summary
Introduced
02/07/2025
02/07/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. In provisions concerning tax sales, provides that, for tax certificates sold after January 1, 2026, the accrued interest penalty is 0.75% of the certificate amount per month in counties with more than 3,000,000 inhabitants and 1.25% of the certificate amount per month in counties with 3,000,000 inhabitants or less. Makes conforming changes. Changes a fee to $350 (instead of $35) if a petition for tax deed has been filed and a fee to $40 (instead of $4) if a specified notice has been filed. Provides that, for any tax sale, either the collector shall employ an automated bidding system that is programmed to accept the winning bidder at random (instead of the lowest redemption price bid by an eligible tax purchaser, subject to certain limitations) or all tax sales shall be digitally recorded with video and audio. Provides that each county collector in a county with 100,000 (instead of 275,000) or more inhabitants shall adopt a single bidder rule sufficient to prohibit a tax purchaser from registering more than one related bidding entity at the tax sale.
AI Summary
This bill amends the Property Tax Code to modify several provisions related to tax sales and redemptions. For tax certificates sold after January 1, 2026, the bill introduces different interest penalty rates based on county population size: 0.75% per month for counties with over 3,000,000 inhabitants and 1.25% per month for counties with 3,000,000 inhabitants or fewer. The bill also changes procedural requirements for tax sales, mandating that county collectors either use an automated bidding system that randomly selects a winning bidder or digitally record all tax sales with video and audio. Additionally, the legislation lowers the population threshold for implementing a single bidder rule from 275,000 to 100,000 inhabitants, which prevents a tax purchaser from registering more than one related bidding entity at a tax sale. The bill further increases certain administrative fees, such as raising the fee for filing a tax deed petition from $35 to $350 and the fee for filing a specific notice from $4 to $40. These changes aim to improve transparency, fairness, and efficiency in the tax sale process across different counties in Illinois.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3690&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3690.htm |
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