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| | HB0508 Enrolled | | LRB097 03332 HLH 43369 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 21-27 as follows:
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| 6 | | (35 ILCS 200/21-27)
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| 7 | | Sec. 21-27. Waiver of interest penalty. |
| 8 | | (a) On the recommendation
of the county treasurer, the |
| 9 | | county board may adopt a resolution under which an
interest |
| 10 | | penalty for the delinquent payment of taxes for any year that
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| 11 | | otherwise would be imposed under Section 21-15, 21-20, or 21-25 |
| 12 | | shall be waived
in the case of any person who meets all of the |
| 13 | | following criteria:
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| 14 | | (1) The person is determined eligible for a grant under |
| 15 | | the Senior
Citizens and Disabled Persons Property Tax |
| 16 | | Relief and Pharmaceutical Assistance
Act with respect to |
| 17 | | the taxes for that year.
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| 18 | | (2) The person requests, in writing, on a form approved |
| 19 | | by the county
treasurer, a waiver of the interest penalty, |
| 20 | | and the request is filed with the
county treasurer on or |
| 21 | | before the first day of the month that an installment of
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| 22 | | taxes is due.
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| 23 | | (3) The person pays the installment of taxes due, in |
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| 1 | | full, on or before
the third day of the month that the |
| 2 | | installment is due.
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| 3 | | (4) The county treasurer approves the request for a |
| 4 | | waiver.
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| 5 | | (b) With respect to property that qualifies as a brownfield |
| 6 | | site under Section 58.2 of the Environmental Protection Act, |
| 7 | | the county board, upon the recommendation
of the county |
| 8 | | treasurer, may, within 60 days after the effective date of this |
| 9 | | amendatory Act of the 95th General Assembly, adopt a resolution |
| 10 | | to waive an
interest penalty for the delinquent payment of |
| 11 | | taxes for any year prior to the 2008 taxable year that
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| 12 | | otherwise would be imposed under Section 21-15, 21-20, or 21-25 |
| 13 | | if all of the following criteria are met: |
| 14 | | (1) the property has delinquent taxes and an |
| 15 | | outstanding interest penalty and the amount of that |
| 16 | | interest penalty is so large as to, possibly, result in all |
| 17 | | of the taxes becoming uncollectible; |
| 18 | | (2) the property is part of a redevelopment plan of a |
| 19 | | unit of local government and that unit of local government |
| 20 | | does not oppose the waiver of the interest penalty; |
| 21 | | (3) the redevelopment of the property will benefit the |
| 22 | | public interest by remediating the brownfield |
| 23 | | contamination; |
| 24 | | (4) the taxpayer delivers to the county treasurer (i) a |
| 25 | | written request for a waiver of the interest penalty, on a |
| 26 | | form approved by the county
treasurer, and (ii) a copy of |
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| 1 | | the redevelopment plan for the property; |
| 2 | | (5) the taxpayer pays, in full, the amount of up to the |
| 3 | | amount of the first 2 installments of taxes due, to be held |
| 4 | | in escrow pending the approval of the waiver, and enters |
| 5 | | into an agreement with the county treasurer setting forth a |
| 6 | | schedule for the payment of any remaining taxes due; and |
| 7 | | (6) the county treasurer approves the request for a |
| 8 | | waiver. |
| 9 | | (Source: P.A. 95-644, eff. 10-12-07.)
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| 10 | | Section 99. Effective date. This Act takes effect upon |
| 11 | | becoming law.
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