|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1610 Introduced , by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
| | |
Amends the Property Tax Code. Makes a technical change in a Section
concerning distribution of taxes in counties of less than 3,000,000
inhabitants.
|
| |
| | A BILL FOR |
|
|
| | HB1610 | | LRB098 06027 HLH 36066 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 20-130 as follows:
|
| 6 | | (35 ILCS 200/20-130)
|
| 7 | | Sec. 20-130.
Distribution of taxes in counties of less than |
| 8 | | 3,000,000;
return of erroneous distribution.
|
| 9 | | (a) All
distributions of taxes collected and
and interest |
| 10 | | earned thereon by a county on
behalf of taxing districts must |
| 11 | | be made by the county treasurer, in counties
with less than |
| 12 | | 3,000,000 inhabitants, within 30 days after the due date and at
|
| 13 | | 30 days intervals thereafter, unless the amount to be |
| 14 | | distributed is less than
$5. The county treasurer shall |
| 15 | | distribute the taxes collected at the next
30-day interval if |
| 16 | | the taxes collected are $5 or more. If the tax collections
for |
| 17 | | a taxing district are less than $5 for 3 consecutive 30-day |
| 18 | | intervals, the
county treasurer shall automatically distribute |
| 19 | | the taxes collected to the unit
of local government on the |
| 20 | | third 30-day interval. The county treasurer shall
determine the |
| 21 | | manner in which all distributions under this Section are to be
|
| 22 | | made. The manner of distribution may include, but is not |
| 23 | | limited to, check or
electronic funds transfer. |