92nd General Assembly
Summary of HB3751
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House Sponsors:

Short description: 
PROP TAX-REFUNDS-THIRD PARTIES                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code. Provides that when a refund for  an      
   erroneous  assessment  or  overpayment  is  sought by a third party on      
   behalf of a taxpayer and  that  third  party  seeks  compensation  for      
   obtaining  the  refund, (i) compensation to the third party is limited      
   to a maximum of 20% of the refund, (ii) the third party must file with      
   the county collector a written retainer conspicuously  disclosing  the      
   amount  of  the compensation to the third party, (iii) the third party      
   must provide full information as  to  the  name  and  address  of  the      
   taxpayer  so that a check for the taxpayer's portion of the refund can      
   be provided directly to the taxpayer, and (iv) the  third  party  must      
   provide  the  county  collector  with the appropriate Internal Revenue      
   Service forms and the county collector must annually report the income      
   paid to the third party  to  the  Internal  Revenue  Service  and  the      
   Illinois Department of Revenue. Effective immediately.                      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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