State of Illinois
92nd General Assembly

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 1        AN ACT concerning taxation.

 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  adding
 5    Section 20-177 as follows:

 6        (35 ILCS 200/20-177 new)
 7        Sec.  20-177.  Refunds  collected  by a third party for a
 8    taxpayer for erroneous assessments or  overpayments.  When  a
 9    refund  for  an erroneous assessment or overpayment is sought
10    by a third party on behalf of a taxpayer and that third party
11    seeks compensation for obtaining the refund:
12             (1)  compensation to the third party is limited to a
13        maximum of 20% of the refund;
14             (2)  the third  party  must  file  with  the  county
15        collector,  along  with  the  application  for  refund, a
16        written retainer, signed by the  taxpayer,  conspicuously
17        disclosing  the  amount  of the compensation to the third
18        party at a maximum of 20%;
19             (3)  the third party must provide, as  part  of  the
20        application  for  refund, full information as to the name
21        and address of the taxpayer  so  that  a  check  for  the
22        taxpayer's portion of the refund can be provided directly
23        to the taxpayer; and
24             (4)  the   third   party  must  provide  the  county
25        collector with the appropriate Internal  Revenue  Service
26        forms  and  the county collector must annually report the
27        income paid to the third party to  the  Internal  Revenue
28        Service and the Illinois Department of Revenue.

29        Section  99.  Effective  date. This Act takes effect upon
30    becoming law.

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