PROPERTY TAX-TAX SALE Senate SponsorsSen. Denny Jacobs House Sponsors(Rep. Robert S. Molaro) 1/11/2005SenateSession Sine Die 35 ILCS 200/21-35535 ILCS 200/22-15Amends the Property Tax Code. Provides that the penalty that must be paid to redeem property sold at a tax sale includes (i) a fee of $100 (now, $35) if a petition for tax deed has been filed; (ii) a fee of $10 (now, $4) if a notice of sale and redemption rights has been filed; and (iii) up to $125 paid for costs of title insurance and to identify and locate owners and interested parties to the subject real estate. Provides that the purchaser or his or her assignee shall give the notice of expiration of the period of redemption for property sold at a tax sale by, in addition to other requirements, causing the notice to be served by a process server or sheriff (now, a sheriff). Effective January 1, 2004.Senate Floor Amendment No. 1 Changes the amount of the fee required to be paid to redeem property sold at a tax sale if a petition for tax deed has been filed on the property to $75 ($100 in underlying bill, $35 under current law). Changes the amount of the fee required to be paid to redeem property sold at a tax sale to include up to $75 ($125 in underlying bill, no fee under current law) for costs of title insurance and to identify and locate owners and interested parties to the subject real estate.Senate Floor Amendment No. 2 Changes the component of the redemption fee for title insurance to a fee for title search and provides that the fee may be charged only if a copy of the results of the title search is provided upon request.Housing Affordability Impact Note (Housing Development Authority) There will be no fiscal impact on the cost of constructing, purchasing, owning or selling a single family residence. 2/20/2003SenateFiled with Secretary by Sen. Denny Jacobs 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 2/27/2003SenateAssigned to Revenue 3/6/2003SenateDo Pass Revenue; 007-001-000 3/6/2003SenatePlaced on Calendar Order of 2nd Reading March 11, 2003 3/13/2003SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Denny Jacobs 3/13/2003SenateSenate Floor Amendment No. 1 Referred to Rules 3/18/2003SenateSenate Floor Amendment No. 1 Rules Refers to Revenue 3/19/2003SenateSenate Floor Amendment No. 1 Be Adopted Revenue; 006-001-000 3/24/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Denny Jacobs 3/24/2003SenateSenate Floor Amendment No. 2 Referred to Rules 3/24/2003SenateSenate Floor Amendment No. 2 Rules Refers to Revenue 3/25/2003SenateSenate Floor Amendment No. 2 Be Adopted Revenue; 008-000-000 3/27/2003SenateHousing Affordability Impact Note Filed 4/2/2003SenateSecond Reading 4/2/2003SenateSenate Floor Amendment No. 1 Adopted; Jacobs 4/2/2003SenateSenate Floor Amendment No. 2 Adopted; Jacobs 4/2/2003SenatePlaced on Calendar Order of 3rd Reading April 3, 2003 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 4/8/2003SenateThird Reading - Passed; 055-000-000 4/8/2003HouseArrived in House 4/8/2003HousePlaced on Calendar Order of First Reading 4/8/2003HouseChief House Sponsor Rep. Robert S. Molaro 4/9/2003HouseFirst Reading 4/9/2003HouseReferred to Rules Committee 4/10/2003HouseAssigned to Executive Committee 5/2/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005SenateSession Sine Die