Loading chat...
IL SB2674
Bill
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