IL SB2830

Creates the Community Revitalization Property Trust as a state political subdivision to acquire tax-delinquent parcels that receive no bids at scavenger sales or are in distressed municipalities, clear titles, extinguish liens, and convey properties for $1 to qualified local purchasers including residents, nonprofits, and small developers.

Eliminates interest on sale-in-error refunds caused by county assessor, treasurer, sheriff, or other county office errors; caps interest at 6% annually when permitted; and limits tax purchasers to $2,000,000 in cumulative sale-in-error refunds per year.

Requires tax purchasers to bear at least 10% of the purchase amount in sale-in-error situations arising from conditions discoverable through ordinary due diligence at the time of sale.

Mandates presale certifications from the county assessor, county treasurer, sheriff, and circuit court clerk before any tax sale, affirming parcel eligibility, proper notice service, and accurate tax amounts—sales without complete certification are void.

Automatically extinguishes delinquent taxes exceeding 125% of a parcel's assessed market value and imposes a moratorium on scavenger sales for parcels in distressed municipalities, redirecting those properties to land banks or the Trust.