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IL SB3642

Bill

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Mike Porfirio

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Amends the Illinois Property Tax Code to explicitly include townships in provisions allowing property tax abatement when governmental units acquire property
  • Extends to townships the ability to have all due or unpaid property taxes and existing liens voided when acquiring property through lien foreclosure, judicial deed, deed in lieu of foreclosure, or from dissolved/bankrupt entities
  • Requires townships acquiring property under these provisions to notify the chief county assessment officer, county collector, and county clerk to request voiding of tax liens
  • Updates official record-keeping language to replace specific governmental unit names with the general term "governmental unit" when documenting tax abatement acquisitions

Legislative Description

PROP TX-GOVERNMENTAL UNITS

Last Action

Rule 2-10 Committee Deadline Established As April 24, 2026

3/13/2026

Committee Referrals

Revenue2/17/2026
Assignments2/5/2026

Full Bill Text

No bill text available