Senate Sponsors: SULLIVAN. Short description: PROP TX-CERT OF ERROR-REFUNDS Synopsis of Bill as introduced: Amends the Property Tax Code with regard to errors and adjustments in the tax collection process. Changes the date prior to which no interest is due from the county collector on a refund due on a certificate of error from 60 days after the certificate of error is issued to 120 days after the submission of a completed refund application to the county collector once the certificate of error is issued. In provisions regarding errors and adjustments in the tax collection process in counties with 3,000,000 or more inhabitants, provides for a refund reserve fund to be maintained by the county collector to consist of a sum of the current year's collections to be used for payment of all refunds chargeable to each taxing district. Provides that the sum reserved from each taxing district must be equal to the amount of refunds and interest that taxing district was liable for in the previous tax year. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status