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| Public Act 096-1297 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 21-25 as follows: | ||||
(35 ILCS 200/21-25)
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Sec. 21-25. Due dates; accelerated billing in counties of | ||||
3,000,000 or more.
Except as hereinafter provided and as | ||||
provided in Section 21-40, in
counties with 3,000,000 or more | ||||
inhabitants
in which the accelerated method of billing and | ||||
paying taxes provided for in
Section 21-30 is in effect, the | ||||
estimated first installment of unpaid taxes
shall be deemed | ||||
delinquent and shall bear interest after March 1 at the rate of
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1 1/2% per month or portion thereof until paid or forfeited. | ||||
For tax year 2010, the estimated first installment of unpaid | ||||
taxes shall be deemed delinquent and shall bear interest after | ||||
April 1 at the rate of 1.5% per month or portion thereof until | ||||
paid or forfeited. For all tax years, the The second
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installment of unpaid taxes shall be deemed delinquent and | ||||
shall bear interest
after August 1 annually at the same | ||||
interest rate until paid or forfeited.
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If the county board elects by ordinance adopted prior to | ||||
July 1 of a levy
year to provide for taxes to be paid in 4 | ||||
installments, each installment for
that levy year and each | ||
subsequent year shall be deemed delinquent and shall
begin to | ||
bear interest 30 days after the date specified by the ordinance | ||
for
mailing bills, at the rate of 1 1/2% per month or portion | ||
thereof, until paid
or forfeited.
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Payment received by mail and postmarked on or before the | ||
required due date
is not delinquent.
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Taxes levied on homestead property in which a member of the | ||
National Guard or
reserves of the armed forces of the United | ||
States who was called to active duty
on or after August 1, | ||
1990, and who has an ownership interest, shall not be
deemed | ||
delinquent and no interest shall accrue or be charged as a | ||
penalty on
such taxes due and payable in 1991 or 1992 until one | ||
year after that member
returns to civilian status.
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If an Illinois resident who is a member of the Illinois | ||
National Guard
or a reserve component of the armed forces of | ||
the United States
and who has an ownership interest in property | ||
taxed under this Act is
called to
active duty
for deployment | ||
outside the continental United States
and
is on active duty on | ||
the due date of any installment of taxes due under
this Act, he | ||
or she shall not be deemed delinquent in the payment of the
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installment and no interest shall accrue or be charged as a | ||
penalty on the
installment until 180 days after that member | ||
returns to
civilian
status.
To be deemed not delinquent in the | ||
payment of an installment of taxes and any
interest
on that | ||
installment, the reservist or guardsperson must make a | ||
reasonable effort to notify the county clerk and the county | ||
collector of his or her activation to active duty and must | ||
notify the county clerk and the county collector
within 180
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days after his or her deactivation and provide verification of | ||
the date of his
or her
deactivation. An installment of property | ||
taxes on the property of any reservist
or
guardsperson who | ||
fails to provide timely notice and verification of
deactivation | ||
to the
county clerk is subject to interest and penalties as | ||
delinquent taxes under
this Code from
the date of deactivation.
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(Source: P.A. 94-312, eff. 7-25-05.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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