103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5140

 

Introduced 2/9/2024, by Rep. Steven Reick

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/21-45

    Amends the Property Tax Code. Makes a technical change in a Section concerning issuance of a tax bill.


LRB103 38141 HLH 68273 b

 

 

A BILL FOR

 

HB5140LRB103 38141 HLH 68273 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 21-45 as follows:
 
6    (35 ILCS 200/21-45)
7    Sec. 21-45. Failure to issue tax bill in prior year. In the
8the event no tax bill was issued as provided in Section 21-30,
9on any property in any previous year for any reason, one tax
10bill shall be prepared and mailed by July 1 of the year
11subsequent to the year in which no tax bill was issued, and
12taxes on that property for that year only shall bear interest
13after the first day of August of that year. In counties with
14fewer than 3,000,000 inhabitants, interest shall accrue at the
15rate of 1 1/2% per month or portion thereof until paid or
16forfeited. In counties with 3,000,000 or more inhabitants, if
17the taxes are for a tax year before tax year 2023, then
18interest shall accrue at the rate of 1.5% per month, or portion
19thereof, until paid or forfeited. In counties with 3,000,000
20or more inhabitants, if the taxes are for the 2023 tax year or
21any tax year thereafter, then interest shall accrue at the
22rate of 0.75% per month, or portion thereof, until paid or
23forfeited.

 

 

HB5140- 2 -LRB103 38141 HLH 68273 b

1(Source: P.A. 103-555, eff. 1-1-24.)