PROP TX-REFUNDS

Amends the Property Tax Code concerning the payment of refunds. Provides that, upon the request of a school district whose revenues are affected by the refund, the collector shall not, within any single 12-month period, make refunds in excess of $100,000 due from taxes that were collected for that school district for any particular parcel if the refunds are attributable to more than one taxable year, but, instead, the collector must divide the refunds due to any final orders of the Property Tax Appeal Board or a court into at least as many 12-month periods as the number of taxable years for which the refunds are due.