JONES SAVES TAXPAYERS MONEY
Springfield, IL— State Senator Emil Jones III passed legislation out of the Senate that extends the amount of time a taxpayer has to obtain a property refund for a false assessment of overpayment. To learn more press the jump
FOR IMMEDIATE RELEASE FOR MORE INFORMATION:
March 10, 2011 Larry Luster 217-782-0907
Under current law, individuals have 5 years to claim their refund and this measure would extend that time to 20 years.
"We need to help taxpayers during these tough times. The application process sometimes takes the full five years taxpayers have to make their claims. I just want to assure a fair process and ample time,” Jones said.
Senate Bill 1386 also requires that all county treasurers maintains records of payment. Overpayment often occurs when taxes are paid from an escrow account, but the property owner also pays them.
“I will continue to support initiatives that give taxpayers back what is rightfully theirs. Measures like this will foster fiscal growth and consumer spending, which is exactly what our economy needs” Jones said.
Senate Bill 1386 will now go before the House for further consideration.
###