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Amends the Property Tax Code. Provides that any owner who has an interest in the property on the date a tax deed petition is filed with the clerk of the circuit court may request an excess proceeds sale. Sets forth the form of the request for excess proceeds and the notice requirements for the excess proceeds sale. Provides for certain indemnity fund surcharges and fees. Makes other changes. Effective immediately.
Introduced
Feb 18, 2025
Last Action
Mar 25, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Added Co-Sponsor Rep. Laura Faver Dias
Rule 19(a) / Re-referred to Rules Committee
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Jaime M. Andrade, Jr.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Laura Faver Dias
Jaime M. Andrade, Jr.