Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

35 ILCS 200/23-20

(35 ILCS 200/23-20)

Sec. 23-20. Effect of protested payments; refunds.

No protest shall
prevent or be a cause of delay in the distribution of
tax collections to the taxing districts of any taxes collected which were
not paid under protest.
If the final order of the Property Tax Appeal Board or of a court results
in a refund to the taxpayer, refunds shall be made by the collector from
funds
remaining in the Protest Fund until such funds are exhausted and
thereafter from the next funds collected after entry of the final order until
full payment of the refund and interest thereon has been made.  Interest from the date of payment, regardless of whether the
payment was made before the effective date of
this
amendatory Act of 1997, or from the date payment is due,
whichever is
later, to the date of refund shall also be paid
to
the taxpayer at the annual rate of the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index For All Urban Consumers during the 12-month calendar year preceding the levy year for which the refund was made, as published by the federal Bureau of Labor Statistics.

(Source: P.A. 94-558, eff. 1-1-06.)