IL SB2084

Creates the Fairness in Property Tax Foreclosure Task Force to study issues related to property foreclosures resulting from unpaid property taxes and make recommendations to the General Assembly

Task Force membership includes 16 voting members appointed by legislative leaders, the Governor, and co-chairpersons, representing assessors, municipalities, realtors, bankers, attorneys, county officials, and housing organizations

Required study topics include the U.S. Supreme Court decision in Tyler v. Hennepin County (regarding retention of excess sale proceeds), due process and takings requirements, notice sufficiency to delinquent taxpayers, and differences between residential and commercial property foreclosures

Members must be appointed within 30 days of the Act's effective date, the Task Force must meet at least 4 times, and a final report is due to the General Assembly by December 30, 2025

Task Force members serve without compensation, are exempt from state ethics training and disclosure requirements, and the Task Force dissolves upon report submission with the enabling section repealed January 1, 2026