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IL SB3751
Bill
AI Summary
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Amends the Property Tax Code to allow property tax refund claims in Cook County if the right to a refund arose less than 20 years prior to the application filing date.
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Permits refund applications filed after September 1, 2011 for claims arising more than 5 but less than 20 years before the application date.
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Removes the $350,000 aggregate cap on total taxes and interest refunded for all claims arising more than 5 years prior to the application filing date.
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Requires the Cook County Treasurer to accept refund claims by mail or in person and notify the public of these provisions on the Treasurer's website.
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Establishes that refunds are paid in the order claims are received, with taxes proportionately reduced for each taxing district where the property is located.
Legislative Description
PROP TX-CLAIM FOR REFUNDS
Last Action
Session Sine Die
1/8/2013