Senate Bill 580 amends the Tax Code to require the collector for a taxing unit, on request of a property owner who is a disabled veteran or a recipient of the Purple Heart, the Congressional Medal of Honor, the Bronze Star Medal, the Silver Star, the Legion of Merit, or a service cross awarded by a branch of the United States armed forces, to enter into a contract to establish an escrow account to provide for the installment payment of property taxes. Under the code, the collector already has authority to establish such accounts for any property owner but is not required to do so.