Bill Text: IL SB2182 | 2013-2014 | 98th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Property Tax Code. Provides that school districts and community college districts shall submit a Fiscal Responsibility Report Card to the State Comptroller and the county clerk of each county in which any part of the taxing district is located. Amends the Illinois Municipal Code. Provides that Tax Increment Financing Reports must be filed electronically with the Comptroller within 180 days after the close of the municipal fiscal year or as soon thereafter as the audit for the redevelopment project area for that fiscal year becomes available. Allows the Comptroller to grant extensions. Provides that the Comptroller may charge a municipality a fee if the Tax Increment Financing Report is not filed in a timely manner. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2013-08-16 - Public Act . . . . . . . . . 98-0497 [SB2182 Detail]
Download: Illinois-2013-SB2182-Introduced.html
Bill Title: Amends the Property Tax Code. Provides that school districts and community college districts shall submit a Fiscal Responsibility Report Card to the State Comptroller and the county clerk of each county in which any part of the taxing district is located. Amends the Illinois Municipal Code. Provides that Tax Increment Financing Reports must be filed electronically with the Comptroller within 180 days after the close of the municipal fiscal year or as soon thereafter as the audit for the redevelopment project area for that fiscal year becomes available. Allows the Comptroller to grant extensions. Provides that the Comptroller may charge a municipality a fee if the Tax Increment Financing Report is not filed in a timely manner. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2013-08-16 - Public Act . . . . . . . . . 98-0497 [SB2182 Detail]
Download: Illinois-2013-SB2182-Introduced.html
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
1 | AN ACT concerning local government.
| ||||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||||
4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||||
5 | Section 30-30 as follows:
| ||||||||||||||||||||||||||
6 | (35 ILCS 200/30-30)
| ||||||||||||||||||||||||||
7 | Sec. 30-30. Fiscal Responsibility Report Card. The | ||||||||||||||||||||||||||
8 | corporate authorities authority of
each taxing district , other | ||||||||||||||||||||||||||
9 | than a school district, that imposes ad valorem
taxes, | ||||||||||||||||||||||||||
10 | including, but not limited to, school districts and community | ||||||||||||||||||||||||||
11 | college districts, within 180 days of the conclusion of the | ||||||||||||||||||||||||||
12 | fiscal year of the taxing
district, shall submit to the State | ||||||||||||||||||||||||||
13 | Comptroller and the county clerk of
each county in which a part | ||||||||||||||||||||||||||
14 | of the taxing district is located a Fiscal
Responsibility | ||||||||||||||||||||||||||
15 | Report Card in the form prescribed by the State Comptroller
| ||||||||||||||||||||||||||
16 | after consultation with other State Constitutional officers as | ||||||||||||||||||||||||||
17 | the State
Comptroller selects. The Fiscal Responsibility | ||||||||||||||||||||||||||
18 | Report Card shall inform
taxpayers about the amounts, sources, | ||||||||||||||||||||||||||
19 | and uses of tax revenues received and
expended by the taxing | ||||||||||||||||||||||||||
20 | district.
| ||||||||||||||||||||||||||
21 | (Source: P.A. 87-782; 87-1002; 88-455; incorporates 88-280;
| ||||||||||||||||||||||||||
22 | 88-670, eff. 12-2-94.)
|
| |||||||
| |||||||
1 | Section 10. The Illinois Municipal Code is amended by | ||||||
2 | changing Section 8-8-3.5 as follows:
| ||||||
3 | (65 ILCS 5/8-8-3.5)
| ||||||
4 | Sec. 8-8-3.5. Tax Increment Financing Report. The reports | ||||||
5 | filed under
subsection (d) of Section 11-74.4-5 of the Tax | ||||||
6 | Increment Allocation
Redevelopment Act and the reports filed | ||||||
7 | under subsection (d) of Section
11-74.6-22 of the Industrial | ||||||
8 | Jobs Recovery Law
in the Illinois Municipal Code must be | ||||||
9 | separate from any
other annual report filed with the | ||||||
10 | Comptroller. The Comptroller must, in
cooperation with | ||||||
11 | reporting municipalities, create
a format for the reporting of | ||||||
12 | information described in paragraphs (1.5)
and (5) and
in | ||||||
13 | subparagraph (G) of paragraph (7) of subsection (d) of Section
| ||||||
14 | 11-74.4-5 of
the Tax Increment Allocation Redevelopment Act
and | ||||||
15 | the information described in paragraphs (1.5) and (5) and in | ||||||
16 | subparagraph
(G) of paragraph (7) of subsection (d) of Section | ||||||
17 | 11-74.6-22 of the Industrial
Jobs Recovery Law
that facilitates | ||||||
18 | consistent
reporting among the reporting municipalities. The | ||||||
19 | Comptroller may allow these
reports to be filed electronically | ||||||
20 | and may display the report, or portions of
the report, | ||||||
21 | electronically via the Internet. All reports filed under this
| ||||||
22 | Section must be made available for examination and copying by | ||||||
23 | the public at all
reasonable times. A Tax Increment Financing | ||||||
24 | Report must be filed electronically with the Comptroller within | ||||||
25 | 180 days after the close of the municipal fiscal year or as |
| |||||||
| |||||||
1 | soon thereafter as the audit for the redevelopment
project area | ||||||
2 | for that fiscal year becomes available. If the Tax Increment | ||||||
3 | Finance administrator provides the Comptroller's office with | ||||||
4 | sufficient evidence that the report is in the process of being | ||||||
5 | completed by an auditor, the Comptroller may grant an | ||||||
6 | extension. If the required report is not filed within
the
time | ||||||
7 | extended by the Comptroller, the Comptroller may charge a | ||||||
8 | municipality a fee of $5 per day for the first 15 days past | ||||||
9 | due, $10 per day for 16 through 30 days past due, $15 per day | ||||||
10 | for 31 through 45 days past due, and $20 per day for the 46th | ||||||
11 | day and every day thereafter. All fees collected pursuant to | ||||||
12 | this Section shall be deposited into the Comptroller's | ||||||
13 | Administrative Fund.
| ||||||
14 | (Source: P.A. 91-478, eff. 11-1-99; 91-900, eff. 7-6-00.)
| ||||||
15 | Section 99. Effective date. This Act takes effect upon | ||||||
16 | becoming law.
|