IL SB2677

Amends the Property Tax Code to modify redemption requirements for tax certificates by establishing a tiered penalty structure ranging from 1x to 6x the penalty bid amount based on redemption timing (6-month intervals up to 36 months from sale date).

Allows tax certificate holders in counties with fewer than 3,000,000 inhabitants to pay subsequent taxes only after the second or final installment becomes delinquent, or after filing a petition for tax deed.

Modifies language in Sections 21-355, 22-35, and 22-40 to clarify that counties, cities, villages, and incorporated towns can enforce liens for public fund advancements and must be reimbursed before tax deed issuance or can waive the lien.

Makes identical amendments to the Mobile Home Local Services Tax Enforcement Act (Section 395) regarding reimbursement requirements for counties and municipalities before issuance of tax certificates of title.

Establishes specific fees for tax deed issuance ($10 in counties with 3,000,000+ inhabitants; $5 in smaller counties) and allows title search fees up to $150 per redemption.