Illinois 2023-2024 Regular Session

Illinois House Bill HB2224 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	Public Act 103-0148
2	1		HB2224 EnrolledLRB103 30604 LNS 57044 b HB2224 Enrolled LRB103 30604 LNS 57044 b
3	2		HB2224 Enrolled LRB103 30604 LNS 57044 b
4		-	AN ACT concerning civil law.
5		-	Be it enacted by the People of the State of Illinois,
6		-	represented in the General Assembly:
7		-	Section 10. The Property Tax Code is amended by changing
8		-	Section 20-175 as follows:
9		-	(35 ILCS 200/20-175)
10		-	Sec. 20-175. Refund for erroneous assessments or
11		-	overpayments.
12		-	(a) In counties other than Cook County, if any property is
13		-	twice assessed for the same year, or assessed before it
14		-	becomes taxable, and the erroneously assessed taxes have been
15		-	paid either at sale or otherwise, or have been overpaid by the
16		-	same claimant or by different claimants, the County Collector,
17		-	upon being satisfied of the facts in the case, shall refund the
18		-	taxes to the proper claimant. When the County Collector is
19		-	unable to determine the proper claimant, the circuit court, on
20		-	petition of the person paying the taxes, or his or her agent,
21		-	and being satisfied of the facts in the case, shall direct the
22		-	county collector to refund the taxes and deduct the amount
23		-	thereof, pro rata, from the moneys due to taxing bodies which
24		-	received the taxes erroneously paid, or their legal
25		-	successors. Pleadings in connection with the petition provided
26		-	for in this Section shall conform to that prescribed in the
	3	+	1 AN ACT concerning civil law.
	4	+	2 Be it enacted by the People of the State of Illinois,
	5	+	3 represented in the General Assembly:
	6	+	4 Section 10. The Property Tax Code is amended by changing
	7	+	5 Section 20-175 as follows:
	8	+	6 (35 ILCS 200/20-175)
	9	+	7 Sec. 20-175. Refund for erroneous assessments or
	10	+	8 overpayments.
	11	+	9 (a) In counties other than Cook County, if any property is
	12	+	10 twice assessed for the same year, or assessed before it
	13	+	11 becomes taxable, and the erroneously assessed taxes have been
	14	+	12 paid either at sale or otherwise, or have been overpaid by the
	15	+	13 same claimant or by different claimants, the County Collector,
	16	+	14 upon being satisfied of the facts in the case, shall refund the
	17	+	15 taxes to the proper claimant. When the County Collector is
	18	+	16 unable to determine the proper claimant, the circuit court, on
	19	+	17 petition of the person paying the taxes, or his or her agent,
	20	+	18 and being satisfied of the facts in the case, shall direct the
	21	+	19 county collector to refund the taxes and deduct the amount
	22	+	20 thereof, pro rata, from the moneys due to taxing bodies which
	23	+	21 received the taxes erroneously paid, or their legal
	24	+	22 successors. Pleadings in connection with the petition provided
	25	+	23 for in this Section shall conform to that prescribed in the
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30	29		HB2224 Enrolled LRB103 30604 LNS 57044 b
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33		-	Civil Practice Law. Appeals may be taken from the judgment of
34		-	the circuit court, either by the county collector or by the
35		-	petitioner, as in other civil cases. A claim for refund shall
36		-	not be allowed unless a petition is filed within 5 years from
37		-	the date the right to a refund arose. If a certificate of error
38		-	results in the allowance of a homestead exemption not
39		-	previously allowed, the county collector shall pay the
40		-	taxpayer interest on the amount of taxes paid that are
41		-	attributable to the amount of the additional allowance, at the
42		-	rate of 6% per year. To cover the cost of interest, the county
43		-	collector shall proportionately reduce the distribution of
44		-	taxes collected for each taxing district in which the property
45		-	is situated. Any sum of money payable under this subsection
46		-	which remains unclaimed for 3 years after the amount was
47		-	payable shall be presumed to be abandoned and subject to
48		-	disposition under the Revised Uniform Unclaimed Property Act.
49		-	(a-1) In Cook County, if any property is twice assessed
50		-	for the same year, or assessed before it becomes taxable, and
51		-	the erroneously assessed taxes have been paid either at sale
52		-	or otherwise, or have been overpaid by the same claimant or by
53		-	different claimants, the Cook County Treasurer, upon being
54		-	satisfied of the facts in the case, shall refund the taxes to
55		-	the proper claimant. When the Cook County Treasurer is unable
56		-	to determine the proper claimant, the circuit court, on
57		-	petition of the person paying the taxes, or his or her agent,
58		-	and being satisfied of the facts in the case, shall direct the
59		-
60		-
61		-	Cook County Treasurer to refund the taxes plus costs of suit
62		-	and deduct the amount thereof, pro rata, from the moneys due to
63		-	taxing bodies which received the taxes erroneously paid, or
64		-	their legal successors. Pleadings in connection with the
65		-	petition provided for in this Section shall conform to that
66		-	prescribed in the Civil Practice Law. Appeals may be taken
67		-	from the judgment of the circuit court, either by the Cook
68		-	County Treasurer or by the petitioner, as in other civil
69		-	cases. A claim for refund shall not be allowed unless a
70		-	petition is filed within 20 years from the date the right to a
71		-	refund arose. The total amount of taxes and interest refunded
72		-	for claims under this subsection for which the right to a
73		-	refund arose prior to January 1, 2009 shall not exceed
74		-	$5,000,000 per year. If the payment of a claim for a refund
75		-	would cause the aggregate total of taxes and interest for all
76		-	claims to exceed $5,000,000 in any year, the refund shall be
77		-	paid in the next succeeding year. If a certificate of error
78		-	results in the allowance of a homestead exemption not
79		-	previously allowed, the Cook County Treasurer shall pay the
80		-	taxpayer interest on the amount of taxes paid that are
81		-	attributable to the amount of the additional allowance, at the
82		-	rate of 6% per year. To cover the cost of interest, the Cook
83		-	County Treasurer shall proportionately reduce the distribution
84		-	of taxes collected for each taxing district in which the
85		-	property is situated. Any sum of money payable under this
86		-	subsection which remains unclaimed for 3 years after the
87		-
88		-
89		-	amount was payable shall be presumed to be abandoned and
90		-	subject to disposition under the Revised Uniform Unclaimed
91		-	Property Act.
92		-	(b) Notwithstanding any other provision of law, in Cook
93		-	County a claim for refund under this Section is also allowed if
94		-	the application therefor is filed between September 1, 2011
95		-	and September 1, 2012 and the right to a refund arose more than
96		-	5 years prior to the date the application is filed but not
97		-	earlier than January 1, 2000. The Cook County Treasurer, upon
98		-	being satisfied of the facts in the case, shall refund the
99		-	taxes to the proper claimant and shall proportionately reduce
100		-	the distribution of taxes collected for each taxing district
101		-	in which the property is situated. Refunds under this
102		-	subsection shall be paid in the order in which the claims are
103		-	received. The Cook County Treasurer shall not accept a claim
104		-	for refund under this subsection before September 1, 2011. For
105		-	the purposes of this subsection, the Cook County Treasurer
106		-	shall accept a claim for refund by mail or in person. In no
107		-	event shall a refund be paid under this subsection if the
108		-	issuance of that refund would cause the aggregate total of
109		-	taxes and interest refunded for all claims under this
110		-	subsection to exceed $350,000. The Cook County Treasurer shall
111		-	notify the public of the provisions of this subsection on the
112		-	Treasurer's website. A home rule unit may not regulate claims
113		-	for refunds in a manner that is inconsistent with this Act.
114		-	This Section is a limitation of home rule powers under
115		-
116		-
117		-	subsection (i) of Section 6 of Article VII of the Illinois
118		-	Constitution.
119		-	(Source: P.A. 100-1104, eff. 8-27-18.)
120		-	Section 20. The Probate Act of 1975 is amended by changing
121		-	Section 24-20 as follows:
122		-	(755 ILCS 5/24-20) (from Ch. 110 1/2, par. 24-20)
123		-	Sec. 24-20. Deposit of unclaimed money. Before July 1,
124		-	2024, when When the receipt of a ward, a distributee of an
125		-	estate, or a claimant cannot be obtained for money or any other
126		-	asset of the estate, the representative by leave of court may
127		-	sell the asset and deposit the net proceeds together with any
128		-	other money of the estate belonging to the ward, distributee,
129		-	or claimant with the county treasurer of the county in which
130		-	the estate is being administered. The representative shall
131		-	notify the county treasurer in writing of the identity of the
132		-	persons entitled thereto and, if known, their last known post
133		-	office address. The county treasurer shall give the
134		-	representative a receipt therefor which shall be filed in the
135		-	court. The person entitled to the money so deposited may
136		-	obtain it, plus interest at a rate equal to the average
137		-	interest rate on 3 month United States Treasury Bills issued
138		-	during the time the money was on deposit, upon application to
139		-	the court and satisfactory proof of his right thereto.
140		-	On or after July 1, 2024, when the receipt of a ward, a
141		-
142		-
143		-	distributee of an estate, or a claimant cannot be found, the
144		-	representative shall report and remit the share of the missing
145		-	person to the State Treasurer for disposition under the
146		-	Revised Uniform Unclaimed Property Act.
147		-	(Source: P.A. 88-46.)
148		-	Section 25. The Revised Uniform Unclaimed Property Act is
149		-	amended by changing Sections 15-201, 15-202, 15-210, 15-504,
150		-	and 15-804 and by adding Sections 15-805 and 15-806 as
151		-	follows:
152		-	(765 ILCS 1026/15-201)
153		-	Sec. 15-201. When property presumed abandoned. Subject to
154		-	Section 15-210, the following property is presumed abandoned
155		-	if it is unclaimed by the apparent owner during the period
156		-	specified below:
157		-	(1) a traveler's check, 15 years after issuance;
158		-	(2) a money order, 5 years after issuance;
159		-	(3) any instrument on which a financial organization
160		-	or business association is directly liable, other than a
161		-	money order, 3 years after issuance;
162		-	(4) a state or municipal bond, bearer bond, or
163		-	original-issue-discount bond, 3 years after the earliest
164		-	of the date the bond matures or is called or the obligation
165		-	to pay the principal of the bond arises;
166		-	(5) a debt of a business association, 3 years after
167		-
168		-
169		-	the obligation to pay arises;
170		-	(6) financial organization deposits as follows:
171		-	(i) a demand deposit, 3 years after the date of the
172		-	last indication of interest in the property by the
173		-	apparent owner;
174		-	(ii) a savings deposit, 3 years after the date of
175		-	last indication of interest in the property by the
176		-	apparent owner;
177		-	(iii) a time deposit for which the owner has not
178		-	consented to automatic renewal of the time deposit, 3
179		-	years after the later of maturity or the date of the
180		-	last indication of interest in the property by the
181		-	apparent owner;
182		-	(iv) an automatically renewable time deposit for
183		-	which the owner consented to the automatic renewal in
184		-	a record on file with the holder, 3 years after the
185		-	date of last indication of interest in the property by
186		-	the apparent owner, following the completion of the
187		-	initial term of the time deposit and one automatic
188		-	renewal term of the time deposit;
189		-	(6.5) virtual currency, 5 years after the last
190		-	indication of interest in the property;
191		-	(7) money or a credit owed to a customer as a result of
192		-	a retail business transaction, other than in-store credit
193		-	for returned merchandise, 3 years after the obligation
194		-	arose;
195		-
196		-
197		-	(8) an amount owed by an insurance company on a life or
198		-	endowment insurance policy or an annuity contract that has
199		-	matured or terminated, 3 years after the obligation to pay
200		-	arose under the terms of the policy or contract or, if a
201		-	policy or contract for which an amount is owed on proof of
202		-	death has not matured by proof of the death of the insured
203		-	or annuitant, as follows:
204		-	(A) with respect to an amount owed on a life or
205		-	endowment insurance policy, the earlier of:
206		-	(i) 3 years after the death of the insured; or
207		-	(ii) 2 years after the insured has attained,
208		-	or would have attained if living, the limiting age
209		-	under the mortality table on which the reserve for
210		-	the policy is based; and
211		-	(B) with respect to an amount owed on an annuity
212		-	contract, 3 years after the death of the annuitant.
213		-	(9) funds on deposit or held in trust pursuant to the
214		-	Illinois Funeral or Burial Funds Act, the earliest of:
215		-	(A) 2 years after the date of death of the
216		-	beneficiary;
217		-	(B) one year after the date the beneficiary has
218		-	attained, or would have attained if living, the age of
219		-	105 where the holder does not know whether the
220		-	beneficiary is deceased;
221		-	(C) 40 years after the contract for prepayment was
222		-	executed, unless the apparent owner has indicated an
223		-
224		-
225		-	interest in the property more than 40 years after the
226		-	contract for prepayment was executed, in which case, 3
227		-	years after the last indication of interest in the
228		-	property by the apparent owner;
229		-	(10) property distributable by a business association
230		-	in the course of dissolution or distributions from the
231		-	termination of a retirement plan, one year after the
232		-	property becomes distributable;
233		-	(11) property held by a court, including property
234		-	received as proceeds of a class action, 3 years after the
235		-	property becomes distributable;
236		-	(12) property held by a government or governmental
237		-	subdivision, agency, or instrumentality, including
238		-	municipal bond interest and unredeemed principal under the
239		-	administration of a paying agent or indenture trustee, 3
240		-	years after the property becomes distributable;
241		-	(12.5) amounts payable pursuant to Section 20-175 of
242		-	the Property Tax Code, 3 years after the property becomes
243		-	payable;
244		-	(13) wages, commissions, bonuses, or reimbursements to
245		-	which an employee is entitled, or other compensation for
246		-	personal services, including amounts held on a payroll
247		-	card, one year after the amount becomes payable;
248		-	(14) a deposit or refund owed to a subscriber by a
249		-	utility, one year after the deposit or refund becomes
250		-	payable, except that any capital credits or patronage
251		-
252		-
253		-	capital retired, returned, refunded or tendered to a
254		-	member of an electric cooperative, as defined in Section
255		-	3.4 of the Electric Supplier Act, or a telephone or
256		-	telecommunications cooperative, as defined in Section
257		-	13-212 of the Public Utilities Act, that has remained
258		-	unclaimed by the person appearing on the records of the
259		-	entitled cooperative for more than 2 years, shall not be
260		-	subject to, or governed by, any other provisions of this
261		-	Act, but rather shall be used by the cooperative for the
262		-	benefit of the general membership of the cooperative; and
263		-	(15) property not specified in this Section or
264		-	Sections 15-202 through 15-208, the earlier of 3 years
265		-	after the owner first has a right to demand the property or
266		-	the obligation to pay or distribute the property arises.
267		-	Notwithstanding anything to the contrary in this Section
268		-	15-201, and subject to Section 15-210, a deceased owner cannot
269		-	indicate interest in his or her property. If the owner is
270		-	deceased and the abandonment period for the owner's property
271		-	specified in this Section 15-201 is greater than 2 years, then
272		-	the property, other than an amount owed by an insurance
273		-	company on a life or endowment insurance policy or an annuity
274		-	contract that has matured or terminated, shall instead be
275		-	presumed abandoned 2 years from the date of the owner's last
276		-	indication of interest in the property.
277		-	(Source: P.A. 101-552, eff. 1-1-20; 102-288, eff. 8-6-21.)
278		-
279		-
280		-	(765 ILCS 1026/15-202)
281		-	Sec. 15-202. When tax-deferred and tax-exempt retirement
282		-	accounts presumed abandoned.
283		-	(a) Subject to Section 15-210, property held in a pension
284		-	account or retirement account that qualifies for tax deferral
285		-	or tax exemption under the income-tax laws of the United
286		-	States is presumed abandoned if it is unclaimed by the
287		-	apparent owner after the later of:
288		-	(1) 3 years after the following dates:
289		-	(A) except as in subparagraph (B), the date a
290		-	communication sent by the holder by first-class United
291		-	States mail to the apparent owner is returned to the
292		-	holder undelivered by the United States Postal
293		-	Service; or
294		-	(B) if such communication is re-sent within 30
295		-	days after the date the first communication is
296		-	returned undelivered, the date the second
297		-	communication was returned undelivered by the United
298		-	States Postal Service; or
299		-	(2) the earlier of the following dates:
300		-	(A) 3 years after the date the apparent owner
301		-	becomes 73 72 years of age, if determinable by the
302		-	holder; or
303		-	(B) one year after the date of mandatory
304		-	distribution following death if the Internal Revenue
305		-	Code requires distribution to avoid a tax penalty and
306		-
307		-
308		-	the holder:
309		-	(i) receives confirmation of the death of the
310		-	apparent owner in the ordinary course of its
311		-	business; or
312		-	(ii) confirms the death of the apparent owner
313		-	under subsection (b).
314		-	(b) If a holder in the ordinary course of its business
315		-	receives notice or an indication of the death of an apparent
316		-	owner and subsection (a)(2) applies, the holder shall attempt
317		-	not later than 90 days after receipt of the notice or
318		-	indication to confirm whether the apparent owner is deceased.
319		-	(c) If the holder does not send communications to the
320		-	apparent owner of an account described in subsection (a) by
321		-	first-class United States mail on at least an annual basis,
322		-	the holder shall attempt to confirm the apparent owner's
323		-	interest in the property by sending the apparent owner an
324		-	electronic-mail communication not later than 2 years after the
325		-	apparent owner's last indication of interest in the property.
326		-	However, the holder promptly shall attempt to contact the
327		-	apparent owner by first-class United States mail if:
328		-	(1) the holder does not have information needed to
329		-	send the apparent owner an electronic mail communication
330		-	or the holder believes that the apparent owner's
331		-	electronic mail address in the holder's records is not
332		-	valid;
333		-	(2) the holder receives notification that the
334		-
335		-
336		-	electronic-mail communication was not received; or
337		-	(3) the apparent owner does not respond to the
338		-	electronic-mail communication within 30 days after the
339		-	communication was sent.
340		-	(d) If first-class United States mail sent under
341		-	subsection (c) is returned to the holder undelivered by the
342		-	United States Postal Service, the property is presumed
343		-	abandoned 3 years after the later of:
344		-	(1) except as in paragraph (2), the date a
345		-	communication to contact the apparent owner sent by
346		-	first-class United States mail is returned to the holder
347		-	undelivered;
348		-	(2) if such communication is re-sent within 30 days
349		-	after the date the first communication is returned
350		-	undelivered, the date the second communication was
351		-	returned undelivered; or
352		-	(3) the date established by subsection (a)(2).
353		-	(Source: P.A. 102-288, eff. 8-6-21.)
354		-	(765 ILCS 1026/15-210)
355		-	Sec. 15-210. Indication of apparent owner interest in
356		-	property.
357		-	(a) The period after which property is presumed abandoned
358		-	is measured from the later of:
359		-	(1) the date the property is presumed abandoned under
360		-	this Article; or
361		-
362		-
363		-	(2) the latest indication of interest by the apparent
364		-	owner in the property.
365		-	(b) Under this Act, an indication of an apparent owner's
366		-	interest in property includes:
367		-	(1) a record communicated by the apparent owner to the
368		-	holder or agent of the holder concerning the property or
369		-	the account in which the property is held;
370		-	(2) an oral communication by the apparent owner to the
371		-	holder or agent of the holder concerning the property or
372		-	the account in which the property is held, if the holder or
373		-	its agent contemporaneously makes and preserves a record
374		-	of the fact of the apparent owner's communication;
375		-	(3) presentment of a check or other instrument of
376		-	payment of a dividend, interest payment, or other
377		-	distribution, or evidence of receipt of a distribution
378		-	made by electronic or similar means, with respect to an
379		-	account, underlying security, or interest in a business
380		-	association;
381		-	(4) activity directed by an apparent owner in the
382		-	account in which the property is held, including accessing
383		-	the account or information concerning the account, or a
384		-	direction by the apparent owner to increase, decrease, or
385		-	otherwise change the amount or type of property held in
386		-	the account;
387		-	(5) a deposit into or withdrawal from an account at a
388		-	financial organization, except for a recurring Automated
389		-
390		-
391		-	Clearing House (ACH) debit or credit previously authorized
392		-	by the apparent owner or an automatic reinvestment of
393		-	dividends or interest; and
394		-	(6) subject to subsection (e), payment of a premium on
395		-	an insurance policy.
396		-	(c) An action by an agent or other representative of an
397		-	apparent owner, other than the holder acting as the apparent
398		-	owner's agent, is presumed to be an action on behalf of the
399		-	apparent owner.
400		-	(d) A communication with an apparent owner by a person
401		-	other than the holder or the holder's representative is not an
402		-	indication of interest in the property by the apparent owner
403		-	unless a record of the communication evidences the apparent
404		-	owner's knowledge of a right to the property.
405		-	(e) If the insured dies or the insured or beneficiary of an
406		-	insurance policy otherwise becomes entitled to the proceeds
407		-	before depletion of the cash surrender value of the policy by
408		-	operation of an automatic-premium-loan provision or other
409		-	nonforfeiture provision contained in the policy, the operation
410		-	does not prevent the policy from maturing or terminating.
411		-	(f) If the apparent owner has another property with the
412		-	holder to which Section 201(6) applies, then activity directed
413		-	by an apparent owner in any other accounts, including loan
414		-	accounts, at a financial organization holding an inactive
415		-	account of the apparent owner shall be an indication of
416		-	interest in all such accounts if:
417		-
418		-
419		-	(A) the apparent owner engages in one or more of the
420		-	following activities:
421		-	(i) the apparent owner undertakes one or more of
422		-	the actions described in subsection (b) of this
423		-	Section regarding any of the other accounts the
424		-	apparent owner has with the financial organization;
425		-	(ii) the apparent owner increases or decreases the
426		-	amount of funds in any other account the apparent
427		-	owner has with the financial organization; or
428		-	(iii) the apparent owner engages in any other
429		-	relationship with the financial organization,
430		-	including payment of any amounts due on a loan; and
431		-	(B) the foregoing apply so long as the mailing address
432		-	for the apparent owner in the financial organization's
433		-	books and records is the same for both the inactive
434		-	account and the active account.
435		-	(g) For an amount held on a payroll card, an indication of
436		-	owner interest includes wages from an employer pursuant to
437		-	Section 14.5 of the Illinois Wage Payment and Collection Act
438		-	in the form of a recurring ACH credit previously authorized by
439		-	the apparent owner; however, an ACH credit is not an
440		-	indication of owner interest if the holder assesses fees for
441		-	account inactivity on the payroll card account.
442		-	(Source: P.A. 102-288, eff. 8-6-21; 102-734, eff. 1-1-23.)
443		-	(765 ILCS 1026/15-504)
444		-
445		-
446		-	Sec. 15-504. Cooperation among State officers and agencies
447		-	to locate apparent owner.
448		-	(a) Unless prohibited by law of this State other than this
449		-	Act, on request of the administrator, each officer, agency,
450		-	board, commission, division, and department of this State, any
451		-	body politic and corporate created by this State for a public
452		-	purpose, and each political subdivision of this State shall
453		-	make its books and records available to the administrator and
454		-	cooperate with the administrator to determine the current
455		-	address of an apparent owner of property held by the
456		-	administrator under this Act or to otherwise assist the
457		-	administrator in the administration of this Act. The
458		-	administrator may also enter into data sharing agreements to
459		-	enable such other governmental agencies to provide an
460		-	additional notice to apparent owners of property held by the
461		-	administrator.
462		-	(b) If the administrator reasonably believes that the
463		-	apparent owner of property presumed abandoned held by the
464		-	administrator under this Act is a unit of local government in
465		-	this State which files an audit report or annual financial
466		-	report with the Comptroller, the administrator may give
467		-	written notice to the person or persons identified in the most
468		-	recent annual financial report as the contact person, the
469		-	chief executive officer, and the chief financial officer.
470		-	(c) If the administrator reasonably believes that the
471		-	apparent owner of property presumed abandoned held by the
472		-
473		-
474		-	administrator under this Act is a State agency as defined in
475		-	the Illinois State Auditing Act, the administrator may give
476		-	written notice to the person whom the records of the
477		-	Comptroller indicate are the chief executive officer and chief
478		-	fiscal officer of such State agency.
479		-	(Source: P.A. 100-22, eff. 1-1-18.)
480		-	(765 ILCS 1026/15-804)
481		-	Sec. 15-804. Administrator holds property as custodian for
482		-	owner. Upon the payment or delivery of abandoned property to
483		-	the administrator, the State shall assume custody and shall be
484		-	responsible for the safekeeping thereof in perpetuity unless
485		-	otherwise claimed for the benefit of the owner or the owner's
486		-	successors in interest.
487		-	(Source: P.A. 100-22, eff. 1-1-18.)
488		-	(765 ILCS 1026/15-805 new)
489		-	Sec. 15-805. Escheat of certain abandoned local government
490		-	moneys. Property presumed abandoned where the administrator
491		-	reasonably believes the owner is a unit of local government in
492		-	this State shall escheat to the State and shall be deposited
493		-	into the General Revenue Fund if all of the following apply:
494		-	(1) the administrator has provided written notice to
495		-	the unit of local government pursuant to subsection (b) of
496		-	Section 15-504 at least 3 times in at least 3 different
497		-	calendar years;
498		-
499		-
500		-	(2) it has been more than 5 years since the
501		-	administrator first provided written notice to the unit of
502		-	local government pursuant to subsection (b) of Section
503		-	15-504;
504		-	(3) the administrator has published a notice on the
505		-	administrator's website for at least one year of the value
506		-	of the property, the name of the unit of local government,
507		-	and that such presumed abandoned property is subject to
508		-	escheat; and
509		-	(4) the unit of local government has not initiated a
510		-	claim or otherwise expressed an indication of interest in
511		-	the property.
512		-	(765 ILCS 1026/15-806 new)
513		-	Sec. 15-806. Escheat of certain abandoned State agency
514		-	moneys. Property presumed abandoned where the administrator
515		-	reasonably believes the owner is a State agency as defined in
516		-	the Illinois State Auditing Act, shall escheat to the State
517		-	and shall be deposited into the General Revenue Fund if all of
518		-	the following apply:
519		-	(1) the administrator has provided written notice to
520		-	the State agency pursuant to subsection (c) of Section
521		-	15-504 at least 3 times in at least 3 different calendar
522		-	years;
523		-	(2) it has been more than 3 years since the
524		-	administrator first provided written notice to the State
525		-
526		-
527		-	agency pursuant to subsection (c) of Section 15-504; and
528		-	(3) the State agency has not initiated a claim or
529		-	otherwise expressed an indication of interest in the
530		-	property.
531		-	Section 99. Effective date. This Act takes effect upon
532		-	becoming law.
533		-	INDEX Statutes amended in order of appearance INDEX Statutes amended in order of appearance
534		-	INDEX
535		-	Statutes amended in order of appearance
	32	+	HB2224 Enrolled- 2 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 2 - LRB103 30604 LNS 57044 b
	33	+	HB2224 Enrolled - 2 - LRB103 30604 LNS 57044 b
	34	+	1 Civil Practice Law. Appeals may be taken from the judgment of
	35	+	2 the circuit court, either by the county collector or by the
	36	+	3 petitioner, as in other civil cases. A claim for refund shall
	37	+	4 not be allowed unless a petition is filed within 5 years from
	38	+	5 the date the right to a refund arose. If a certificate of error
	39	+	6 results in the allowance of a homestead exemption not
	40	+	7 previously allowed, the county collector shall pay the
	41	+	8 taxpayer interest on the amount of taxes paid that are
	42	+	9 attributable to the amount of the additional allowance, at the
	43	+	10 rate of 6% per year. To cover the cost of interest, the county
	44	+	11 collector shall proportionately reduce the distribution of
	45	+	12 taxes collected for each taxing district in which the property
	46	+	13 is situated. Any sum of money payable under this subsection
	47	+	14 which remains unclaimed for 3 years after the amount was
	48	+	15 payable shall be presumed to be abandoned and subject to
	49	+	16 disposition under the Revised Uniform Unclaimed Property Act.
	50	+	17 (a-1) In Cook County, if any property is twice assessed
	51	+	18 for the same year, or assessed before it becomes taxable, and
	52	+	19 the erroneously assessed taxes have been paid either at sale
	53	+	20 or otherwise, or have been overpaid by the same claimant or by
	54	+	21 different claimants, the Cook County Treasurer, upon being
	55	+	22 satisfied of the facts in the case, shall refund the taxes to
	56	+	23 the proper claimant. When the Cook County Treasurer is unable
	57	+	24 to determine the proper claimant, the circuit court, on
	58	+	25 petition of the person paying the taxes, or his or her agent,
	59	+	26 and being satisfied of the facts in the case, shall direct the
536	60
537	61
538	62
539		-	INDEX
540		-	Statutes amended in order of appearance
	63	+
	64	+
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	66	+
	67	+
	68	+	HB2224 Enrolled- 3 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 3 - LRB103 30604 LNS 57044 b
	69	+	HB2224 Enrolled - 3 - LRB103 30604 LNS 57044 b
	70	+	1 Cook County Treasurer to refund the taxes plus costs of suit
	71	+	2 and deduct the amount thereof, pro rata, from the moneys due to
	72	+	3 taxing bodies which received the taxes erroneously paid, or
	73	+	4 their legal successors. Pleadings in connection with the
	74	+	5 petition provided for in this Section shall conform to that
	75	+	6 prescribed in the Civil Practice Law. Appeals may be taken
	76	+	7 from the judgment of the circuit court, either by the Cook
	77	+	8 County Treasurer or by the petitioner, as in other civil
	78	+	9 cases. A claim for refund shall not be allowed unless a
	79	+	10 petition is filed within 20 years from the date the right to a
	80	+	11 refund arose. The total amount of taxes and interest refunded
	81	+	12 for claims under this subsection for which the right to a
	82	+	13 refund arose prior to January 1, 2009 shall not exceed
	83	+	14 $5,000,000 per year. If the payment of a claim for a refund
	84	+	15 would cause the aggregate total of taxes and interest for all
	85	+	16 claims to exceed $5,000,000 in any year, the refund shall be
	86	+	17 paid in the next succeeding year. If a certificate of error
	87	+	18 results in the allowance of a homestead exemption not
	88	+	19 previously allowed, the Cook County Treasurer shall pay the
	89	+	20 taxpayer interest on the amount of taxes paid that are
	90	+	21 attributable to the amount of the additional allowance, at the
	91	+	22 rate of 6% per year. To cover the cost of interest, the Cook
	92	+	23 County Treasurer shall proportionately reduce the distribution
	93	+	24 of taxes collected for each taxing district in which the
	94	+	25 property is situated. Any sum of money payable under this
	95	+	26 subsection which remains unclaimed for 3 years after the
	96	+
	97	+
	98	+
	99	+
	100	+
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	102	+
	103	+
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	105	+	HB2224 Enrolled - 4 - LRB103 30604 LNS 57044 b
	106	+	1 amount was payable shall be presumed to be abandoned and
	107	+	2 subject to disposition under the Revised Uniform Unclaimed
	108	+	3 Property Act.
	109	+	4 (b) Notwithstanding any other provision of law, in Cook
	110	+	5 County a claim for refund under this Section is also allowed if
	111	+	6 the application therefor is filed between September 1, 2011
	112	+	7 and September 1, 2012 and the right to a refund arose more than
	113	+	8 5 years prior to the date the application is filed but not
	114	+	9 earlier than January 1, 2000. The Cook County Treasurer, upon
	115	+	10 being satisfied of the facts in the case, shall refund the
	116	+	11 taxes to the proper claimant and shall proportionately reduce
	117	+	12 the distribution of taxes collected for each taxing district
	118	+	13 in which the property is situated. Refunds under this
	119	+	14 subsection shall be paid in the order in which the claims are
	120	+	15 received. The Cook County Treasurer shall not accept a claim
	121	+	16 for refund under this subsection before September 1, 2011. For
	122	+	17 the purposes of this subsection, the Cook County Treasurer
	123	+	18 shall accept a claim for refund by mail or in person. In no
	124	+	19 event shall a refund be paid under this subsection if the
	125	+	20 issuance of that refund would cause the aggregate total of
	126	+	21 taxes and interest refunded for all claims under this
	127	+	22 subsection to exceed $350,000. The Cook County Treasurer shall
	128	+	23 notify the public of the provisions of this subsection on the
	129	+	24 Treasurer's website. A home rule unit may not regulate claims
	130	+	25 for refunds in a manner that is inconsistent with this Act.
	131	+	26 This Section is a limitation of home rule powers under
	132	+
	133	+
	134	+
	135	+
	136	+
	137	+	HB2224 Enrolled - 4 - LRB103 30604 LNS 57044 b
	138	+
	139	+
	140	+	HB2224 Enrolled- 5 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 5 - LRB103 30604 LNS 57044 b
	141	+	HB2224 Enrolled - 5 - LRB103 30604 LNS 57044 b
	142	+	1 subsection (i) of Section 6 of Article VII of the Illinois
	143	+	2 Constitution.
	144	+	3 (Source: P.A. 100-1104, eff. 8-27-18.)
	145	+	4 Section 20. The Probate Act of 1975 is amended by changing
	146	+	5 Section 24-20 as follows:
	147	+	6 (755 ILCS 5/24-20) (from Ch. 110 1/2, par. 24-20)
	148	+	7 Sec. 24-20. Deposit of unclaimed money. Before July 1,
	149	+	8 2024, when When the receipt of a ward, a distributee of an
	150	+	9 estate, or a claimant cannot be obtained for money or any other
	151	+	10 asset of the estate, the representative by leave of court may
	152	+	11 sell the asset and deposit the net proceeds together with any
	153	+	12 other money of the estate belonging to the ward, distributee,
	154	+	13 or claimant with the county treasurer of the county in which
	155	+	14 the estate is being administered. The representative shall
	156	+	15 notify the county treasurer in writing of the identity of the
	157	+	16 persons entitled thereto and, if known, their last known post
	158	+	17 office address. The county treasurer shall give the
	159	+	18 representative a receipt therefor which shall be filed in the
	160	+	19 court. The person entitled to the money so deposited may
	161	+	20 obtain it, plus interest at a rate equal to the average
	162	+	21 interest rate on 3 month United States Treasury Bills issued
	163	+	22 during the time the money was on deposit, upon application to
	164	+	23 the court and satisfactory proof of his right thereto.
	165	+	24 On or after July 1, 2024, when the receipt of a ward, a
	166	+
	167	+
	168	+
	169	+
	170	+
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	172	+
	173	+
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	175	+	HB2224 Enrolled - 6 - LRB103 30604 LNS 57044 b
	176	+	1 distributee of an estate, or a claimant cannot be found, the
	177	+	2 representative shall report and remit the share of the missing
	178	+	3 person to the State Treasurer for disposition under the
	179	+	4 Revised Uniform Unclaimed Property Act.
	180	+	5 (Source: P.A. 88-46.)
	181	+	6 Section 25. The Revised Uniform Unclaimed Property Act is
	182	+	7 amended by changing Sections 15-201, 15-202, 15-210, 15-504,
	183	+	8 and 15-804 and by adding Sections 15-805 and 15-806 as
	184	+	9 follows:
	185	+	10 (765 ILCS 1026/15-201)
	186	+	11 Sec. 15-201. When property presumed abandoned. Subject to
	187	+	12 Section 15-210, the following property is presumed abandoned
	188	+	13 if it is unclaimed by the apparent owner during the period
	189	+	14 specified below:
	190	+	15 (1) a traveler's check, 15 years after issuance;
	191	+	16 (2) a money order, 5 years after issuance;
	192	+	17 (3) any instrument on which a financial organization
	193	+	18 or business association is directly liable, other than a
	194	+	19 money order, 3 years after issuance;
	195	+	20 (4) a state or municipal bond, bearer bond, or
	196	+	21 original-issue-discount bond, 3 years after the earliest
	197	+	22 of the date the bond matures or is called or the obligation
	198	+	23 to pay the principal of the bond arises;
	199	+	24 (5) a debt of a business association, 3 years after
	200	+
	201	+
	202	+
	203	+
	204	+
	205	+	HB2224 Enrolled - 6 - LRB103 30604 LNS 57044 b
	206	+
	207	+
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	209	+	HB2224 Enrolled - 7 - LRB103 30604 LNS 57044 b
	210	+	1 the obligation to pay arises;
	211	+	2 (6) financial organization deposits as follows:
	212	+	3 (i) a demand deposit, 3 years after the date of the
	213	+	4 last indication of interest in the property by the
	214	+	5 apparent owner;
	215	+	6 (ii) a savings deposit, 3 years after the date of
	216	+	7 last indication of interest in the property by the
	217	+	8 apparent owner;
	218	+	9 (iii) a time deposit for which the owner has not
	219	+	10 consented to automatic renewal of the time deposit, 3
	220	+	11 years after the later of maturity or the date of the
	221	+	12 last indication of interest in the property by the
	222	+	13 apparent owner;
	223	+	14 (iv) an automatically renewable time deposit for
	224	+	15 which the owner consented to the automatic renewal in
	225	+	16 a record on file with the holder, 3 years after the
	226	+	17 date of last indication of interest in the property by
	227	+	18 the apparent owner, following the completion of the
	228	+	19 initial term of the time deposit and one automatic
	229	+	20 renewal term of the time deposit;
	230	+	21 (6.5) virtual currency, 5 years after the last
	231	+	22 indication of interest in the property;
	232	+	23 (7) money or a credit owed to a customer as a result of
	233	+	24 a retail business transaction, other than in-store credit
	234	+	25 for returned merchandise, 3 years after the obligation
	235	+	26 arose;
	236	+
	237	+
	238	+
	239	+
	240	+
	241	+	HB2224 Enrolled - 7 - LRB103 30604 LNS 57044 b
	242	+
	243	+
	244	+	HB2224 Enrolled- 8 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 8 - LRB103 30604 LNS 57044 b
	245	+	HB2224 Enrolled - 8 - LRB103 30604 LNS 57044 b
	246	+	1 (8) an amount owed by an insurance company on a life or
	247	+	2 endowment insurance policy or an annuity contract that has
	248	+	3 matured or terminated, 3 years after the obligation to pay
	249	+	4 arose under the terms of the policy or contract or, if a
	250	+	5 policy or contract for which an amount is owed on proof of
	251	+	6 death has not matured by proof of the death of the insured
	252	+	7 or annuitant, as follows:
	253	+	8 (A) with respect to an amount owed on a life or
	254	+	9 endowment insurance policy, the earlier of:
	255	+	10 (i) 3 years after the death of the insured; or
	256	+	11 (ii) 2 years after the insured has attained,
	257	+	12 or would have attained if living, the limiting age
	258	+	13 under the mortality table on which the reserve for
	259	+	14 the policy is based; and
	260	+	15 (B) with respect to an amount owed on an annuity
	261	+	16 contract, 3 years after the death of the annuitant.
	262	+	17 (9) funds on deposit or held in trust pursuant to the
	263	+	18 Illinois Funeral or Burial Funds Act, the earliest of:
	264	+	19 (A) 2 years after the date of death of the
	265	+	20 beneficiary;
	266	+	21 (B) one year after the date the beneficiary has
	267	+	22 attained, or would have attained if living, the age of
	268	+	23 105 where the holder does not know whether the
	269	+	24 beneficiary is deceased;
	270	+	25 (C) 40 years after the contract for prepayment was
	271	+	26 executed, unless the apparent owner has indicated an
	272	+
	273	+
	274	+
	275	+
	276	+
	277	+	HB2224 Enrolled - 8 - LRB103 30604 LNS 57044 b
	278	+
	279	+
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	281	+	HB2224 Enrolled - 9 - LRB103 30604 LNS 57044 b
	282	+	1 interest in the property more than 40 years after the
	283	+	2 contract for prepayment was executed, in which case, 3
	284	+	3 years after the last indication of interest in the
	285	+	4 property by the apparent owner;
	286	+	5 (10) property distributable by a business association
	287	+	6 in the course of dissolution or distributions from the
	288	+	7 termination of a retirement plan, one year after the
	289	+	8 property becomes distributable;
	290	+	9 (11) property held by a court, including property
	291	+	10 received as proceeds of a class action, 3 years after the
	292	+	11 property becomes distributable;
	293	+	12 (12) property held by a government or governmental
	294	+	13 subdivision, agency, or instrumentality, including
	295	+	14 municipal bond interest and unredeemed principal under the
	296	+	15 administration of a paying agent or indenture trustee, 3
	297	+	16 years after the property becomes distributable;
	298	+	17 (12.5) amounts payable pursuant to Section 20-175 of
	299	+	18 the Property Tax Code, 3 years after the property becomes
	300	+	19 payable;
	301	+	20 (13) wages, commissions, bonuses, or reimbursements to
	302	+	21 which an employee is entitled, or other compensation for
	303	+	22 personal services, including amounts held on a payroll
	304	+	23 card, one year after the amount becomes payable;
	305	+	24 (14) a deposit or refund owed to a subscriber by a
	306	+	25 utility, one year after the deposit or refund becomes
	307	+	26 payable, except that any capital credits or patronage
	308	+
	309	+
	310	+
	311	+
	312	+
	313	+	HB2224 Enrolled - 9 - LRB103 30604 LNS 57044 b
	314	+
	315	+
	316	+	HB2224 Enrolled- 10 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 10 - LRB103 30604 LNS 57044 b
	317	+	HB2224 Enrolled - 10 - LRB103 30604 LNS 57044 b
	318	+	1 capital retired, returned, refunded or tendered to a
	319	+	2 member of an electric cooperative, as defined in Section
	320	+	3 3.4 of the Electric Supplier Act, or a telephone or
	321	+	4 telecommunications cooperative, as defined in Section
	322	+	5 13-212 of the Public Utilities Act, that has remained
	323	+	6 unclaimed by the person appearing on the records of the
	324	+	7 entitled cooperative for more than 2 years, shall not be
	325	+	8 subject to, or governed by, any other provisions of this
	326	+	9 Act, but rather shall be used by the cooperative for the
	327	+	10 benefit of the general membership of the cooperative; and
	328	+	11 (15) property not specified in this Section or
	329	+	12 Sections 15-202 through 15-208, the earlier of 3 years
	330	+	13 after the owner first has a right to demand the property or
	331	+	14 the obligation to pay or distribute the property arises.
	332	+	15 Notwithstanding anything to the contrary in this Section
	333	+	16 15-201, and subject to Section 15-210, a deceased owner cannot
	334	+	17 indicate interest in his or her property. If the owner is
	335	+	18 deceased and the abandonment period for the owner's property
	336	+	19 specified in this Section 15-201 is greater than 2 years, then
	337	+	20 the property, other than an amount owed by an insurance
	338	+	21 company on a life or endowment insurance policy or an annuity
	339	+	22 contract that has matured or terminated, shall instead be
	340	+	23 presumed abandoned 2 years from the date of the owner's last
	341	+	24 indication of interest in the property.
	342	+	25 (Source: P.A. 101-552, eff. 1-1-20; 102-288, eff. 8-6-21.)
	343	+
	344	+
	345	+
	346	+
	347	+
	348	+	HB2224 Enrolled - 10 - LRB103 30604 LNS 57044 b
	349	+
	350	+
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	352	+	HB2224 Enrolled - 11 - LRB103 30604 LNS 57044 b
	353	+	1 (765 ILCS 1026/15-202)
	354	+	2 Sec. 15-202. When tax-deferred and tax-exempt retirement
	355	+	3 accounts presumed abandoned.
	356	+	4 (a) Subject to Section 15-210, property held in a pension
	357	+	5 account or retirement account that qualifies for tax deferral
	358	+	6 or tax exemption under the income-tax laws of the United
	359	+	7 States is presumed abandoned if it is unclaimed by the
	360	+	8 apparent owner after the later of:
	361	+	9 (1) 3 years after the following dates:
	362	+	10 (A) except as in subparagraph (B), the date a
	363	+	11 communication sent by the holder by first-class United
	364	+	12 States mail to the apparent owner is returned to the
	365	+	13 holder undelivered by the United States Postal
	366	+	14 Service; or
	367	+	15 (B) if such communication is re-sent within 30
	368	+	16 days after the date the first communication is
	369	+	17 returned undelivered, the date the second
	370	+	18 communication was returned undelivered by the United
	371	+	19 States Postal Service; or
	372	+	20 (2) the earlier of the following dates:
	373	+	21 (A) 3 years after the date the apparent owner
	374	+	22 becomes 73 72 years of age, if determinable by the
	375	+	23 holder; or
	376	+	24 (B) one year after the date of mandatory
	377	+	25 distribution following death if the Internal Revenue
	378	+	26 Code requires distribution to avoid a tax penalty and
	379	+
	380	+
	381	+
	382	+
	383	+
	384	+	HB2224 Enrolled - 11 - LRB103 30604 LNS 57044 b
	385	+
	386	+
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	388	+	HB2224 Enrolled - 12 - LRB103 30604 LNS 57044 b
	389	+	1 the holder:
	390	+	2 (i) receives confirmation of the death of the
	391	+	3 apparent owner in the ordinary course of its
	392	+	4 business; or
	393	+	5 (ii) confirms the death of the apparent owner
	394	+	6 under subsection (b).
	395	+	7 (b) If a holder in the ordinary course of its business
	396	+	8 receives notice or an indication of the death of an apparent
	397	+	9 owner and subsection (a)(2) applies, the holder shall attempt
	398	+	10 not later than 90 days after receipt of the notice or
	399	+	11 indication to confirm whether the apparent owner is deceased.
	400	+	12 (c) If the holder does not send communications to the
	401	+	13 apparent owner of an account described in subsection (a) by
	402	+	14 first-class United States mail on at least an annual basis,
	403	+	15 the holder shall attempt to confirm the apparent owner's
	404	+	16 interest in the property by sending the apparent owner an
	405	+	17 electronic-mail communication not later than 2 years after the
	406	+	18 apparent owner's last indication of interest in the property.
	407	+	19 However, the holder promptly shall attempt to contact the
	408	+	20 apparent owner by first-class United States mail if:
	409	+	21 (1) the holder does not have information needed to
	410	+	22 send the apparent owner an electronic mail communication
	411	+	23 or the holder believes that the apparent owner's
	412	+	24 electronic mail address in the holder's records is not
	413	+	25 valid;
	414	+	26 (2) the holder receives notification that the
	415	+
	416	+
	417	+
	418	+
	419	+
	420	+	HB2224 Enrolled - 12 - LRB103 30604 LNS 57044 b
	421	+
	422	+
	423	+	HB2224 Enrolled- 13 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 13 - LRB103 30604 LNS 57044 b
	424	+	HB2224 Enrolled - 13 - LRB103 30604 LNS 57044 b
	425	+	1 electronic-mail communication was not received; or
	426	+	2 (3) the apparent owner does not respond to the
	427	+	3 electronic-mail communication within 30 days after the
	428	+	4 communication was sent.
	429	+	5 (d) If first-class United States mail sent under
	430	+	6 subsection (c) is returned to the holder undelivered by the
	431	+	7 United States Postal Service, the property is presumed
	432	+	8 abandoned 3 years after the later of:
	433	+	9 (1) except as in paragraph (2), the date a
	434	+	10 communication to contact the apparent owner sent by
	435	+	11 first-class United States mail is returned to the holder
	436	+	12 undelivered;
	437	+	13 (2) if such communication is re-sent within 30 days
	438	+	14 after the date the first communication is returned
	439	+	15 undelivered, the date the second communication was
	440	+	16 returned undelivered; or
	441	+	17 (3) the date established by subsection (a)(2).
	442	+	18 (Source: P.A. 102-288, eff. 8-6-21.)
	443	+	19 (765 ILCS 1026/15-210)
	444	+	20 Sec. 15-210. Indication of apparent owner interest in
	445	+	21 property.
	446	+	22 (a) The period after which property is presumed abandoned
	447	+	23 is measured from the later of:
	448	+	24 (1) the date the property is presumed abandoned under
	449	+	25 this Article; or
	450	+
	451	+
	452	+
	453	+
	454	+
	455	+	HB2224 Enrolled - 13 - LRB103 30604 LNS 57044 b
	456	+
	457	+
	458	+	HB2224 Enrolled- 14 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 14 - LRB103 30604 LNS 57044 b
	459	+	HB2224 Enrolled - 14 - LRB103 30604 LNS 57044 b
	460	+	1 (2) the latest indication of interest by the apparent
	461	+	2 owner in the property.
	462	+	3 (b) Under this Act, an indication of an apparent owner's
	463	+	4 interest in property includes:
	464	+	5 (1) a record communicated by the apparent owner to the
	465	+	6 holder or agent of the holder concerning the property or
	466	+	7 the account in which the property is held;
	467	+	8 (2) an oral communication by the apparent owner to the
	468	+	9 holder or agent of the holder concerning the property or
	469	+	10 the account in which the property is held, if the holder or
	470	+	11 its agent contemporaneously makes and preserves a record
	471	+	12 of the fact of the apparent owner's communication;
	472	+	13 (3) presentment of a check or other instrument of
	473	+	14 payment of a dividend, interest payment, or other
	474	+	15 distribution, or evidence of receipt of a distribution
	475	+	16 made by electronic or similar means, with respect to an
	476	+	17 account, underlying security, or interest in a business
	477	+	18 association;
	478	+	19 (4) activity directed by an apparent owner in the
	479	+	20 account in which the property is held, including accessing
	480	+	21 the account or information concerning the account, or a
	481	+	22 direction by the apparent owner to increase, decrease, or
	482	+	23 otherwise change the amount or type of property held in
	483	+	24 the account;
	484	+	25 (5) a deposit into or withdrawal from an account at a
	485	+	26 financial organization, except for a recurring Automated
	486	+
	487	+
	488	+
	489	+
	490	+
	491	+	HB2224 Enrolled - 14 - LRB103 30604 LNS 57044 b
	492	+
	493	+
	494	+	HB2224 Enrolled- 15 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 15 - LRB103 30604 LNS 57044 b
	495	+	HB2224 Enrolled - 15 - LRB103 30604 LNS 57044 b
	496	+	1 Clearing House (ACH) debit or credit previously authorized
	497	+	2 by the apparent owner or an automatic reinvestment of
	498	+	3 dividends or interest; and
	499	+	4 (6) subject to subsection (e), payment of a premium on
	500	+	5 an insurance policy.
	501	+	6 (c) An action by an agent or other representative of an
	502	+	7 apparent owner, other than the holder acting as the apparent
	503	+	8 owner's agent, is presumed to be an action on behalf of the
	504	+	9 apparent owner.
	505	+	10 (d) A communication with an apparent owner by a person
	506	+	11 other than the holder or the holder's representative is not an
	507	+	12 indication of interest in the property by the apparent owner
	508	+	13 unless a record of the communication evidences the apparent
	509	+	14 owner's knowledge of a right to the property.
	510	+	15 (e) If the insured dies or the insured or beneficiary of an
	511	+	16 insurance policy otherwise becomes entitled to the proceeds
	512	+	17 before depletion of the cash surrender value of the policy by
	513	+	18 operation of an automatic-premium-loan provision or other
	514	+	19 nonforfeiture provision contained in the policy, the operation
	515	+	20 does not prevent the policy from maturing or terminating.
	516	+	21 (f) If the apparent owner has another property with the
	517	+	22 holder to which Section 201(6) applies, then activity directed
	518	+	23 by an apparent owner in any other accounts, including loan
	519	+	24 accounts, at a financial organization holding an inactive
	520	+	25 account of the apparent owner shall be an indication of
	521	+	26 interest in all such accounts if:
	522	+
	523	+
	524	+
	525	+
	526	+
	527	+	HB2224 Enrolled - 15 - LRB103 30604 LNS 57044 b
	528	+
	529	+
	530	+	HB2224 Enrolled- 16 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 16 - LRB103 30604 LNS 57044 b
	531	+	HB2224 Enrolled - 16 - LRB103 30604 LNS 57044 b
	532	+	1 (A) the apparent owner engages in one or more of the
	533	+	2 following activities:
	534	+	3 (i) the apparent owner undertakes one or more of
	535	+	4 the actions described in subsection (b) of this
	536	+	5 Section regarding any of the other accounts the
	537	+	6 apparent owner has with the financial organization;
	538	+	7 (ii) the apparent owner increases or decreases the
	539	+	8 amount of funds in any other account the apparent
	540	+	9 owner has with the financial organization; or
	541	+	10 (iii) the apparent owner engages in any other
	542	+	11 relationship with the financial organization,
	543	+	12 including payment of any amounts due on a loan; and
	544	+	13 (B) the foregoing apply so long as the mailing address
	545	+	14 for the apparent owner in the financial organization's
	546	+	15 books and records is the same for both the inactive
	547	+	16 account and the active account.
	548	+	17 (g) For an amount held on a payroll card, an indication of
	549	+	18 owner interest includes wages from an employer pursuant to
	550	+	19 Section 14.5 of the Illinois Wage Payment and Collection Act
	551	+	20 in the form of a recurring ACH credit previously authorized by
	552	+	21 the apparent owner; however, an ACH credit is not an
	553	+	22 indication of owner interest if the holder assesses fees for
	554	+	23 account inactivity on the payroll card account.
	555	+	24 (Source: P.A. 102-288, eff. 8-6-21; 102-734, eff. 1-1-23.)
	556	+	25 (765 ILCS 1026/15-504)
	557	+
	558	+
	559	+
	560	+
	561	+
	562	+	HB2224 Enrolled - 16 - LRB103 30604 LNS 57044 b
	563	+
	564	+
	565	+	HB2224 Enrolled- 17 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 17 - LRB103 30604 LNS 57044 b
	566	+	HB2224 Enrolled - 17 - LRB103 30604 LNS 57044 b
	567	+	1 Sec. 15-504. Cooperation among State officers and agencies
	568	+	2 to locate apparent owner.
	569	+	3 (a) Unless prohibited by law of this State other than this
	570	+	4 Act, on request of the administrator, each officer, agency,
	571	+	5 board, commission, division, and department of this State, any
	572	+	6 body politic and corporate created by this State for a public
	573	+	7 purpose, and each political subdivision of this State shall
	574	+	8 make its books and records available to the administrator and
	575	+	9 cooperate with the administrator to determine the current
	576	+	10 address of an apparent owner of property held by the
	577	+	11 administrator under this Act or to otherwise assist the
	578	+	12 administrator in the administration of this Act. The
	579	+	13 administrator may also enter into data sharing agreements to
	580	+	14 enable such other governmental agencies to provide an
	581	+	15 additional notice to apparent owners of property held by the
	582	+	16 administrator.
	583	+	17 (b) If the administrator reasonably believes that the
	584	+	18 apparent owner of property presumed abandoned held by the
	585	+	19 administrator under this Act is a unit of local government in
	586	+	20 this State which files an audit report or annual financial
	587	+	21 report with the Comptroller, the administrator may give
	588	+	22 written notice to the person or persons identified in the most
	589	+	23 recent annual financial report as the contact person, the
	590	+	24 chief executive officer, and the chief financial officer.
	591	+	25 (c) If the administrator reasonably believes that the
	592	+	26 apparent owner of property presumed abandoned held by the
	593	+
	594	+
	595	+
	596	+
	597	+
	598	+	HB2224 Enrolled - 17 - LRB103 30604 LNS 57044 b
	599	+
	600	+
	601	+	HB2224 Enrolled- 18 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 18 - LRB103 30604 LNS 57044 b
	602	+	HB2224 Enrolled - 18 - LRB103 30604 LNS 57044 b
	603	+	1 administrator under this Act is a State agency as defined in
	604	+	2 the Illinois State Auditing Act, the administrator may give
	605	+	3 written notice to the person whom the records of the
	606	+	4 Comptroller indicate are the chief executive officer and chief
	607	+	5 fiscal officer of such State agency.
	608	+	6 (Source: P.A. 100-22, eff. 1-1-18.)
	609	+	7 (765 ILCS 1026/15-804)
	610	+	8 Sec. 15-804. Administrator holds property as custodian for
	611	+	9 owner. Upon the payment or delivery of abandoned property to
	612	+	10 the administrator, the State shall assume custody and shall be
	613	+	11 responsible for the safekeeping thereof in perpetuity unless
	614	+	12 otherwise claimed for the benefit of the owner or the owner's
	615	+	13 successors in interest.
	616	+	14 (Source: P.A. 100-22, eff. 1-1-18.)
	617	+	15 (765 ILCS 1026/15-805 new)
	618	+	16 Sec. 15-805. Escheat of certain abandoned local government
	619	+	17 moneys. Property presumed abandoned where the administrator
	620	+	18 reasonably believes the owner is a unit of local government in
	621	+	19 this State shall escheat to the State and shall be deposited
	622	+	20 into the General Revenue Fund if all of the following apply:
	623	+	21 (1) the administrator has provided written notice to
	624	+	22 the unit of local government pursuant to subsection (b) of
	625	+	23 Section 15-504 at least 3 times in at least 3 different
	626	+	24 calendar years;
	627	+
	628	+
	629	+
	630	+
	631	+
	632	+	HB2224 Enrolled - 18 - LRB103 30604 LNS 57044 b
	633	+
	634	+
	635	+	HB2224 Enrolled- 19 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 19 - LRB103 30604 LNS 57044 b
	636	+	HB2224 Enrolled - 19 - LRB103 30604 LNS 57044 b
	637	+	1 (2) it has been more than 5 years since the
	638	+	2 administrator first provided written notice to the unit of
	639	+	3 local government pursuant to subsection (b) of Section
	640	+	4 15-504;
	641	+	5 (3) the administrator has published a notice on the
	642	+	6 administrator's website for at least one year of the value
	643	+	7 of the property, the name of the unit of local government,
	644	+	8 and that such presumed abandoned property is subject to
	645	+	9 escheat; and
	646	+	10 (4) the unit of local government has not initiated a
	647	+	11 claim or otherwise expressed an indication of interest in
	648	+	12 the property.
	649	+	13 (765 ILCS 1026/15-806 new)
	650	+	14 Sec. 15-806. Escheat of certain abandoned State agency
	651	+	15 moneys. Property presumed abandoned where the administrator
	652	+	16 reasonably believes the owner is a State agency as defined in
	653	+	17 the Illinois State Auditing Act, shall escheat to the State
	654	+	18 and shall be deposited into the General Revenue Fund if all of
	655	+	19 the following apply:
	656	+	20 (1) the administrator has provided written notice to
	657	+	21 the State agency pursuant to subsection (c) of Section
	658	+	22 15-504 at least 3 times in at least 3 different calendar
	659	+	23 years;
	660	+	24 (2) it has been more than 3 years since the
	661	+	25 administrator first provided written notice to the State
	662	+
	663	+
	664	+
	665	+
	666	+
	667	+	HB2224 Enrolled - 19 - LRB103 30604 LNS 57044 b
	668	+
	669	+
	670	+	HB2224 Enrolled- 20 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 20 - LRB103 30604 LNS 57044 b
	671	+	HB2224 Enrolled - 20 - LRB103 30604 LNS 57044 b
	672	+	1 agency pursuant to subsection (c) of Section 15-504; and
	673	+	2 (3) the State agency has not initiated a claim or
	674	+	3 otherwise expressed an indication of interest in the
	675	+	4 property.
	676	+	5 Section 99. Effective date. This Act takes effect upon
	677	+	6 becoming law.
	678	+	HB2224 Enrolled- 21 -LRB103 30604 LNS 57044 b 1 INDEX 2 Statutes amended in order of appearance HB2224 Enrolled- 21 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b 1 INDEX 2 Statutes amended in order of appearance
	679	+	HB2224 Enrolled- 21 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b
	680	+	HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b
	681	+	1 INDEX
	682	+	2 Statutes amended in order of appearance
	683	+
	684	+
	685	+
	686	+
	687	+
	688	+	HB2224 Enrolled - 20 - LRB103 30604 LNS 57044 b
	689	+
	690	+
	691	+
	692	+	HB2224 Enrolled- 21 -LRB103 30604 LNS 57044 b HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b
	693	+	HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b
	694	+	1 INDEX
	695	+	2 Statutes amended in order of appearance
	696	+
	697	+
	698	+
	699	+
	700	+
	701	+	HB2224 Enrolled - 21 - LRB103 30604 LNS 57044 b