92nd General Assembly
Status of HB1017
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 Full Text  Bill Summary

   35 ILCS 200/21-15                                                           
   35 ILCS 200/21-20                                                           
   35 ILCS 200/21-25                                                           

        Amends the Property Tax Code.  Provides that, for  taxable  years      
   2001  and  thereafter,  with  some  exceptions,  property  assessed as      
   farmland upon which an installment of taxes remains unpaid on the  due      
   date  shall  be  deemed  delinquent and shall bear interest after that      
   date at the rate of 1/2% per month or portion thereof for a period  of      
   5  years,  after  which  time the rate of interest shall be 1 1/2% per      
   month or portion thereof until paid or  forfeited  (now,  1  1/2%  per      
   month   for   all   property   not   otherwise  excepted).   Effective      
   FEB-13-2001  H  FILED WITH CLERK                                               
   FEB-13-2001  H  FIRST READING                                                  
   FEB-13-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary