reglab/housing_qa huggingface dataset:
35 ILCS 200/30-15
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 30-15.     Effect of fund on levies.     A tax levy of a taxing district shall  not be deemed invalid for the sole reason that the taxing district has  accumulated monies in a special reserve fund pursuant to this Article.    (Source: P.A. 84-205; 88-455.)
35 ILCS 200/30-20
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 30-20.     Tax reimbursement account.     If the corporate authorities of a  taxing district determine that the taxing district has on hand surplus  funds from any source, then the corporate authorities may transfer those  surplus funds into a tax reimbursement account.    (Source: P.A. 87-737; 87-767; 88-455.)
35 ILCS 200/30-30
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 30-30.     Fiscal Responsibility Report Card.     The corporate authority of  each taxing district, other than a school district, that imposes ad valorem  taxes, within 180 days of the conclusion of the fiscal year of the taxing  district, shall submit to  the State Comptroller and the county clerk of  each county in which a part of the taxing district is located a Fiscal  Responsibility Report Card in the form prescribed by the State Comptroller  after consultation with other State Constitutional  officers as the State  Comptroller selects. The Fiscal Responsibility Report Card shall inform  taxpayers about the amounts, sources, and uses of  tax revenues received and  expended by the taxing district.    (Source: P.A. 87-782; 87-1002; 88-455; incorporates 88-280;  88-670, eff. 12-2-94.)
35 ILCS 200/30-31
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 30-31. Fiscal Responsibility Report Card; State Comptroller. The State  Comptroller, within 180 days of the conclusion of the fiscal year of the State,  shall make available on the Comptroller's website a Fiscal  Responsibility Report Card in the form prescribed by the State Comptroller  after consultation with other State Constitutional officers selected by the  State Comptroller.  The Fiscal Responsibility Report Card shall inform the  General Assembly and the county clerks about the amounts, sources, and uses of  tax revenues received and expended by each taxing district, other than a school  district, that imposes ad valorem taxes.  (Source: P.A. 102-291, eff. 8-6-21.)
35 ILCS 200/Art. 31 heading
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

 Article 31.      Real Estate Transfer Tax Law
35 ILCS 200/31-1
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-1.     Short title.     This Article may be cited as the Real Estate  Transfer Tax Law.    (Source: Laws 1967, p. 1716; P.A. 88-455.)
35 ILCS 200/31-5
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-5. Definitions."Affixed" means physically or electronically indicated."Recordation" includes the issuance of  certificates of title by Registrars of Title under the Registered Titles  (Torrens) Act pursuant to the filing of deeds or trust documents for that  purpose, as well as the recording of deeds or trust documents by recorders."Department" means the Department of Revenue."Person" means any natural individual, firm, partnership, association,  joint stock company, joint adventure, public or private corporation, limited  liability company, or a receiver, executor, trustee, guardian or other  representative appointed by order of any court."Revenue stamp" means physical, electronic, or alternative indicia that indicates the amount of tax paid."Value" means the amount of the full actual consideration for the real  property or the beneficial interest in real property located in Illinois, including the  amount of any lien on the real property assumed by the transferee."Trust document" means a document required to be recorded under the Land  Trust Recordation and Transfer Tax Act and, beginning June 1, 2005, also means any document relating to the transfer of a taxable beneficial interest under this Article."Beneficial interest" includes, but is not limited to:(1) the beneficial interest in an Illinois land trust;(2) the lessee interest in a ground lease (including     any interest of the lessee in the related improvements) that provides for a term of 30 or more years when all options to renew or extend are included, whether or not any portion of the term has expired; or(3) the indirect interest in real property as     reflected by a controlling interest in a real estate entity."Controlling interest" means more than 50% of the  fair  market value of all ownership interests or beneficial interests in a real  estate entity."Real estate entity" means any person  including, but not  limited to, any partnership, corporation, limited liability company, trust,  other entity, or  multi-tiered  entity, that exists or acts substantially for the purpose of holding directly  or indirectly title to or  beneficial interest in real property.  There is a rebuttable presumption  that  an entity is a real estate entity if it owns, directly or indirectly, real  property  having a fair market value greater than 75% of the total fair market  value of all of the  entity's assets, determined without deduction for any mortgage, lien, or  encumbrance.    (Source: P.A. 98-929, eff. 8-15-14.)
35 ILCS 200/31-10
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-10. Imposition of tax.  A tax is imposed on the privilege of  transferring title to real estate located in Illinois, on the privilege of transferring a beneficial interest in  real  property located in Illinois,  and on the privilege of transferring a controlling interest in a real estate  entity owning property located in Illinois,  at the rate of 50¢ for each $500 of  value or fraction of $500 stated in the declaration required by Section 31-25.  If, however, the transferring document states that the real estate, beneficial interest, or  controlling interest  is  transferred subject to a mortgage, the amount of the mortgage remaining  outstanding at the time of transfer shall not be included in the basis of  computing the tax.  The tax is due if the transfer is made  by one or more related transactions or involves one or more persons or entities  and whether or  not a document is recorded.      (Source: P.A. 93-657, eff. 6-1-04; 93-1099, eff. 6-1-05.)
35 ILCS 200/31-15
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-15. Collection of tax.(a)  Paper revenue stamps. The tax shall be collected by the recorder  or registrar of titles of the county in which the property is situated through the sale of revenue  stamps, the design, denominations and form of which shall be prescribed by the  Department. The revenue  stamps shall be sold by the Department to the recorder or registrar  of titles who shall cause them to be sold for the purposes prescribed.  The Department shall charge at a rate of 50¢ per $500 of value in  units of not less than $500. The recorder or registrar of titles of the several  counties shall sell the revenue stamps at a rate of 50¢ per $500 of  value or fraction of $500. The recorder or registrar of titles may use the  proceeds for the purchase of revenue stamps from the Department. The Department must establish a system to allow the recorder or registrar  of titles to purchase the revenue stamps electronically and must deliver the electronically purchased stamps to the recorder or registrar  of titles.(b) Electronic revenue stamp or alternative indicia.  If the recorder or registrar of titles uses an electronic revenue stamp or alternative indicia, the recorder or registrar of titles shall electronically file a return and electronically remit the tax to the Department on or before the 10th day of the month following the month in which the tax was required to be collected.  The return shall disclose the tax collected and other information that the Department may reasonably require.  The return shall be filed using a format prescribed by the Department.If a return is not filed or the tax is not fully paid as required under this Section within 15 days of the required time period, the Department may eliminate the recorder or registrar of titles' ability to electronically file its returns and electronically remit the tax until such time as the recorder or registrar of titles fully remits the return and tax amount due. (Source: P.A. 98-929, eff. 8-15-14.)
35 ILCS 200/31-20
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-20. Affixing of stamps.  Payment of the tax shall be evidenced by  revenue stamps in the amount required to show full payment of the tax imposed  by Section 31-10. Except as provided in Section 31-45, a deed, document  transferring a controlling interest in real property,  or trust document  shall not be accepted for filing by any recorder or registrar of titles unless  revenue stamps in the required amount have been purchased from the recorder or  registrar of titles of the county where the deed, document transferring a  controlling interest in real property,  or trust document is being  filed for recordation.  The revenue stamps shall be affixed to the deed,  document transferring a controlling interest in real property,  or  trust document by the recorder or the registrar of titles either before or  after recording as requested by the grantee. The Department may prescribe a form to which stamps must be affixed that a transferee must file for recordation at the time a declaration is presented if a transferring document is not presented for recordation within 3 business days after the transfer is effected. A person using or affixing a  revenue stamp shall cancel it and so deface it as to render it unfit for reuse  by marking it with his or her initials and the day, month and year when the  affixing  occurs.  The marking shall be made by writing or stamping in  indelible ink or by perforating with a machine or punch. However, the revenue  stamp shall not be so defaced as to prevent ready determination of its  denomination and genuineness.      (Source: P.A. 93-657, eff. 6-1-04; 93-1099, eff. 6-1-05.)
35 ILCS 200/31-30
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-30.     Use of transfer declaration.     The recorder or registrar of  titles shall not record the declaration, but shall insert on the declaration  and all attachments  the Document Number assigned to the deed or trust document, and shall within  30 days of receipt  transmit the declaration to the chief county assessment officer.  The chief  county assessment officer shall insert on the declaration the most recent  assessed value for each parcel of the transferred property and other  information required by the Department, and, within 30 days of receipt or  within 30 days of the adjournment of the board of review for the previous  assessment year, whichever is later, shall transmit all the declarations to the Department.  The  chief county assessment officer may also copy and retain any information  relating to the property transferred to assist in determining the proper  assessed valuation of the property transferred and other properties in his  county.    (Source: P.A. 91-555, eff. 1-1-00.)
35 ILCS 200/31-35
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-35.     Deposit of tax revenue.(a) Beginning on the effective date of this amendatory Act of the 92nd  General  Assembly and through June 30, 2003,  of the moneys  collected under Section 31-15, 50% shall be deposited  into the Illinois Affordable Housing Trust Fund, 20% into the Open  Space Lands Acquisition and Development Fund, 5% into the  Natural Areas Acquisition Fund, and 25% into the General Revenue Fund.(b) Beginning July 1, 2003, of the moneys collected under Section 31-15,  50% shall be deposited into the Illinois Affordable Housing Trust Fund, 35%  into the Open Space Lands Acquisition and Development Fund, and 15% into the  Natural Areas Acquisition Fund.    (Source: P.A. 91-555, eff. 1-1-00; 92-536, eff. 6-6-02; 92-874, eff. 7-1-03.)
35 ILCS 200/31-40
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-40.     Real estate in civil townships.     If the real estate described in  the deed is located in a civil township, the recorder or registrar of titles  shall transmit a copy of the  declaration to the township or multi-township  assessor for that township. This Section does not apply to any county having an  elected county assessor.    (Source: P.A. 83-358; 88-455.)
35 ILCS 200/31-45
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-45. Exemptions. The following deeds or trust documents shall be  exempt from the provisions of this Article except as provided  in this Section:(a) Deeds representing real estate transfers made     before January 1, 1968, but recorded after that date and trust documents executed before January 1, 1986, but recorded after that date.(b) Deeds to or trust documents relating to (1)     property acquired by any governmental body or from any governmental body, (2) property or  interests transferred between governmental bodies, or (3) property acquired by or from any corporation, society, association, foundation or institution organized and operated exclusively for charitable, religious or educational purposes. However, deeds or trust documents, other than those in which the Administrator of Veterans Affairs of the  United States is the grantee pursuant to a foreclosure proceeding, shall not be exempt from filing the declaration.(c) Deeds or trust documents that secure debt or     other obligation.(d) Deeds or trust documents that, without additional     consideration, confirm, correct, modify, or supplement a deed or trust document previously recorded.(e) Deeds or trust documents where the actual     consideration is less than $100.(f) Tax deeds.(g) Deeds or trust documents that release property     that is security for a debt or other obligation.(h) Deeds of partition.(i) Deeds or trust documents made pursuant to     mergers, consolidations or transfers or sales of substantially all of the assets of corporations under plans of reorganization under the Federal Internal Revenue Code or Title 11 of the Federal Bankruptcy Act.(j) Deeds or trust documents made by a subsidiary     corporation to its parent corporation for no consideration other than the cancellation or surrender of the subsidiary's stock.(k) Deeds when there is an actual exchange of real     estate and trust documents when there is an actual exchange of beneficial interests, except that that money difference or money's worth paid from one to the other is not exempt from the tax.  These deeds or trust documents, however, shall not be exempt from filing the declaration.(l) Deeds issued to a holder of a mortgage, as     defined in Section 15-103 of the Code of Civil Procedure, pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure.(m) A deed or trust document related to the purchase     of a principal residence by a participant in the program authorized by the Home Ownership Made Easy Act, except that those deeds and trust documents shall not be exempt from filing the declaration. (Source: P.A. 100-201, eff. 8-18-17.)
35 ILCS 200/31-46
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-46. Exemption from tax equal to corporate franchise taxes paid.  If a  transfer of a controlling interest in a real estate entity is taxed under this  Article and the  real estate entity liable for the tax under this Article is also liable for  corporate franchise  taxes under the Business Corporation Act of 1983 as a result of the transfer,  then the real  estate entity is exempt from paying the tax imposed under this Article to the  extent of the  corporate franchise tax paid by the real estate entity as a result of the  transfer. The  exemption shall not reduce the real estate entity's tax liability under this  Article to less  than zero.           (Source: P.A. 93-657, eff. 6-1-04.)
35 ILCS 200/31-47
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-47.     Verification.     In all counties, each transfer declaration  filed under this Law shall include a written statement by both the grantor or  grantor's agent and the grantee or grantee's agent that the information  contained in the declaration is true and correct to the best of his or her  knowledge and  belief.  In counties of 3,000,000 or more inhabitants, the declaration shall  also contain a written statement executed by the grantor or the grantor's agent  verifying that, to the best of his or her knowledge, the name of the grantee  shown on the deed or assignment of beneficial interest in a land trust is  either a natural person, an Illinois corporation or foreign corporation  authorized to do business or acquire and hold title to real estate in Illinois,  a partnership authorized to do business or acquire and hold title to real  estate in Illinois, or other entity recognized as a person and authorized to do  business or acquire and hold title to real estate under the laws of Illinois.  In counties of 3,000,000 or more inhabitants, the declaration shall also  contain a written statement executed by the grantee or the grantee's agent  verifying that the name of the grantee shown on the deed or assignment of  beneficial interest in a land trust is either a natural person, an Illinois  corporation or foreign corporation authorized to do business or acquire and  hold title to real estate in Illinois, a partnership authorized to do business  or acquire and hold title to real estate in Illinois, or other entity  recognized as a person and authorized to do business or acquire and hold title  to real estate under the laws of Illinois.    (Source: P.A. 91-555, eff. 1-1-00.)
35 ILCS 200/31-50
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-50.     Penalties.     Any person who willfully falsifies the value of  transferred real estate on the transfer  declaration required by Section 31-25  or who willfully falsifies or willfully omits any other information required by  Section 31-25 or who willfully and falsely claims a transaction to be exempt  under Section 31-45 is  guilty of a Class B misdemeanor. Any person who  knowingly submits a false statement concerning the identity of a grantee under  the provisions of this Article is guilty of a Class C misdemeanor.  A second or  subsequent conviction of an offense is a Class A misdemeanor. A prosecution for  any act in violation of this Article may be commenced at any time within 5  years of the commission of the act. Only the buyer or the buyer's  representative shall attest to the accuracy of the financing information  reported on the  declaration and required by Section 31-25. Any person  convicted of any offense under this Law is liable for the tax due in  addition to any fines imposed by the court.    (Source: P.A. 91-555, eff. 1-1-00.)
35 ILCS 200/31-55
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-55.     Public records.     Transfer declarations under this Article are  public records and shall be made available for inspection, upon request,  during regular business hours.    (Source: P.A. 87-543; 88-455.)
35 ILCS 200/31-60
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-60.     Check for violations.     The Department shall conduct spot checks  or investigations of declarations required to be filed by this Article and  may forward information of violations to the State's Attorney of  the county  where the violations occur for prosecution and collection of taxes.    (Source: P.A. 91-555, eff. 1-1-00.)
35 ILCS 200/31-65
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-65.     Additional tax.     The tax imposed by Section 31-10 is in addition  to all other occupation  or privilege taxes imposed by the State of Illinois or  by any municipal corporation or political subdivision.    (Source: Laws 1967, p. 1716; P.A. 88-455.)
35 ILCS 200/31-70
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 31-70.     Rules.     The Department may prescribe reasonable rules for  the administration of this Article, including rules permitting a transfer  declaration in a prescribed electronic form and permitting the electronic  transmission of the transfer declaration using a prescribed method and  format.    (Source: P.A. 91-555, eff. 1-1-00.)
35 ILCS 200/Art. 32 heading
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

 Article 32.      Continuation of Prior Law - Statutes Repealed
35 ILCS 200/32-1
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 32-1.     Prior law.(a) A provision of this Code that is the same as a prior law shall be  construed as a continuation of the prior law and not as a new or different law.(b) A citation in another Act to an Act or to a Section of an  Act that is continued in this Code shall be construed to be a citation to that  continued provision in this Code.    (Source: P.A. 88-455.)
35 ILCS 200/32-5
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 32-5.     Other Acts of the 88th General Assembly.     If any other Act of  the 88th General Assembly changes, adds, or repeals a provision of prior law  that is continued in this Code, than that change, addition, or repeal in the  other Act shall be construed together with this Code.    (Source: P.A. 88-455.)
35 ILCS 200/32-10
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 32-10.     Home rule; mandates.     Nothing in this Code as initially  enacted (i) is a denial or limitation on home rule powers where no denial or  limitation existed under prior law or (ii) creates a State mandate under the  State Mandates Act where no mandate existed under prior law.    (Source: P.A. 88-455.)
35 ILCS 200/32-15
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 32-15.     Titles; articles; captions.     The language contained in the  Titles, Articles, Captions, and  Section and subsection headings in this Code:(a) is intended only as a general description that is not a part of the  substantive provisions of this Code;(b) does not take precedence over the content of the substantive provisions  of this Code; and(c) shall not be used in construing the meaning of the substantive  provisions of this Code.    (Source: P.A. 88-455.)
35 ILCS 200/32-17
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 9 - Other Provisions

Sec. 32-17.     Severability.     The provisions of this amendatory Act of 1995 are  severable under Section 1.31 of the Statute on Statutes.    (Source: P.A. 89-126, eff. 7-11-95.)