Loading chat...

IL HB6932

Bill

Status

Introduced

10/29/2010

Primary Sponsor

Ron Stephens

Click for details

Origin

House of Representatives

96th General Assembly

AI Summary

  • Amends Section 21-205 of the Property Tax Code regarding tax sale procedures conducted by tax collectors.

  • Requires collectors to employ an automated bidding system programmed to accept the lowest redemption price bid by a tax purchaser, subject to penalty percentage limitations in Section 21-215.

  • Mandates that bidders are required to personally attend the tax sale.

  • Declares that the changes made by this amendment are declarative of existing law.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-AUTOMATED TAX SALE

Last Action

Referred to Rules Committee

11/10/2010

Committee Referrals

Rules11/10/2010

Full Bill Text

No bill text available