Full Text of HB0829 94th General Assembly
HB0829eng 94TH GENERAL ASSEMBLY
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing | 5 |
| Section 21-330 as follows:
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| (35 ILCS 200/21-330)
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| Sec. 21-330. Fund for payment of interest. In counties of | 8 |
| under 3,000,000
inhabitants, the county board may impose a fee | 9 |
| of up to $60, which shall be
paid
to the county collector, upon | 10 |
| each person purchasing any property at a sale
held under this | 11 |
| Code, prior to the issuance of any certificate of purchase.
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| Each person purchasing
any
property at a sale held under this | 13 |
| Code in a county with 3,000,000 or more
inhabitants shall pay | 14 |
| to the county collector,
prior to the issuance of any | 15 |
| certificate of purchase, a fee of $100 for each
item purchased. | 16 |
| That amount shall be included in the
price paid for the | 17 |
| certificate of purchase and the amount required to redeem
under | 18 |
| Section 21-355.
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| All sums of money received under this Section shall be paid | 20 |
| by the
collector to the county treasurer of the county in which | 21 |
| the property is
situated for deposit into a special fund. It
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| shall be the duty of the county treasurer, as trustee of the | 23 |
| fund, to
invest the principal and income of the fund from time | 24 |
| to time, if not
immediately required for payments under this | 25 |
| Section, in investments as are
authorized by Sections 3-10009 | 26 |
| and 3-11002 of the Counties Code. The fund
shall be held to pay | 27 |
| interest and costs
by the county treasurer as trustee of the | 28 |
| fund. No payment shall be made
from the fund except by order of | 29 |
| the court declaring a sale in error under
Section 21-310, | 30 |
| 22-35, or 22-50
or by declaration of the county collector under | 31 |
| subsection (c) of Section
21-310.
Any moneys accumulated in the | 32 |
| fund by the county treasurer in excess of (i) $100,000 in |
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HB0829 Engrossed |
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| counties with 250,000 or less inhabitants or (ii) $500,000 in | 2 |
| counties with more than 250,000 inhabitants shall be paid each | 3 |
| year prior to the commencement of the
annual tax sale, first to | 4 |
| satisfy
any existing unpaid judgments entered pursuant to | 5 |
| Section 21-295, and any funds
remaining thereafter shall be | 6 |
| paid to the general fund of the county.
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| (Source: P.A. 92-224, eff. 1-1-02; 92-729, eff. 7-25-02.)
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| Section 10. The Mobile Home Local Services Tax Enforcement | 9 |
| Act is amended by changing Section 275 as follows:
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| (35 ILCS 516/275)
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| Sec. 275. Fund for payment of interest. In counties of | 12 |
| under 3,000,000
inhabitants, the county board may impose a fee | 13 |
| of up to $10, which shall be
paid to the county collector, upon | 14 |
| each person purchasing any mobile home at a
sale held under | 15 |
| this Act, prior to the issuance of any certificate of purchase.
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| That amount shall be included in the price paid for the
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| certificate of purchase and the amount required to redeem under | 18 |
| Section 300.
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| All sums of money received under this Section shall be paid | 20 |
| by the
collector to the county treasurer of the county in which | 21 |
| the mobile home is
situated for deposit into a special fund. It
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| shall be the duty of the county treasurer, as trustee of the | 23 |
| fund, to
invest the principal and income of the fund from time | 24 |
| to time, if not
immediately required for payments under this | 25 |
| Section, in investments as are
authorized by Sections 3-10009 | 26 |
| and 3-11002 of the Counties Code. The fund
shall be held to | 27 |
| satisfy orders for payment of interest and costs obtained
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| against the county treasurer as trustee of the fund. No payment | 29 |
| shall be made
from the fund except by order of the court | 30 |
| declaring a sale in error under
Section 255. Any moneys | 31 |
| accumulated in the fund by the county treasurer in
excess of | 32 |
| (i) $100,000 in counties with 250,000 or less inhabitants or | 33 |
| (ii) $500,000 in counties with more than 250,000 inhabitants
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| shall be paid each year prior to the commencement of the
annual |
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| tax sale, first to satisfy
any existing unpaid judgments | 2 |
| entered pursuant to Section 235, and any funds
remaining | 3 |
| thereafter shall be paid to the general fund of the county.
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| (Source: P.A. 92-807, eff. 1-1-03.)
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| Section 99. Effective date. This Act takes effect upon | 6 |
| becoming law.
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