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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3362 Introduced , by Rep. Terri Bryant SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Makes a technical change in a Section
concerning distribution of taxes in counties of less than 3,000,000
inhabitants.
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| | A BILL FOR |
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| | HB3362 | | LRB101 09835 HLH 54937 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 20-130 as follows:
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| 6 | | (35 ILCS 200/20-130)
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| 7 | | Sec. 20-130.
Distribution of taxes in counties of less than |
| 8 | | 3,000,000;
return of erroneous distribution.
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| 9 | | (a) All
distributions of taxes collected and
and interest |
| 10 | | earned thereon by a county on
behalf of taxing districts must |
| 11 | | be made by the county treasurer, in counties
with less than |
| 12 | | 3,000,000 inhabitants, within 30 days after the due date and at
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| 13 | | 30 days intervals thereafter, unless the amount to be |
| 14 | | distributed is less than
$5. The county treasurer shall |
| 15 | | distribute the taxes collected at the next
30-day interval if |
| 16 | | the taxes collected are $5 or more. If the tax collections
for |
| 17 | | a taxing district are less than $5 for 3 consecutive 30-day |
| 18 | | intervals, the
county treasurer shall automatically distribute |
| 19 | | the taxes collected to the unit
of local government on the |
| 20 | | third 30-day interval. The county treasurer shall
determine the |
| 21 | | manner in which all distributions under this Section are to be
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| 22 | | made. The manner of distribution may include, but is not |
| 23 | | limited to, check or
electronic funds transfer. |