PROP TAX-SIMPLE INTEREST House SponsorsRep. Arthur L. Turner 1/11/2011HouseSession Sine Die 35 ILCS 200/20-17835 ILCS 200/21-32035 ILCS 200/23-20 Amends the Property Tax Code. In Sections concerning interest paid on refunds due on certificates of error, sales in error, and refunds based on a final order of the Property Tax Appeal Board, provides that the interest shall be calculated as simple interest based only on the principal amount of the refund. Effective immediately. 1/29/2009HouseFiled with the Clerk by Rep. Arthur L. Turner 1/30/2009HouseFirst Reading 1/30/2009HouseReferred to Rules Committee 2/11/2009HouseAssigned to Executive Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die