|
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0417 Introduced 2/8/2011, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
| | |
Amends the Property Tax Code. Makes a technical change in a Section
concerning issuance of a tax bill.
|
| |
| | A BILL FOR |
|
|
| | SB0417 | | LRB097 04239 HLH 44278 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 21-45 as follows:
|
| 6 | | (35 ILCS 200/21-45)
|
| 7 | | Sec. 21-45. Failure to issue tax bill in prior year. In the
|
| 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.)
|