Public Act 097-0655
 
HB0508 EnrolledLRB097 03332 HLH 43369 b



    AN ACT concerning revenue.

 
    Be it enacted by the People of the State of Illinois, 
represented in the General Assembly: 



 
    Section 5. The Property Tax Code is amended  by changing 
Section 21-27 as follows:
 



    (35 ILCS 200/21-27)



    Sec. 21-27. Waiver of interest penalty. 
    (a) On the recommendation
of the county treasurer, the 
county board may adopt a resolution under which an
interest 
penalty for the delinquent payment of taxes for any year that

otherwise would be imposed under Section 21-15, 21-20, or 21-25 
shall be waived
in the case of any person who meets all of the 
following criteria:


        (1) The person is determined eligible for a grant under 
    the Senior
Citizens and Disabled Persons Property Tax 
    Relief and Pharmaceutical Assistance
Act with respect to 
    the taxes for that year.


        (2) The person requests, in writing, on a form approved 
    by the county
treasurer, a waiver of the interest penalty, 
    and the request is filed with the
county treasurer on or 
    before the first day of the month that an installment of

    taxes is due.


        (3) The person pays the installment of taxes due, in 
    full, on or before
the third day of the month that the 
    installment is due.


        (4) The county treasurer approves the request for a 
    waiver.

    (b) With respect to property that qualifies as a brownfield 
site under Section 58.2 of the Environmental Protection Act, 
the county board, upon the recommendation
of the county 
treasurer, may, within 60 days after the effective date of this 
amendatory Act of the 95th General Assembly, adopt a resolution 
to waive an
interest penalty for the delinquent payment of 
taxes for any year prior to the 2008 taxable year that

otherwise would be imposed under Section 21-15, 21-20, or 21-25 
if all of the following criteria are met:
        (1) the property has delinquent taxes and an 
    outstanding interest penalty and the amount of that 
    interest penalty is so large as to, possibly, result in all 
    of the taxes becoming uncollectible;
        (2) the property is part of a redevelopment plan of a 
    unit of local government and that unit of local government 
    does not oppose the waiver of the interest penalty;
        (3) the redevelopment of the property will benefit the 
    public interest by remediating the brownfield 
    contamination;
        (4) the taxpayer delivers to the county treasurer (i) a 
    written request for a waiver of the interest penalty, on a 
    form approved by the county
treasurer, and (ii) a copy of 
    the redevelopment plan for the property;
        (5) the taxpayer pays, in full, the amount of up to the 
    amount of the first 2 installments of taxes due, to be held 
    in escrow pending the approval of the waiver, and enters 
    into an agreement with the county treasurer setting forth a 
    schedule for the payment of any remaining taxes due; and
        (6) the county treasurer approves the request for a 
    waiver.
(Source: P.A. 95-644, eff. 10-12-07.)

 

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