|
Public Act 097-0655
|
HB0508 Enrolled | LRB097 03332 HLH 43369 b |
|
|
AN ACT concerning revenue.
|
Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
|
Section 5. The Property Tax Code is amended by changing |
Section 21-27 as follows:
|
(35 ILCS 200/21-27)
|
Sec. 21-27. Waiver of interest penalty. |
(a) On the recommendation
of the county treasurer, the |
county board may adopt a resolution under which an
interest |
penalty for the delinquent payment of taxes for any year that
|
otherwise would be imposed under Section 21-15, 21-20, or 21-25 |
shall be waived
in the case of any person who meets all of the |
following criteria:
|
(1) The person is determined eligible for a grant under |
the Senior
Citizens and Disabled Persons Property Tax |
Relief and Pharmaceutical Assistance
Act with respect to |
the taxes for that year.
|
(2) The person requests, in writing, on a form approved |
by the county
treasurer, a waiver of the interest penalty, |
and the request is filed with the
county treasurer on or |
before the first day of the month that an installment of
|
taxes is due.
|
(3) The person pays the installment of taxes due, in |
|
full, on or before
the third day of the month that the |
installment is due.
|
(4) The county treasurer approves the request for a |
waiver.
|
(b) With respect to property that qualifies as a brownfield |
site under Section 58.2 of the Environmental Protection Act, |
the county board, upon the recommendation
of the county |
treasurer, may , within 60 days after the effective date of this |
amendatory Act of the 95th General Assembly, adopt a resolution |
to waive an
interest penalty for the delinquent payment of |
taxes for any year prior to the 2008 taxable year that
|
otherwise would be imposed under Section 21-15, 21-20, or 21-25 |
if all of the following criteria are met: |
(1) the property has delinquent taxes and an |
outstanding interest penalty and the amount of that |
interest penalty is so large as to, possibly, result in all |
of the taxes becoming uncollectible; |
(2) the property is part of a redevelopment plan of a |
unit of local government and that unit of local government |
does not oppose the waiver of the interest penalty; |
(3) the redevelopment of the property will benefit the |
public interest by remediating the brownfield |
contamination; |
(4) the taxpayer delivers to the county treasurer (i) a |
written request for a waiver of the interest penalty, on a |
form approved by the county
treasurer, and (ii) a copy of |
|
the redevelopment plan for the property; |
(5) the taxpayer pays, in full, the amount of up to the |
amount of the first 2 installments of taxes due, to be held |
in escrow pending the approval of the waiver, and enters |
into an agreement with the county treasurer setting forth a |
schedule for the payment of any remaining taxes due; and |
(6) the county treasurer approves the request for a |
waiver. |
(Source: P.A. 95-644, eff. 10-12-07.)
|
Section 99. Effective date. This Act takes effect upon |
becoming law.
|