Public Act 096-1351
 
HB5603 EnrolledLRB096 17895 HLH 33263 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 adding 
Section 20-27 as follows:
 
    (35 ILCS 200/20-27 new)
    Sec. 20-27. Reimbursement of tax proceeds for annexed 
property.  Notwithstanding any other provision of law, 
beginning in taxable year 2010, if property is annexed to a 
municipality under Section 7-1-13 of the Illinois Municipal 
Code at any time during the taxable year, any taxpayer who  is 
liable for paying property taxes on the property during the 
taxable year may apply to the municipality for a refund of the 
amount of property taxes (i)  paid by the taxpayer, (ii) 
distributed to the municipality, and (ii) attributable to the 
annexed property for the portion of the taxable year during 
which the property was not included in the municipality.  The 
municipality shall refund those amounts to the taxpayer within 
60 days after the application is received.
    A home rule unit may not regulate the collection or 
distribution of tax proceeds in a manner inconsistent with this 
Section.  This
subsection is a limitation under subsection (i) 
of Section 6 of Article VII of
the Illinois Constitution on the 
concurrent exercise by home rule units of
powers and functions 
exercised by the State. 
 
 
    Section 99. Effective date. This Act takes effect upon 
becoming law. 
  

Effective Date:  7/28/2010