Bill > HB1061

This bill amends the Property Tax Code to allow property tax redemption payments to be made by credit card. Specifically, the bill modifies Section 21-355 of the Property Tax Code to include credit card payments as a valid method for making redemption payments to the county clerk, alongside existing payment methods like cashier's checks and money orders. The redemption process involves paying the total amount due, which includes the original tax certificate amount, accrued penalties (which vary based on the time since the tax sale), additional taxes and special assessments, various fees, and other associated costs. The bill provides flexibility for property owners by expanding the payment options when redeeming property that was sold at a tax sale, making it potentially easier for individuals to reclaim their property by allowing them to use credit cards for the redemption payment. This change could make the redemption process more convenient for property owners by offering an additional, potentially more accessible payment method.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1061&GAID=18&DocTypeID=HB&SessionID=114&GA=104