IL SB1207

Amends the Property Tax Code to waive interest and penalties on delinquent property taxes for real estate held in a decedent's probate estate

Estate representatives must apply to the county treasurer for the waiver to receive the exemption from interest and penalties

Waiver period begins on the date of the decedent's death and ends when either the property is sold, transferred, or conveyed, or when the estate is closed, whichever occurs first

Provides relief to estates managing property during the probate process, which can be lengthy and complex