Bill Text: IL HB4245 | 2019-2020 | 101st General Assembly | Introduced

---

Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that, from January 4, 2021 through March 1, 2021, taxpayers may apply for a loan up to the amount of $15,000 to pay all or a part of real estate taxes payable and due from preceding years. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4245 Detail]

Download: Illinois-2019-HB4245-Introduced.html

---

101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB4245 Introduced , by Rep. Debbie Meyers-Martin SYNOPSIS AS INTRODUCED:
320 ILCS 30/9 new
Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that, from January 4, 2021 through March 1, 2021, taxpayers may apply for a loan up to the amount of $15,000 to pay all or a part of real estate taxes payable and due from preceding years. Effective immediately.
LRB101 17417 HLH 66825 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB4245 LRB101 17417 HLH 66825 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Senior Citizens Real Estate Tax Deferral Act
is amended by adding Section 9 as follows:
(320 ILCS 30/9 new)
Sec. 9. Taxpayer loans.
(a) From January 4, 2021 through March 1, 2021, subject to
appropriation, a taxpayer may apply for a loan up to the amount
of $15,000 to pay all or a part of real estate taxes payable
and due from preceding years, including any interest and fees
due. The terms of any such loan, including, but not limited to,
provisions regarding interest, liens, and repayment, shall be
identical to the terms required for deferral of real estate
taxes under this Act. Eligibility for a loan under this Section
shall be identical the eligibility requirements under Section
3, except that:
(1) qualifying property may be subject to a lien for
unpaid real estate taxes when an application under this
Section is filed; and
(2) the application for a loan under this Section must
certify that the taxpayer has owned and occupied as his
residence, such property, or other qualifying property in

HB4245 - 2 - LRB101 17417 HLH 66825 b
the State for at least the last 10 years immediately
preceding the date of the application, except for any
periods during which the taxpayer may have temporarily
resided in a nursing or sheltered care home.
(b) Approval for any loan under this Section is subject to
approval by the Department to ensure that sufficient funds have
been appropriated. During the period from January 4, 2021
through March 1, 2021, at least on a weekly basis, the
Department shall report to county collectors the total number
loan applications received and the total number of loan dollars
requested. If the Department determines that the total of all
loan dollars requested under this Section are equal to or
greater than 90% or more of the total appropriated for such
loans, the Department shall inform county collectors that no
more loan applications shall be submitted or accepted.
Notwithstanding any provision of this Section to the contrary,
county collectors and the Department may reject any loan
application due to insufficient appropriations, based on rules
adopted by the Department in consultation with county
collectors.
Section 99. Effective date. This Act takes effect upon
becoming law.