HB 2905 — PROP TAX-DUE DATE-ARMD SERVICE

093_HB2905HB2905 Engrossed LRB093 07191 SJM 07346 b AN ACT concerning taxes.

If __________________e__________ a member of t____________ _____n____________ a reserve component of the armed forces of the United States ___ who has an ownership interest in property taxed under this Act is called to active duty for deployment outside the continental United States and is on active duty on the due date of any installment of taxes due under this Act, he or she shall not be deemed delinquent in HB2905 Engrossed -2- LRB093 07191 SJM 07346 b the payment of the installment and no interest shall accrue or be charged -2- LRB093 07191 SJM 07346 b as a penalty on the installment until 1o ___________ -------y-- days after that member returns from active duty.

______ _____d_____________________n______________________n_____________ ______a____________________t______________________r_____________ _____s_______________________t____________________i_____________ ______h____________________i______________________c_____________ _____o_____________________a_______________________o____________ _______o___________________f______________________r_____________ _______t______________________n___________________f_____________ _____i_____________________t_______________________i____________ _____t_____________________x______________________o_____________ _____a___________ Notwithstanding any other provision of law, when any unpaid taxes become delinquent under this Section through the fault of the mortgage lender, (i) the interest assessed under this Section for delinquent taxes shall be charged against the mortgage lender and not the mortgagor and (ii) the mortgage lender shall pay the taxes, redeem the property and take all necessary steps to remove any liens accruing against the property because of the delinquency.

(a) the mortgage lender has received all payments due the mortgage lender for the property being taxed under the written terms of the mortgage or promissory note secured by the mortgage, (b) the mortgage lender holds funds in escrow to pay the taxes, and (c) the funds are sufficient to pay the taxes after deducting all amounts reasonably anticipated to become due for all hazard insurance premiums and mortgage insurance premiums and any other assessments to be paid from the escrow under the HB2905 Engrossed -3- LRB093 07191 SJM 07346 b terms of the mortgage.

-3- LRB093 07191 SJM 07346 b (Source:

If __________________e__________ a member of t____________ _____n____________ a reserve component of the armed forces of the United States ___ who has an ownership interest in property taxed under this Act is called to active duty for HB2905 Engrossed -4- LRB093 07191 SJM 07346 b deployment outside the continental United States and is on active duty on the due date of any installment of taxes due under this Act, he or she shall not be deemed delinquent in the payment of the installment and no interest shall accrue or be charged as a penalty on the installment until 1o ___________ -------y-- days after that member returns from active duty.

______ _____d_____________________n______________________n_____________ ______a____________________t______________________r_____________ _____s_______________________t____________________i_____________ ______h____________________i______________________c_____________ _____o_____________________a_______________________o____________ _______o___________________f______________________r_____________ _______t______________________n___________________f_____________ _____i_____________________t_______________________i____________ _____t_____________________x______________________o_____________ _____a___________ (Source:

Except as hereinafter provided and as provided in Section 21-40, in counties with 3,000,000 or more -4- LRB093 07191 SJM 07346 b inhabitants in which the accelerated method of billing and paying taxes provided for in Section 21-30 is in effect, the estimated first installment of unpaid taxes shall be deemed delinquent and shall bear interest after March 1 at the rate of 1 1/2% per month or portion thereof until paid or forfeited.

If the county board elects by ordinance adopted prior to July 1 of a levy year to provide for taxes to be paid in 4 installments, each installment for that levy year and each subsequent year shall be deemed delinquent and shall begin to HB2905 Engrossed -5- LRB093 07191 SJM 07346 b bear interest 30 days after the date specified by the ordinance for mailing bills, at the rate of 1 1/2% per month or portion thereof, until paid or forfeited.

If a___________________t________ a member of _____________ _____n_____________ a reserve component of the armed forces of the United States ___ who has an ownership interest in property taxed under this Act is called to active duty for deployment outside the continental United States and is on active duty on the due date of any installment of taxes due under this Act, he or she shall not be deemed delinquent in the payment of the installment and no interest shall accrue or be charged as a penalty on the installment until 1o ____________ -------a--- days after that member returns to civilian status.

-5-T LRB093_____ 07191_____d_____________________h______________________s_____________ SJM_______a____________________t______________________r____________ 07346_____s_____________________h______________________h_____________ b______h____________________i______________________c_____________ ______o____________________i______________________t_____________ ______o____________________n______________________d_____________ ________t__________________e______________________i_____________ _____i______________________c_____________________i_____________ _____t_____________________t______________________f_____________ _____a___________ (Source:

7-6-00.) HB2905 Engrossed -6- LRB093 07191 SJM 07346 b Section 99.

This Act takes effect upon becoming lawlaw.