Bill Text: IL HB2478 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, in the case of property that is occupied as a residence by a person who: (1) is 55 years of age or older during the taxable year; (2) is liable for paying real estate taxes on the property; and (3) is an owner of record of the property or has a legal or equitable interest in the property, property taxes shall be paid on a monthly basis. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB2478 Detail]

Download: Illinois-2021-HB2478-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB2478 Introduced , by Rep. Deanne M. Mazzochi SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-41 new
Amends the Property Tax Code. Provides that, in the case of property that is occupied as a residence by a person who: (1) is 55 years of age or older during the taxable year; (2) is liable for paying real estate taxes on the property; and (3) is an owner of record of the property or has a legal or equitable interest in the property, property taxes shall be paid on a monthly basis. Effective immediately.
LRB102 13575 HLH 18923 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB2478 LRB102 13575 HLH 18923 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 adding
Section 21-41 as follows:
(35 ILCS 200/21-41 new)
Sec. 21-41. Due dates; senior citizens. Notwithstanding
any other due dates provided for under this Act, beginning
with the 2022 tax year payable in 2023, in the case of property
that is occupied as a residence by a person who: (1) is 55
years of age or older during the taxable year; (2) is liable
for paying real estate taxes on the property; and (3) is an
owner of record of the property or has a legal or equitable
interest in the property as evidenced by a written instrument,
except for a leasehold interest that is not a leasehold
interest in land on which a single family residence is
located, property taxes shall be paid on a monthly basis.
The property taxes due and payable by an eligible taxpayer
under this Section shall be billed monthly over a 12-month
period. Those payments shall be in equal monthly installments
to the extent practical. The 12-month period shall commence on
the first due date for property taxes in the county in which
the property is located.

HB2478 - 2 - LRB102 13575 HLH 18923 b
No monthly payment made under the provisions of this
Section shall be classified as delinquent until the expiration
of 90 days after the date the monthly payment was due.
Section 99. Effective date. This Act takes effect upon
becoming law.