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HB4501 Engrossed |
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LRB093 18538 SJM 44259 b |
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing
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| Section 21-45 as follows:
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| (35 ILCS 200/21-45)
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| Sec. 21-45. Failure to issue tax bill in prior year. In the |
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| event no tax
bill was issued as provided in Section 21-30, on |
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| any property in any previous
year for any reason, one tax bill |
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| shall be prepared and mailed by July 1 of the
year subsequent |
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| to the year in which no tax bill was issued, and taxes on that
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| property for that year only shall bear interest after the first |
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| day of August
of that year at the rate of 1 1/2% per month or |
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| portion of the month
thereof until paid or
forfeited.
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| (Source: P.A. 87-17; 88-455.)
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