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IL SB3356

Bill

Status

Failed

1/13/2021

Primary Sponsor

Elgie Sims

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Prohibits any tax year from being offered at a scavenger sale prior to the annual tax sale for that tax year, or for omitted assessments, prior to the annual tax sale for that omitted assessment's warrant year.

  • Removes language allowing the current tax year to be included in scavenger sales and defines "warrant year" as the year preceding the calendar year in which an omitted assessment first became due and payable.

  • Changes the application deadline for judgments and orders of sale in Cook County for tax years 2019 and thereafter from April 1 to within 365 days of the second installment due date.

  • Amends the timeline for Cook County tax sales by consolidating multiple specific deadlines for tax years 2009-2018 into a single 365-day requirement for 2019 and subsequent years.

  • Takes effect upon becoming law, with provisions applying only to tax sales commenced on or after January 1, 2021.

Legislative Description

PROP TX-SCAVENGER SALE

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Revenue2/25/2020
Assignments2/14/2020

Full Bill Text

No bill text available