Illinois 2023-2024 Regular Session

Illinois House Bill HB1238

Introduced
1/18/23  
Refer
1/31/23  
Introduced
1/18/23  
Refer
2/15/23  
Refer
1/31/23  
Refer
3/10/23  
Refer
2/15/23  
Refer
3/10/23  

Caption

PROP TX-INSTALLMENT PAYMENTS

Impact

The implementation of HB1238 will serve to alleviate some financial burdens on homeowners struggling with property tax payments in larger counties. By allowing delinquent taxes to be paid over time, the bill aims to prevent tax sales that could lead to property loss. This shift towards a more accommodating payment structure could lead to significant changes in how tax delinquency is managed at the county level, promoting a more supportive approach for low-income homeowners.

Summary

House Bill 1238 amends the Property Tax Code in Illinois to establish an installment payment program aimed at assisting homeowners with delinquent property taxes. This bill mandates that counties with a population of 3 million or more must implement a program that allows taxpayers to pay off delinquent property taxes in monthly installments. Eligibility extends to those taxpayers who qualify for the general homestead exemption and have properties containing six or fewer residential units. The program is set to take effect immediately, allowing for payments of both current and prior year taxes.

Contention

Debate is likely to arise regarding the resource allocation necessary for county treasurers to effectively manage this installment program. Critics may argue that implementing such a program could complicate existing tax collection processes or place strains on administrative capabilities. Conversely, proponents contend that the benefits of preventing property loss through tax sales outweigh potential drawbacks, highlighting the need for support for homeowners during financial hardships.

Companion Bills

No companion bills found.

Previously Filed As

IL SB0074

PROP TX-INSTALLMENT PAYMENTS

IL HB4561

PROP TX-PROTEST PAYMENTS

IL HB2554

PROP TX-NOTICE/BONA FIDE LEASE

IL HB3258

PROP TX-INTEREST

IL HB1726

PROP TX-PROTEST PAYMENTS

IL SB2395

PROP TX-INTEREST RATE

IL SB1675

PROP TX-RELIGIOUS PROPERTY

IL HB2753

PROP TX-PAYMENTS

IL HB1377

PROP TX-NEW RESIDENTIAL

IL SB2832

PROP TX-PROBATE

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