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IL SB1795

Bill

Status

Failed

1/13/2015

Primary Sponsor

Iris Martinez

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Establishes a $1 per document recording fee in all counties for documents affecting real property interests (excluding public utility easements), with $0.50 deposited into the Recorder's Automation Fund and $0.50 into the County General Revenue Fund, exempting State agencies, local government, and school districts.

  • Establishes a $1 per document recording fee in counties exceeding 1,000,000 population, with $0.50 deposited into the County Recorder Document Storage System Fund and $0.50 into the County General Revenue Fund, with the same exemptions for government entities.

  • Protects funds from offsetting other county appropriations or funding for the recorder's office by requiring that additional amounts from automation and document storage funds cannot reduce existing county appropriations.

  • Reduces the Rental Housing Support Program State surcharge from $10 to $9 per recorded real estate-related document, with $9 submitted to the Department of Revenue for the program fund and counties retaining any difference.

  • Adds legislative findings that the rental housing program benefits real estate document filers through property value stabilization, rental property owners through rent subsidies, property owners facing foreclosure, and tenants through rental assistance.

Legislative Description

CNTY CD-HOUSING-RECORDING FEES

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments4/30/2013
Local Government2/27/2013
Assignments2/15/2013

Full Bill Text

No bill text available