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IL HB2166

Bill

Status

Failed

1/7/2025

Primary Sponsor

Margaret Croke

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Removes requirement that tax sale notices include the specific redemption amount at the time notice is given.

  • Adds language to notices stating that the redemption amount is subject to increase at 6-month intervals from the date of sale and may increase further if the purchaser or assignee pays subsequently accruing taxes or special assessments.

  • Directs property owners to check with the county clerk for the exact amount owed before redeeming rather than relying on the amount stated in the notice.

  • Applies only to tax sales occurring on or after the effective date of this amendatory act.

Legislative Description

PROP TX-NOTICE OF RIGHTS

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules3/10/2023
Property Tax2/23/2023
Revenue & Finance2/21/2023
Rules2/7/2023

Full Bill Text

No bill text available