IL HB5046

Amends the Property Tax Code to make the $80 fee paid by tax purchasers in counties with 3,000,000 or more inhabitants non-refundable when property is redeemed or declared a sale in error

Reinstates the 5% fee on taxes, interest, and penalties due at purchase for the indemnity fund, which had expired on December 31, 2006

Excludes the non-refundable $80 fee from the amount required for property owners to redeem their property from tax sales

Requires that when a sale is declared in error, the county collector must refund amounts paid except for the non-refundable $80 fee for each item purchased at the tax sale