Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Beginning in tax year 2011, increases the taxpayer's income limit from $50,000 to $55,000. Provides that "qualified property" must not be held in trust, other than an Illinois land trust with the taxpayer identified as the sole beneficiary, if the taxpayer is filing for the program for the first time effective as of the January 1, 2010 assessment year or tax year 2011 and thereafter. Effective as of the January 1, 2010 assessment year or tax year 2011 and thereafter, provides that the total amount of any deferral shall not exceed $5,000 per taxpayer in each tax year. Provides that if the county collector and recorder allow a transfer of property to occur without collecting deferred taxes and interest, then the Department of Revenue shall withhold, from future deferral payments to the county, the amount necessary to pay off the deferral account. Provides that interest on the account shall continue to accrue until such time that the Department is able to withhold the amount or until such time that the county pays the total amount due. Effective immediately.

Sponsorship: Partisan Bill (Democrat 9)

Status: (Vetoed) 2010-11-25 - Bill Dead - No Positive Action Taken - Amendatory Veto [HB5813 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Enrolled	Not Avail	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5813

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5813 currently on file.