Bill Text: IL HB4668 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, with respect to certificates of error issued on and after the effective date of the amendatory Act that are presented to the circuit court, interest shall be paid from 60 days after the certificate of error is adjudicated by the circuit court (instead of 60 days after the certificate of error is issued). Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee [HB4668 Detail]

Download: Illinois-2009-HB4668-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB4668 Introduced , by Rep. Arthur L. Turner SYNOPSIS AS INTRODUCED:
35 ILCS 200/20-178
Amends the Property Tax Code. Provides that, with respect to certificates of error issued on and after the effective date of the amendatory Act that are presented to the circuit court, interest shall be paid from 60 days after the certificate of error is adjudicated by the circuit court (instead of 60 days after the certificate of error is issued). Effective immediately.
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FISCAL NOTE ACT MAY APPLY
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 20-178 as follows:
(35 ILCS 200/20-178)
Sec. 20-178. Certificate of error; refund; interest. When
the county collector makes any refunds due on certificates of
error issued under Sections 14-15 through 14-25 that have been
either certified or adjudicated, the county collector shall pay
the taxpayer interest on the amount of the refund at the rate
of 0.5% per month.
No interest shall be due under this Section for any time
prior to 60 days after the effective date of this amendatory
Act of the 91st General Assembly. For certificates of error
issued prior to the effective date of this amendatory Act of
the 91st General Assembly, the county collector shall pay the
taxpayer interest from 60 days after the effective date of this
amendatory Act of the 91st General Assembly until the date the
refund is paid. For certificates of error issued on or after
the effective date of this amendatory Act of the 91st General
Assembly and prior to the effective date of this amendatory Act
of the 96th General Assembly, interest shall be paid from 60

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days after the certificate of error is issued by the chief
county assessment officer to the date the refund is made. For
certificates of error issued on or after the effective date of
this amendatory Act of the 96th General Assembly and which are
presented to the circuit court pursuant to Section 14-15 of
this Code, interest shall be paid from 60 days after the
certificate of error is adjudicated by the circuit court to the
date the refund is made. For certificates of error issued on or
after the effective date of this amendatory Act of the 96th
General Assembly and which are not presented to the circuit
court pursuant to Section 14-15 of this Code, interest shall be
paid from 60 days after the certificate of error is issued by
the chief county assessment officer to the date the refund is
made. To cover the cost of interest, the county collector shall
proportionately reduce the distribution of taxes collected for
each taxing district in which the property is situated.
This Section shall not apply to any certificate of error
granting a homestead exemption under Section 15-170, 15-172,
15-175, 15-176, or 15-177.
(Source: P.A. 95-644, eff. 10-12-07.)
Section 99. Effective date. This Act takes effect upon