House Sponsors: PUGH. 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 due amount 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. FISCAL NOTE (Department of Revenue) HB2086 is a local gov't. issue and does not directly impact the Department. HOME RULE NOTE (Dept. of Commerce and Community Affairs) Does not preempt home rule power of municipalities or counties. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) Creates a due process mandate for which no State reimbursement is required. HOUSE AMENDMENT NO. 3. Adds reference to: 35 ILCS 200/21-306 new 35 ILCS 200/22-40 Deletes everything. Amends the Property Tax Code. Provides that any owner of property who sustains loss or damage by reason of the issuance of certain tax deeds and who is barred or is in any way pre- cluded from bringing an action for the recovery of the property shall have a limited right to indemnity for the loss or damage sustained. Provides that a contract involving the proceeds of a judgment for in- demnity between the tax deed grantee or its successors in title and the indemnity petitioner or his or her successors shall be in writing. Provides that in actions for payment under the indemnity fund, the Collector shall be entitled to discovery of certain information. Pro- vides that an indemnity fund award may not exceed $99,000. Creates the offense of indemnity fund fraud as a Class A misdemeanor for the com- mission of one act and as a Class 4 felony for the commission of more than one act or for subsequent convictions. Provides that after an order is entered setting aside a redemption, a person entitled to re- deem may pay the clerk within 30 days (instead of 45) after the order. Provides that if taxes for years prior to the year sold remain delin- quent at the time of the tax deed hearing, then the delinquent taxes may be merged into the tax deed upon certain court determinations. Makes other changes. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status