House Sponsors: PUGH. Short description: INDEMNITY FUND-PURCHASER FEES Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that in counties of 3,000,000 or more inhabitants, each person purchasing property at a tax sale shall pay to the county collector a fee of $80 for each item purchased plus an additional sum equal to 5% of taxes, interest, and penalties paid by the purchaser (now, 5% of total taxes, interest, and penalties paid). Provides that the additional 5% fees (rather than only one of the 2 additional 5% fees imposed in this provision) are not required after December 31, 2006. In provisions regarding redemption procedures, changes a reference from property purchased under a Section concerning redemption of forfeited property to a reference to property purchased under a Section concerning special assessments withdrawn or forfeited. Provides that the changes made by this amendatory Act are declaratory of existing law. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status