Bill Text: IL HB0085 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that interest charged for taxes deferred under the Act shall be at the rate of 3% per year (instead of 6% per year) beginning in taxable year 2013. Effective immediately.
Spectrum: Partisan Bill (Democrat 12-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB0085 Detail]
Download: Illinois-2013-HB0085-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 85
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| 2 | AMENDMENT NO. ______. Amend House Bill 85 on page 3, by | ||||||
| 3 | replacing lines 9 through 11 with the following:
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| 4 | "any
interest accrued thereon at the rate of (i) 6% per year | ||||||
| 5 | through taxable year 2012 and beginning again in taxable year | ||||||
| 6 | 2018 and (ii) 3% per year in taxable years 2013 through 2017 | ||||||
| 7 | are a lien on the real
estate and improvements thereon".
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