Bill Text: IL HB4576 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, in the case of property that is occupied as a residence by a person who: (1) is 55 years of age or older during the taxable year; (2) is liable for paying real estate taxes on the property; and (3) is an owner of record of the property or has a legal or equitable interest in the property, property taxes shall be paid on a monthly basis. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-02-05 - Referred to Rules Committee [HB4576 Detail]

Download: Illinois-2019-HB4576-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB4576 Introduced , by Rep. Deanne M. Mazzochi SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-41 new
Amends the Property Tax Code. Provides that, in the case of property that is occupied as a residence by a person who: (1) is 55 years of age or older during the taxable year; (2) is liable for paying real estate taxes on the property; and (3) is an owner of record of the property or has a legal or equitable interest in the property, property taxes shall be paid on a monthly basis. Effective immediately.
LRB101 18423 HLH 67871 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB4576 LRB101 18423 HLH 67871 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 21-41 as follows:
(35 ILCS 200/21-41 new)
Sec. 21-41. Due dates; senior citizens. Notwithstanding
any other due dates provided for under this Act, beginning with
the 2020 tax year payable in 2021, in the case of property that
is occupied as a residence by a person who: (1) is 55 years of
age or older during the taxable year; (2) is liable for paying
real estate taxes on the property; and (3) is an owner of
record of the property or has a legal or equitable interest in
the property as evidenced by a written instrument, except for a
leasehold interest that is not a leasehold interest in land on
which a single family residence is located, property taxes
shall be paid on a monthly basis.
The property taxes due and payable by an eligible taxpayer
under this Section shall be billed monthly over a 12-month
period. Those payments shall be in equal monthly installments
to the extent practical. The 12-month period shall commence on
the first due date for property taxes in the county in which
the property is located.

HB4576 - 2 - LRB101 18423 HLH 67871 b
No monthly payment made under the provisions of this
Section shall be classified as delinquent until the expiration
of 90 days after the date the monthly payment was due.
Section 99. Effective date. This Act takes effect upon
becoming law.