Bill Text: IL HB0525 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. In a Section concerning property tax installments in counties with 3,000,000 or more inhabitants, provides that, beginning with taxes payable in 2010, the first installment shall be computed at 55% (instead of 50%) of the total of each tax bill for the preceding year. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0525 Detail]

Download: Illinois-2009-HB0525-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB0525 Introduced 2/4/2009, by Rep. Barbara Flynn Currie SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-30
Amends the Property Tax Code. In a Section concerning property tax installments in counties with 3,000,000 or more inhabitants, provides that, beginning with taxes payable in 2010, the first installment shall be computed at 55% (instead of 50%) of the total of each tax bill for the preceding year. Effective immediately.
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A BILL FOR
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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 21-30 as follows:
(35 ILCS 200/21-30)
Sec. 21-30. Accelerated billing. Except as provided in this
Section, Section 9-260, and Section 21-40, in counties with
3,000,000 or more inhabitants, by January 31 annually,
estimated tax bills setting out the first installment of
property taxes for the preceding year, payable in that year,
shall be prepared and mailed. The first installment of taxes on
the estimated tax bills shall be computed at (i) 50% of the
total of each tax bill for the preceding year for taxes payable
on or before December 31, 2009, and (ii) 55% of the total of
each tax bill for the preceding year beginning with the first
installment payable in 2010. If, prior to the preparation of
the estimated tax bills, a certificate of error has been either
approved by a court on or before November 30 of the preceding
year or certified pursuant to Section 14-15 on or before
November 30 of the preceding year, then the first installment
of taxes on the estimated tax bills shall be computed at (i)
50% of the total taxes for the preceding year as corrected by

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the certificate of error for taxes payable on or before
December 31, 2009, and (ii) 55% of the total taxes for the
preceding year, as corrected by the certificate of error,
beginning with the first installment payable in 2010. By June
30 annually, actual tax bills shall be prepared and mailed.
These bills shall set out total taxes due and the amount of
estimated taxes billed in the first installment, and shall
state the balance of taxes due for that year as represented by
the sum derived from subtracting the amount of the first
installment from the total taxes due for that year.
The county board may provide by ordinance, in counties with
3,000,000 or more inhabitants, for taxes to be paid in 4
installments. For the levy year for which the ordinance is
first effective and each subsequent year, estimated tax bills
setting out the first, second, and third installment of taxes
for the preceding year, payable in that year, shall be prepared
and mailed not later than the date specified by ordinance. Each
installment on estimated tax bills shall be computed at 25% of
the total of each tax bill for the preceding year. By the date
specified in the ordinance, actual tax bills shall be prepared
and mailed. These bills shall set out total taxes due and the
amount of estimated taxes billed in the first, second, and
third installments and shall state the balance of taxes due for
that year as represented by the sum derived from subtracting
the amount of the estimated installments from the total taxes
due for that year.

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The county board of any county with less than 3,000,000
inhabitants may, by ordinance or resolution, adopt an
accelerated method of tax billing. The county board may
subsequently rescind the ordinance or resolution and revert to
the method otherwise provided for in this Code.
(Source: P.A. 93-560, eff. 8-20-03; 94-312, eff. 7-25-05.)
Section 99. Effective date. This Act takes effect upon
becoming law.