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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,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||
5 | Section 21-30 as follows:
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6 | (35 ILCS 200/21-30)
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7 | Sec. 21-30. Accelerated billing. Except as provided in this | ||||||||||||||||||||||||
8 | Section, Section 9-260, and Section 21-40, in
counties with
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9 | 3,000,000 or more inhabitants, by January 31 annually, | ||||||||||||||||||||||||
10 | estimated tax bills
setting out the first installment of | ||||||||||||||||||||||||
11 | property taxes for the preceding year,
payable in that year, | ||||||||||||||||||||||||
12 | shall be prepared and mailed. The first installment of
taxes on | ||||||||||||||||||||||||
13 | the estimated tax bills shall be computed at (i) 50% of the | ||||||||||||||||||||||||
14 | total of each
tax bill for the preceding year for taxes payable | ||||||||||||||||||||||||
15 | on or before December 31, 2008, and (ii) 55% of the total of | ||||||||||||||||||||||||
16 | each tax bill for the preceding year beginning with the first | ||||||||||||||||||||||||
17 | installment payable in 2009 .
If, prior to the preparation of | ||||||||||||||||||||||||
18 | the estimated tax bills, a certificate of
error has been either | ||||||||||||||||||||||||
19 | approved by a court on or before November 30 of the
preceding | ||||||||||||||||||||||||
20 | year or certified pursuant to Section 14-15 on or before | ||||||||||||||||||||||||
21 | November 30
of the preceding year, then the first installment | ||||||||||||||||||||||||
22 | of taxes on the estimated tax
bills shall be computed at (i) | ||||||||||||||||||||||||
23 | 50% of the total taxes for the preceding year as
corrected by |
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1 | the certificate of error for taxes payable on or before | ||||||
2 | December 31, 2008, and (ii) 55% of the total taxes for the | ||||||
3 | preceding year, as
corrected by the certificate of error, | ||||||
4 | beginning with the first installment payable in 2009 .
By June | ||||||
5 | 30 annually, actual tax bills shall
be prepared and mailed. | ||||||
6 | These bills shall set out total taxes due and the
amount of | ||||||
7 | estimated taxes billed in the first installment, and shall | ||||||
8 | state
the balance of taxes due for that year as represented by | ||||||
9 | the sum derived
from subtracting the amount of the first | ||||||
10 | installment from the total taxes due
for that year.
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11 | The county board may provide by ordinance, in counties with | ||||||
12 | 3,000,000 or more
inhabitants, for taxes to be paid in 4 | ||||||
13 | installments. For the levy year for
which the ordinance is | ||||||
14 | first effective and each subsequent year, estimated tax
bills | ||||||
15 | setting out the first, second, and third installment of taxes | ||||||
16 | for the
preceding year, payable in that year, shall be prepared | ||||||
17 | and mailed not later
than the date specified by ordinance. Each | ||||||
18 | installment on estimated tax bills
shall be computed at 25% of | ||||||
19 | the total of each tax bill for the preceding year.
By the date | ||||||
20 | specified in the ordinance, actual tax bills shall be prepared | ||||||
21 | and
mailed. These bills shall set out total taxes due and the | ||||||
22 | amount of estimated
taxes billed in the first, second, and | ||||||
23 | third installments and shall state the
balance of taxes due for | ||||||
24 | that year as represented by the sum derived from
subtracting | ||||||
25 | the amount of the estimated installments from the total taxes | ||||||
26 | due
for that year.
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1 | The county board of any county with less than 3,000,000 | ||||||
2 | inhabitants may, by
ordinance or resolution, adopt an | ||||||
3 | accelerated method of tax billing.
The county board may | ||||||
4 | subsequently rescind the ordinance or resolution and
revert to | ||||||
5 | the method otherwise provided for in this Code.
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6 | (Source: P.A. 93-560, eff. 8-20-03; 94-312, eff. 7-25-05.)
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7 | Section 99. Effective date. This Act takes effect upon | ||||||
8 | becoming law.
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