector's hands and payable to
15 them as taxes and (ii) together with the final payment, pay
16 over to the other proper authorities or persons the amounts
17 in the collector's hands and payable to them as interest and
18 not previously paid over. The county treasurer shall
19 determine the manner in which all payments required by a
20 county collector under this Section are to be made. The
21 manner of payment may include, but is not limited to, check
22 or electronic funds transfer. Taxes collected in counties
23 with less than 3,000,000 inhabitants and not distributed
24 shall be invested in accordance with Section 1 of the Public
25 Funds Deposit Act.
26 (Source: P.A. 86-190; 87-1119; 88-455.)
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.