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| Public Act 097-0655 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 21-27 as follows:
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(35 ILCS 200/21-27)
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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
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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:
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(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.
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(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
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taxes is due.
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(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.
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(4) The county treasurer approves the request for a | ||
waiver.
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(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
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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.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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