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Public Act 91-0378
HB1694 Enrolled LRB9104682PTpk
AN ACT to amend the Property Tax Code by changing
Sections 20-130 and 20-140.
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
Sections 20-130 and 20-140 as follows:
(35 ILCS 200/20-130)
Sec. 20-130. Distribution of taxes in counties of less
than 3,000,000; return of erroneous distribution.
(a) All distributions of taxes collected and interest
earned thereon by a county on behalf of taxing districts must
be made by the county treasurer, in counties with less than
3,000,000 inhabitants, within 30 days after the due date and
at 30 days intervals thereafter, unless the amount to be
distributed is less than $5. The county treasurer shall
distribute the taxes collected at the next 30-day interval if
the taxes collected are $5 or more. If the tax collections
for a taxing district are less than $5 for 3 consecutive
30-day intervals, the county treasurer shall automatically
distribute the taxes collected to the unit of local
government on the third 30-day interval. The county
treasurer shall determine the manner in which all
distributions under this Section are to be made. The manner
of distribution may include, but is not limited to, check or
electronic funds transfer.
(b) Notwithstanding any other law to the contrary, if a
county makes an erroneous distribution of taxes collected and
interest earned thereon, upon majority vote of the governing
board of the taxing district that received the erroneous
distribution, the taxing district shall return the funds to
the county treasurer.
(Source: P.A. 88-455; 89-548, eff. 1-1-97.)
(35 ILCS 200/20-140)
Sec. 20-140. Payment due date for county collector.
Subject to the provisions of the Public Funds Statement
Publication Act and Sections 3.1-35-60 through 3.1-35-80 of
the Illinois Municipal Code, the county collector in counties
with 3,000,000 or more inhabitants, shall on the first day of
June and the first day of every month thereafter pay over to
the other proper authorities or persons the amounts in his or
her possession and payable to them as taxes and not
previously paid over. In counties with less than 3,000,000
inhabitants, the county collector shall (i) pay over to the
other proper authorities or persons, as provided in Section
20-130, the amounts in the collector's hands and payable to
them as taxes and (ii) together with the final payment, pay
over to the other proper authorities or persons the amounts
in the collector's hands and payable to them as interest and
not previously paid over. The county treasurer shall
determine the manner in which all payments required by a
county collector under this Section are to be made. The
manner of payment may include, but is not limited to, check
or electronic funds transfer. Taxes collected in counties
with less than 3,000,000 inhabitants and not distributed
shall be invested in accordance with Section 1 of the Public
Funds Deposit Act.
(Source: P.A. 86-190; 87-1119; 88-455.)
Section 99. Effective date. This Act takes effect upon
becoming law.
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