94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0126


 
Introduced 2/1/2005, by Sen. Susan Garrett
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/23-20









    Amends the Property Tax Code. In a provision concerning refunds, provides that no interest shall be paid as to that portion of the refund attributable to the levies of any school district. Effective January 1, 2006.
















LRB094 07148 BDD 37302 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0126

LRB094 07148 BDD 37302 b






1
    AN ACT concerning revenue.

 
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 23-20 as follows:
 



6
    (35 ILCS 200/23-20)



7
    Sec. 23-20. Effect of protested payments; refunds. No 
8
protest shall
prevent or be a cause of delay in the 
9
distribution of
tax collections to the taxing districts of any 
10
taxes collected which were
not paid under protest.
If the final 
11
order of the Property Tax Appeal Board or of a court results
in 
12
a refund to the taxpayer, refunds shall be made by the 
13
collector from
funds
remaining in the Protest Fund until such 
14
funds are exhausted and
thereafter from the next funds 
15
collected after entry of the final order until
full payment of 
16
the refund and interest thereon has been made.  Interest from 
17
the date of payment, regardless of whether the
payment was made 
18
before the effective date of
this
amendatory Act of 1997, or 
19
from the date payment is due,
whichever is
later, to the date 
20
of refund shall also be paid
to
the taxpayer at the rate of 5% 
21
per year, except that no interest shall be paid as to that 
22
portion of the refund attributable to the levies of any school 
23
district.

24
(Source: P.A. 90-556, eff. 12-12-97.)

 

25
    Section 99. Effective date. This Act takes effect on 
26
January 1, 2006.