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SB 340 - Current law requires a county collector to assess penalties on property tax payments not made as of January 1. For all property tax liabilities incurred on or after January 1, 2020, this act allows a collector to enter into an agreement with a taxpayer for the payment of such taxes, including a waiver or reduction of penalties, provided that any such agreement requires such taxes to be paid not later than twelve months after the date the taxes are due. This act contains an emergency clause. This act is identical to HB 633 (2021), is substantially similar to a provision contained in CCS/SS#2/SCS/HCS/HB 271 (2021), and is similar to HB 180 (2021). JOSH NORBERG
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