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IL SB2674

Bill

Status

Failed

1/9/2019

Primary Sponsor

Bill Brady

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Amends Section 21-205 of the Property Tax Code regarding tax sale procedures and bidding practices.

  • Allows county collectors to adopt a single bidder rule prohibiting tax bidders from registering more than one related bidding entity.

  • Authorizes county collectors to eject tax bidders who disrupt the tax sale or use illegal bid practices.

  • Requires automated bidding systems or digital video and audio recording of tax sales beginning January 1, 2013, with hardware and software certification by the Department every 5 years.

  • Maintains existing provisions for tax sale timing (9:00 a.m. to 4:00 p.m., or 8:00 a.m. to 8:00 p.m. in counties with 3 million or more inhabitants) and allows cities and villages to withdraw special assessments in default of bidders.

Legislative Description

PROP TX-SINGLE BIDDER RULE

Last Action

Session Sine Die

1/9/2019

Committee Referrals

Rules5/8/2018
Executive2/20/2018
Assignments2/13/2018

Full Bill Text

No bill text available