97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB1710

 

Introduced 2/9/2011, by Sen. William R. Haine

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/21-205
35 ILCS 200/21-215

    Amends the Property Tax Code. Provides that all tax sales that are not conducted using automated means shall be videotaped. In a Section concerning penalty bids, provides that the collector may, at his or her discretion, declare the taxes forfeited if multiple simultaneous bids of the same percentage are made and those bids are the lowest. Provides that, if there are multiple bids for 0%, then the collector shall randomly select one of the bidders to be the purchaser of the property. Provides that, during the sale, each bidder's penalty percentage shall be disclosed to the other bidders. Provides that bidders shall have the opportunity to reduce their bids during the sale after previous bids have been disclosed. Provides that a record of the winning bid and the name of the tax purchaser shall be open to public inspection.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1710LRB097 08478 HLH 48605 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Sections 21-205 and 21-215 as follows:
 
6    (35 ILCS 200/21-205)
7    Sec. 21-205. Tax sale procedures. The collector, in person
8or by deputy, shall attend, on the day and in the place
9specified in the notice for the sale of property for taxes, and
10shall, between 9:00 a.m. and 4:00 p.m., or later at the
11collector's discretion, proceed to offer for sale, separately
12and in consecutive order, all property in the list on which the
13taxes, special assessments, interest or costs have not been
14paid. However, in any county with 3,000,000 or more
15inhabitants, the offer for sale shall be made between 8:00 a.m.
16and 8:00 p.m. The collector's office shall be kept open during
17all hours in which the sale is in progress. The sale shall be
18continued from day to day, until all property in the delinquent
19list has been offered for sale. However, any city, village or
20incorporated town interested in the collection of any tax or
21special assessment, may, in default of bidders, withdraw from
22collection the special assessment levied against any property
23by the corporate authorities of the city, village or

 

 

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1incorporated town. In case of a withdrawal, there shall be no
2sale of that property on account of the delinquent special
3assessment thereon.
4    In every sale of property pursuant to the provisions of
5this Code, the collector may employ any automated means that
6the collector deems appropriate, provided that bidders are
7required to personally attend the sale and the automated means
8must be certified by the Department. On and after the effective
9date of this amendatory Act of the 97th General Assembly, all
10tax sales shall be videotaped with audio. The changes made by
11this amendatory Act of the 94th General Assembly are
12declarative of existing law.
13(Source: P.A. 94-922, eff. 1-1-07.)
 
14    (35 ILCS 200/21-215)
15    Sec. 21-215. Penalty bids. The person at the sale offering
16to pay the amount due on each property for the least penalty
17percentage shall be the purchaser of that property. No bid
18shall be accepted for a penalty exceeding 18% of the amount of
19the tax or special assessment on property. The collector may,
20at his or her discretion, declare the taxes forfeited if
21multiple simultaneous bids of the same percentage are made and
22subsequent lower bids are not made. However, if there are
23multiple bids for 0%, then the collector shall randomly select
24one of the bidders to be the purchaser of the property. During
25the sale, each bidder's percentage shall be disclosed to the

 

 

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1other bidders. Bidders shall have the opportunity to reduce
2their bids during the sale after other bids have been
3disclosed. At the conclusion of the sale, a record of the
4winning bid and the name of the tax purchaser shall be open to
5public inspection.
6(Source: P.A. 86-1431; 86-1480; 88-455.)