91st General Assembly
Summary of SB0560
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
Senate Sponsors:
CULLERTON.

Short description: 
PROP TX-REDEMPTION INDEMNITY                                               

Synopsis of Bill as introduced:
        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.                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status