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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3036 Introduced 2/7/2014, by Sen. Pamela J. Althoff SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Provides that the collector's books may be created, transmitted, and stored in an electronic format. Effective immediately.
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| | A BILL FOR |
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| | SB3036 | | LRB098 17266 HLH 52360 b |
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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,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 18-35 as follows:
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| 6 | | (35 ILCS 200/18-35)
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| 7 | | Sec. 18-35. Collector's books; columns. Each county clerk |
| 8 | | shall prepare the
collector's books with 4 columns for the |
| 9 | | value of each property, the first to
show the assessed value by |
| 10 | | the chief county assessment officer, the second to
show the |
| 11 | | value as corrected by the board of review or board of appeals, |
| 12 | | the
third to show the value as equalized by the board of review |
| 13 | | under Sections
16-60 and 16-65, and the fourth to show the |
| 14 | | value as equalized or assessed by
the Department. Such books |
| 15 | | may be created, transmitted, and stored in an electronic |
| 16 | | format. If a municipality has adopted tax increment allocation
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| 17 | | financing under Division 74.4 of Article 11 of the Illinois |
| 18 | | Municipal Code,
the county clerk, or clerks if a municipality |
| 19 | | is located in more than one
county, shall provide additional |
| 20 | | columns for the initial equalized assessed
value, for the |
| 21 | | extension of the taxes and other purposes, and for the amount |
| 22 | | of
the tax to be deposited in the special tax allocation fund. |
| 23 | | The books also
shall contain a column to insert opposite each |