SB3036 EnrolledLRB098 17266 HLH 52360 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 18-35 as follows:
 
6    (35 ILCS 200/18-35)
7    Sec. 18-35. Collector's books; columns. Each county clerk
8shall prepare the collector's books with 4 columns for the
9value of each property, the first to show the assessed value by
10the chief county assessment officer, the second to show the
11value as corrected by the board of review or board of appeals,
12the third to show the value as equalized by the board of review
13under Sections 16-60 and 16-65, and the fourth to show the
14value as equalized or assessed by the Department. Such books
15may be created, transmitted, and stored in an electronic
16format. If a municipality has adopted tax increment allocation
17financing under Division 74.4 of Article 11 of the Illinois
18Municipal Code, the county clerk, or clerks if a municipality
19is located in more than one county, shall provide additional
20columns for the initial equalized assessed value, for the
21extension of the taxes and other purposes, and for the amount
22of the tax to be deposited in the special tax allocation fund.
23The books also shall contain a column to insert opposite each

 

 

SB3036 Enrolled- 2 -LRB098 17266 HLH 52360 b

1parcel of property any tax sale or forfeiture for taxes or
2special assessments for the 2 preceding years not canceled or
3withdrawn from collection at any tax sale. Tax sales shall be
4designated by the word "sold", forfeited, withdrawn or other
5appropriate designation to be stamped in the proper column
6opposite the property listing not released prior to December
71st of each year. Each county collector shall stamp upon all
8receipts given for taxes the information in those columns, to
9be known as the tax sale column and the delinquent special
10assessment column. The county clerk shall collect the same fee
11for stamping forfeitures, as for tax sales and withdrawals.
12(Source: P.A. 79-1525; 88-455.)
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.