Bill Title: Amends the Property Tax Code. In a Section concerning erroneous homestead exemptions, provides for the collection of and imposes penalties and interest on the erroneous exemption principal amount (instead of the back taxes due and owing). Defines "erroneous exemption principal amount" as the total amount of property tax principal that would have been billed to a property index number but for the erroneous homestead exemption or exemptions a taxpayer received. Makes changes concerning the collection and distribution of the erroneous exemption principal amount, penalties, and interest, to provide that the county treasurer shall collect and distribute those proceeds. Defines "taxpayer" and makes other changes.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB3476 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2014-04-28	HTML/Text	Link	View
Engrossed	2014-04-10	HTML/Text	Link	View
Introduced	2014-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3476

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3476 currently on file.

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