97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB6200

 

Introduced , by Rep. Michael J. Zalewski

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/21-30

    Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, the first installment of taxes for estimated property tax bills payable in calendar year 2013 and each calendar year thereafter shall be computed at 50% (instead of 55%) of the total of each tax bill for the preceding year. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 21-30 as follows:
 
6    (35 ILCS 200/21-30)
7    Sec. 21-30. Accelerated billing. Except as provided in this
8Section, Section 9-260, and Section 21-40, in counties with
93,000,000 or more inhabitants, by January 31 annually,
10estimated tax bills setting out the first installment of
11property taxes for the preceding year, payable in that year,
12shall be prepared and mailed. The first installment of taxes on
13the estimated tax bills shall be computed at (i) 50% of the
14total of each tax bill for the preceding year for taxes payable
15on or before December 31, 2009, and (ii) 55% of the total of
16each tax bill for the preceding year for taxes beginning with
17the first installment payable in calendar years 2010 through
182012, and (iii) 50% of the total of each tax bill for the
19preceding year for taxes payable in calendar year 2013 and each
20calendar year thereafter. If, prior to the preparation of the
21estimated tax bills, a certificate of error has been either
22approved by a court on or before November 30 of the preceding
23year or certified pursuant to Section 14-15 on or before

 

 

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1November 30 of the preceding year, then the first installment
2of taxes on the estimated tax bills shall be computed at (i)
350% of the total taxes for the preceding year as corrected by
4the certificate of error for taxes payable on or before
5December 31, 2009, and (ii) 55% of the total taxes for the
6preceding year, as corrected by the certificate of error, for
7taxes beginning with the first installment payable in calendar
8years 2010 through 2012, and (iii) 50% of the total taxes for
9the preceding year, as corrected by the certificate of error,
10for taxes payable in calendar year 2013 and each calendar year
11thereafter. By June 30 annually, actual tax bills shall be
12prepared and mailed. These bills shall set out total taxes due
13and the amount of estimated taxes billed in the first
14installment, and shall state the balance of taxes due for that
15year as represented by the sum derived from subtracting the
16amount of the first installment from the total taxes due for
17that year.
18    The county board may provide by ordinance, in counties with
193,000,000 or more inhabitants, for taxes to be paid in 4
20installments. For the levy year for which the ordinance is
21first effective and each subsequent year, estimated tax bills
22setting out the first, second, and third installment of taxes
23for the preceding year, payable in that year, shall be prepared
24and mailed not later than the date specified by ordinance. Each
25installment on estimated tax bills shall be computed at 25% of
26the total of each tax bill for the preceding year. By the date

 

 

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1specified in the ordinance, actual tax bills shall be prepared
2and mailed. These bills shall set out total taxes due and the
3amount of estimated taxes billed in the first, second, and
4third installments and shall state the balance of taxes due for
5that year as represented by the sum derived from subtracting
6the amount of the estimated installments from the total taxes
7due for that year.
8    The county board of any county with less than 3,000,000
9inhabitants may, by ordinance or resolution, adopt an
10accelerated method of tax billing. The county board may
11subsequently rescind the ordinance or resolution and revert to
12the method otherwise provided for in this Code.
13(Source: P.A. 96-490, eff. 8-14-09.)
 
14    Section 99. Effective date. This Act takes effect upon
15becoming law.