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House Bill 1205 |
House Author: Button et al. |
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Effective: 1-1-10 |
Senate Sponsor: Carona |
Previous law prohibited a tax collector who collects taxes for one taxing unit from making a refund of an overpayment or erroneous payment of property taxes without the approval of the governing body of the taxing unit if the amount of the refund exceeded $2,500 for a refund to be paid by a county with a population of 1.5 million or more. House Bill 1205 amends the Tax Code to increase the threshold dollar amount to $5,000 and the minimum population requirement to two million before approval of the governing body of a taxing unit in the county is required for the refund. The bill retains a provision requiring governing body approval of a refund that exceeds $500 to be paid by any other taxing unit. In the case of a collector who collects taxes for more than one taxing unit, the governing body of the taxing unit must approve the refund if the amount of the refund exceeds $5,000 for a refund to be paid by a county with a population of two million or more, or $2,500 for a refund to be paid by any other taxing unit.