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IL SB3097
Bill
Status
5/27/2022
Primary Sponsor
Mattie Hunter
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AI Summary
SB3097 Summary
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Amends the Property Tax Code to allow county collectors to conduct scavenger sales through electronic automated sales in addition to in-person public sales.
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Modifies payment procedures for scavenger sales, requiring successful bidders to pay the minimum bid by the end of the business day for in-person sales or by close of business day for electronic sales, with balance due by close of next business day.
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Removes a requirement that certificate of purchase owners file property owner names and addresses with the county clerk within 30 days of filing a tax deed petition, instead delegating notice procedures to the clerk.
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Changes the notice delivery timeline for mailed notices from "promptly" to a specific requirement that notices be mailed not less than 3 months prior to redemption expiration, and adjusts the filing deadline to not more than 6 months and not less than 111 days before redemption expiration.
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Applies changes to matters in which a tax deed petition is filed on or after the effective date, with a savings clause protecting tax deeds issued before the effective date.
Legislative Description
PROP TX-NOTICE OF REDEMPTION
Last Action
Public Act . . . . . . . . . 102-1003
5/27/2022