Loading chat...
IL HB6932
Bill
Status
Introduced
10/29/2010
Primary Sponsor
Ron Stephens
Click for details
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