103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5445

 

Introduced 2/9/2024, by Rep. Robert "Bob" Rita

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/23-20

    Amends the Property Tax Code. Provides that a claim for a refund resulting from a final order of the Property Tax Appeal Board shall not be allowed unless the claim is filed within 20 years after the date the right to a refund arose. Provides that the aggregate total of refunded taxes and interest shall not exceed $5,000,000 in any calendar year for claims filed more than 7 years after the right to the refund arose. Effective immediately.


LRB103 36475 HLH 66578 b

 

 

A BILL FOR

 

HB5445LRB103 36475 HLH 66578 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 23-20 as follows:
 
6    (35 ILCS 200/23-20)
7    Sec. 23-20. Effect of protested payments; refunds. No
8protest shall prevent or be a cause of delay in the
9distribution of tax collections to the taxing districts of any
10taxes collected which were not paid under protest. If the
11final order of the Property Tax Appeal Board or of a court
12results in a refund to the taxpayer, refunds shall be made by
13the collector from funds remaining in the Protest Fund until
14such funds are exhausted and thereafter from the next funds
15collected after entry of the final order until full payment of
16the refund and interest thereon has been made. Interest from
17the date of payment, regardless of whether the payment was
18made before the effective date of this amendatory Act of 1997,
19or from the date payment is due, whichever is later, to the
20date of refund shall also be paid to the taxpayer at the annual
21rate of the lesser of (i) 5% or (ii) the percentage increase in
22the Consumer Price Index For All Urban Consumers during the
2312-month calendar year preceding the levy year for which the

 

 

HB5445- 2 -LRB103 36475 HLH 66578 b

1refund was made, as published by the federal Bureau of Labor
2Statistics.
3    A claim for a refund resulting from a final order of the
4Property Tax Appeal Board shall not be allowed unless the
5claim is filed within 20 years after the date the right to a
6refund arose. However, the aggregate total of refunded taxes
7and interest shall not exceed $5,000,000 in any calendar year
8for claims filed more than 7 years after the right to the
9refund arose. If the payment of a claim for a refund would
10cause the aggregate total of taxes and interest for claims
11filed more than 7 years after the right to the refund arose to
12exceed $5,000,000 in any year, then the refund shall be paid in
13the next succeeding year.
14    The changes made to this Section by this amendatory Act of
15the 103rd General Assembly apply to claims for refunds filed
16on or after the first day of the first month following the
17effective date of this amendatory Act of the 103rd General
18Assembly.
19(Source: P.A. 94-558, eff. 1-1-06.)
 
20    Section 99. Effective date. This Act takes effect upon
21becoming law.