91st General Assembly
Status of SB0560
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CULLERTON.

   35 ILCS 200/21-295                                                          
   35 ILCS 200/21-305                                                          
   35 ILCS 200/21-397 new                                                      

        Amends the Property Tax  Code.   Provides  that  in  counties  of      
   3,000,000  or  more  inhabitants,  each  person purchasing taxes at an      
   annual or forfeiture sale shall pay the county collector a fee of  10%      
   on  the  taxes  paid.  Provides that the certificate holder shall also      
   pay a fee of 10% on all subsequent taxes paid on  the  tax  judgement,      
   sale,  redemption, and forfeiture record.  Provides that these amounts      
   paid before the issuance of  the  certificate  of  purchase  shall  be      
   included  in  the purchase price and redemption amount.  Provides that      
   in these counties, if an order sets aside a  redemption,  then  notice      
   must  be  given to the clerk and interested parties and the amount due      
   may be paid within 30 days of the order.  Provides that if the  amount      
   is  paid  within  this  30-day  period, then the court shall order the      
   taxes paid as if timely redeemed.  Makes other changes.                     
   99-02-24  S  FIRST READING                                                  
   99-02-24  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-24  S       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary