IL HB4915

Amends the Senior Citizens Real Estate Tax Deferral Act to establish that deferred property taxes and taxes paid by the Department of Revenue constitute a prior and first lien on the property, superior to all other liens and encumbrances

Requires the tax deferral and recovery agreement between property owners and the county collector to expressly state that deferred amounts create a first-priority lien on the property

Lien remains in effect until all deferred taxes, interest, and associated costs are fully paid in accordance with the Act

Takes effect immediately upon becoming law