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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5873 Introduced 2/16/2012, by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Makes a technical change in a Section
concerning issuance of a tax bill.
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| | A BILL FOR |
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| | HB5873 | | LRB097 18421 HLH 63647 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 21-45 as follows:
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| 6 | | (35 ILCS 200/21-45)
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| 7 | | Sec. 21-45. Failure to issue tax bill in prior year. In the
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| 8 | | the event no tax
bill was issued as provided in Section 21-30, |
| 9 | | on any property in any previous
year for any reason, one tax |
| 10 | | bill shall be prepared and mailed by July 1 of the
year |
| 11 | | subsequent to the year in which no tax bill was issued, and |
| 12 | | taxes on that
property for that year only shall bear interest |
| 13 | | after the first day of August
of that year at the rate of 1 1/2% |
| 14 | | per month or portion thereof until paid or
forfeited. |
| 15 | | (Source: P.A. 87-17; 88-455.)
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