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92_SB0640eng SB640 Engrossed LRB9207880SMdv 1 AN ACT in relation to taxes. 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 20-178 as follows: 6 (35 ILCS 200/20-178) 7 Sec. 20-178. Certificate of error; refund; interest. 8 When the county collector makes any refunds due on 9 certificates of error issued under Sections 14-15 through 10 14-25 that have been either certified or adjudicated, the 11 county collector shall pay the taxpayer interest on the 12 amount of the refund at the rate of 0.5% per month. 13 No interest shall be due under this Section for any time 14 prior to 60 days after July 30, 1999 (the effective date of 15 Publicthis amendatoryAct 91-393)of the 91st General16Assembly. For certificates of error issued prior to July 30, 17 1999 (tothe effective date of Publicthis amendatoryAct 18 91-393)of the 91st General Assembly, the county collector 19 shall pay the taxpayer interest from 60 days after July 30, 20 1999 (the effective date of Publicthis amendatoryAct 21 91-393)of the 91st General Assemblyuntil the date the 22 refund is paid. For certificates of error issued on or after 23 July 30, 1999 (the effective date of Publicthis amendatory24 Act 91-393)of the 91st General Assembly, interest shall be 25 paid from 60 days after the certificate of error is issued by 26 the chief county assessment officer to the date the refund is 27 made. If a completed refund application is not filed with the 28 county collector's office within 60 days after a refund 29 application form and notice as set forth in this Section are 30 mailed by the collector to the taxpayer or his or her 31 representative, however, then interest shall cease to run SB0640 Engrossed -2- LRB9207880SMdv 1 from that date until a completed application is filed. The 2 notice mailed by the county collector shall advise the 3 taxpayer or his or her representative that a completed refund 4 application must be filed to obtain a refund and that 5 interest will cease to run unless this filing is made within 6 60 days after the mailing of the notice and application form. 7 To cover the cost of interest, the county collector shall 8 proportionately reduce the distribution of taxes collected 9 for each taxing district in which the property is situated. 10 For purposes of this Section, "completed refund 11 application" means (i) completion of the requisite forms 12 supplied by the county collector and presentation of legible 13 photocopies of the payment receipt issued by the county 14 collector or photocopies of the front and back of the 15 negotiated instrument used to make the payment for the tax 16 year upon which a refund is sought or (ii) such other proof 17 as may be deemed necessary by the county collector. If a 18 petitioner cannot provide proof of payment or such other 19 proof as requested by the county collector, the petitioner 20 shall have available to him or her the remedies afforded in 21 Section 20-175. 22 This Section shall not apply to any certificate of error 23 granting a homestead exemption under Section 15-170, 15-172, 24 or 15-175. 25 (Source: P.A. 91-393, eff. 7-30-99.) 26 Section 99. Effective date. This Act takes effect upon 27 becoming law.