SB3323 Summary

• Establishes the Uniform State Tax Lien Registration Act, creating a statewide public database called the Uniform State Tax Lien Registry maintained by the Department of Revenue for filing tax liens.

• Allows the Department of Revenue to file notice of tax liens in the registry within 3 years of a final tax liability; liens are perfected upon inclusion and attach to all existing and after-acquired property of the debtor statewide.

• Tax liens remain in effect for 20 years from filing unless released; Department may impose filing fees and fees to release liens, and may sell bulk information from the registry (excluding use for survey, marketing, or solicitation).

• Amends the Illinois Income Tax Act, Retailers' Occupation Tax Act, Cannabis and Controlled Substances Tax Act, and Title Insurance Act to redirect tax lien filings from county recorders to the centralized Uniform State Tax Lien Registry.

• Effective January 1, 2017.