Bill Text: IL HB3979 | 2009-2010 | 96th General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. Provides that the fee paid by purchasers in a county with 3,000,000 or more inhabitants and deposited into a special fund for payment of interest and costs shall be $200 (now, $100). Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB3979 Detail]

Download: Illinois-2009-HB3979-Introduced.html

---

96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB3979 Introduced 2/26/2009, by Rep. William Davis SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-330
Amends the Property Tax Code. Provides that the fee paid by purchasers in a county with 3,000,000 or more inhabitants and deposited into a special fund for payment of interest and costs shall be $200 (now, $100). Effective immediately.
LRB096 02882 HLH 12896 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB3979 LRB096 02882 HLH 12896 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 changing
Section 21-330 as follows:
(35 ILCS 200/21-330)
Sec. 21-330. Fund for payment of interest. In counties of
under 3,000,000 inhabitants, the county board may impose a fee
of up to $60, which shall be paid to the county collector, upon
each person purchasing any property at a sale held under this
Code, prior to the issuance of any certificate of purchase.
Each person purchasing any property at a sale held under this
Code in a county with 3,000,000 or more inhabitants shall pay
to the county collector, prior to the issuance of any
certificate of purchase, a fee of $200 $100 for each item
purchased. That amount shall be included in the price paid for
the certificate of purchase and the amount required to redeem
under Section 21-355.
All sums of money received under this Section shall be paid
by the collector to the county treasurer of the county in which
the property is situated for deposit into a special fund. It
shall be the duty of the county treasurer, as trustee of the
fund, to invest the principal and income of the fund from time

HB3979 - 2 - LRB096 02882 HLH 12896 b
to time, if not immediately required for payments under this
Section, in investments as are authorized by Sections 3-10009
and 3-11002 of the Counties Code. The fund shall be held to pay
interest and costs by the county treasurer as trustee of the
fund. No payment shall be made from the fund except by order of
the court declaring a sale in error under Section 21-310,
22-35, or 22-50 or by declaration of the county collector under
subsection (c) of Section 21-310. Any moneys accumulated in the
fund by the county treasurer in excess of (i) $100,000 in
counties with 250,000 or less inhabitants or (ii) $500,000 in
counties with more than 250,000 inhabitants shall be paid each
year prior to the commencement of the annual tax sale, first to
satisfy any existing unpaid judgments entered pursuant to
Section 21-295, and any funds remaining thereafter shall be
paid to the general fund of the county.
(Source: P.A. 94-362, eff. 7-29-05.)
Section 99. Effective date. This Act takes effect upon
becoming law.