101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4576
 
Introduced 2/5/2020, 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.
  


LRB101 18423 HLH 67871 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB4576LRB101 18423 HLH 67871 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Property Tax Code is amended  by adding 
5Section 21-41 as follows:
 
6    (35 ILCS 200/21-41 new)
7    Sec. 21-41. Due dates; senior citizens.  Notwithstanding 
8any other due dates provided for under this Act, beginning with 
9the 2020 tax year payable in 2021, in the case of property that 
10is occupied as a residence by a person who: (1) is 55 years of 
11age or older during the taxable year; (2) is liable for paying 
12real estate taxes on the property; and (3) is an owner of 
13record of the property or has a legal or equitable interest in 
14the property as evidenced by a written instrument, except for a 
15leasehold interest that is not a leasehold interest in land on 
16which a single family residence is located, property taxes 
17shall be paid on a monthly basis.
18    The property taxes due and payable by an eligible taxpayer 
19under this Section shall be billed monthly over a 12-month 
20period. Those payments shall be in equal monthly installments 
21to the extent practical. The 12-month period shall commence on 
22the first due date for property taxes in the county in which 
23the property is located. 
 
 
HB4576- 2 -LRB101 18423 HLH 67871 b

1    No monthly payment made under the provisions of this 
2Section shall be classified as delinquent until the expiration 
3of 90 days after the date the monthly payment was due. 
 
 
4    Section 99. Effective date. This Act takes effect upon 
5becoming law.