093_SB0873sam002

 










                                     LRB093 02815 SJM 13402 a

 1                    AMENDMENT TO SENATE BILL 873

 2        AMENDMENT NO.     .  Amend Senate Bill 873,  AS  AMENDED,
 3    with  reference  to page and line numbers of Senate Amendment
 4    No. 1, on page 2, line 6, after the period, by inserting  the
 5    following:
 6    "The  tax compensation shall be determined in accordance with
 7    Section 15-55 of the Property Tax Code."; and

 8    on page 2, by replacing line 24 with "assessment year,  and";
 9    and

10    on  page  4,  line  23,  after  the  period, by inserting the
11    following:
12    "Annually  the  Will  County  Treasurer  shall  distribute  a
13    portion  of  the  entire  payment  for  each  parcel  to  the
14    corporate authorities of each taxing district  in  an  amount
15    equal  to  that  taxing  district's  pro  rata  share of that
16    parcel's 2001 property tax bill. The  Will  County  Treasurer
17    shall  treat the annual Department of Transportation payments
18    as taxes for the limited purpose of distributing the payments
19    in accordance with Sections  20-85  through  20-160  of  this
20    Code.".