Bill Text: IL HB3362 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Makes a technical change in a Section concerning distribution of taxes in counties of less than 3,000,000 inhabitants.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3362 Detail]
Download: Illinois-2019-HB3362-Introduced.html
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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The Property Tax Code is amended by changing | |||||||||||||||||||
| 5 | Section 20-130 as follows:
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| 6 | (35 ILCS 200/20-130)
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| 7 | Sec. 20-130.
Distribution of taxes in counties of less than | |||||||||||||||||||
| 8 | 3,000,000;
return of erroneous distribution.
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| 9 | (a) All
distributions of taxes collected and
and interest | |||||||||||||||||||
| 10 | earned thereon by a county on
behalf of taxing districts must | |||||||||||||||||||
| 11 | be made by the county treasurer, in counties
with less than | |||||||||||||||||||
| 12 | 3,000,000 inhabitants, within 30 days after the due date and at
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| 13 | 30 days intervals thereafter, unless the amount to be | |||||||||||||||||||
| 14 | distributed is less than
$5. The county treasurer shall | |||||||||||||||||||
| 15 | distribute the taxes collected at the next
30-day interval if | |||||||||||||||||||
| 16 | the taxes collected are $5 or more. If the tax collections
for | |||||||||||||||||||
| 17 | a taxing district are less than $5 for 3 consecutive 30-day | |||||||||||||||||||
| 18 | intervals, the
county treasurer shall automatically distribute | |||||||||||||||||||
| 19 | the taxes collected to the unit
of local government on the | |||||||||||||||||||
| 20 | third 30-day interval. The county treasurer shall
determine the | |||||||||||||||||||
| 21 | manner in which all distributions under this Section are to be
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| 22 | made. The manner of distribution may include, but is not | |||||||||||||||||||
| 23 | limited to, check or
electronic funds transfer. | |||||||||||||||||||
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| 1 | (b) Notwithstanding any other law to the contrary, if a | ||||||
| 2 | county makes an
erroneous distribution of taxes collected and | ||||||
| 3 | interest earned thereon, upon
majority
vote of the governing | ||||||
| 4 | board of the taxing district that received the
erroneous | ||||||
| 5 | distribution, the taxing district shall return the funds to the
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| 6 | county treasurer.
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| 7 | (Source: P.A. 91-378, eff. 7-30-99.)
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