Public Act 098-0840
 
SB3036 EnrolledLRB098 17266 HLH 52360 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 18-35 as follows:
 



    (35 ILCS 200/18-35)



    Sec. 18-35. Collector's books; columns. Each county clerk 
shall prepare the
collector's books with 4 columns for the 
value of each property, the first to
show the assessed value by 
the chief county assessment officer, the second to
show the 
value as corrected by the board of review or board of appeals, 
the
third to show the value as equalized by the board of review 
under Sections
16-60 and 16-65, and the fourth to show the 
value as equalized or assessed by
the Department.  Such books 
may be created, transmitted, and stored in an electronic 
format. If a municipality has adopted tax increment allocation

financing under Division 74.4 of Article 11 of the Illinois 
Municipal Code,
the county clerk, or clerks if a municipality 
is located in more than one
county, shall provide additional 
columns for the initial equalized assessed
value, for the 
extension of the taxes and other purposes, and for the amount 
of
the tax to be deposited in the special tax allocation fund.  
The books also
shall contain a column to insert opposite each 
parcel of property any tax sale
or forfeiture for taxes or 
special assessments for the 2 preceding years not
canceled or 
withdrawn from collection at any tax sale. Tax sales shall be

designated by the word "sold", forfeited, withdrawn or other 
appropriate
designation to be stamped in the proper column 
opposite the property listing
not released prior to December 
1st of each year. Each county collector shall
stamp upon all 
receipts given for taxes the information in those columns, to 
be
known as the tax sale column and the delinquent special 
assessment column. The
county clerk shall collect the same fee 
for stamping forfeitures, as for tax
sales and withdrawals.

(Source: P.A. 79-1525; 88-455.)

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