Illinois General Assembly - Full Text of Public Act 095-0948
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Public Act 095-0948




Public Act 095-0948
HB5069 Enrolled LRB095 15255 BDD 41240 b

    AN ACT concerning revenue.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 3. The Illinois Income Tax Act is amended by
changing Section 404 as follows:
    (35 ILCS 5/404)  (from Ch. 120, par. 4-404)
    Sec. 404. Reallocation of Items.
    (a) If it appears to the Director that any agreement,
understanding or arrangement exists between any persons which
causes any person's base income allocable to this State to be
improperly or inaccurately reflected, the Director may adjust
such items of income and deduction, and any factor taken into
account in allocating income to this State, to such extent as
may reasonably be required to determine the base income of such
person properly allocable to this State.
    (b) The Director may not make an adjustment to base income
under this Section that has the same effect as retroactively
applying any amendments to this Act made by Public Act 93-0840,
Public Act 95-0233, or Public Act 95-0707.
(Source: P.A. 76-261.)
    Section 5. The Property Tax Code is amended by changing
Section 20-210 as follows:
    (35 ILCS 200/20-210)
    Sec. 20-210. Taxes payable in installments; payment under
specification. Except as otherwise provided in Section 21-30,
current taxes shall be payable in 2 equal installments. The
collector, when requested by the party paying the taxes, shall
receive and receipt for the taxes in installments. The
collector shall may receive taxes on part of any property
charged with taxes when a particular specification of the part
is furnished. If the tax on the remainder of the property
remains unpaid, the collector shall enter that specification in
his or her return, so that the part on which the tax remains
unpaid may be clearly known. The tax may be paid on an
undivided share of property. In that case, the collector shall
designate on his or her record upon whose undivided share the
tax has been paid.
(Source: P.A. 93-366, eff. 7-24-03.)
    Section 99. Effective date. This Act takes effect upon
becoming law, except that the changes in Section 5 of the Act
take effect on January 1, 2009.

Effective Date: 8/29/2008