IL SB3003

Amends the Property Tax Code Section 22-35 to require tax purchasers to reimburse holders of notes or receiver's certificates issued under Section 11-31-2 of the Illinois Municipal Code before a tax deed can be issued.

Requires reimbursement of the face amount of the note or receiver's certificate plus any accrued interest to the holder before tax deed issuance.

Allows tax purchasers to petition the court to set aside the tax purchase as a sale in error as an alternative to reimbursement or waiver of the lien.

Exempts municipalities from filing or appearance fees when seeking to enforce claims under this section in tax deed proceedings.

Takes effect immediately upon becoming law.