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SB0557 Engrossed |
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LRB094 09596 BDD 39849 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing |
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| Section 22-35 as follows:
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| (35 ILCS 200/22-35)
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| Sec. 22-35. Reimbursement of municipality before issuance |
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| of tax deed.
Except in any proceeding in which the tax |
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| purchaser is a county acting as a
trustee for
taxing districts |
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| as provided in Section 21-90,
an order for the issuance of a |
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| tax deed under this Code shall not be entered
affecting the |
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| title to or interest in any property in which a city, village |
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| or
incorporated town has an interest under the police and |
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| welfare power by
advancements made from public funds, until the |
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| purchaser or assignee makes
reimbursement to the city, village |
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| or incorporated town of the money so
advanced or the city, |
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| village, or town waives its lien on the property for
the money |
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| so advanced. However, in lieu of reimbursement or waiver, but |
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| only if the city, village, or incorporated town records a lien |
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| arising from the advancement of public funds after the date of |
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| the tax sale, the
purchaser or
his or her
assignee may make |
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| application for and the court shall order that the tax
purchase |
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| be set aside as a sale in error. A filing or appearance fee |
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| shall not
be required of a city, village or incorporated town |
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| seeking to enforce its
claim under this Section in a tax deed |
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| proceeding.
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| (Source: P.A. 93-490, eff. 8-8-03.)
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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