IL SB2093

Amends Section 31-15 of the Property Tax Code concerning collection of the state real estate transfer tax through revenue stamps.

Authorizes the Department to design combined revenue stamps that provide evidence of payment for both state and county real estate transfer taxes in counties that have imposed a county transfer tax.

Requires the Department to establish an electronic system allowing recorders and registrars of titles to purchase revenue stamps electronically and receive electronic delivery of those stamps.

Maintains the existing tax rate of 50¢ per $500 of property value (or fraction thereof) for the real estate transfer tax.