Illinois House Bill 3040

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-02-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Modifies procedures relating to forfeited properties, including that the procedures relate to forfeiture of tax liens and certificates, rather than forfeiture of property, and that the tax liens and certificates are forfeited to the county rather than the State. Modifies when a court must declare a sale to be a sale in error and how refunds of costs and taxes are to be refunded (removing interest on costs and taxes paid). Provides that, if a sale is declared to be a sale in error, the tax certificate shall be forfeited to the county as trustee. Provides that vacant nonfarm property and property containing a residential structure with at least 7 units sold under the Code may be redeemed at any time before the expiration of one year (rather than 6 months) from the date of the sale (removing restrictions on the delinquency or forfeiture status of the property). Modifies other provisions relating to redemption of property, including the extension of the period of redemption. Modifies a provision relating to special assessments withdrawn (removing forfeiture language) and repeals other provisions about special assessments withdrawn or forfeited. Modifies provisions relating to notice of sale and redemption rights. Modifies various provisions concerning tax deeds. Repeals a provision concerning the denial of deeds. Makes other changes. Effective immediately.

PROPERTY TAX CODE-VARIOUS

Rep. Nicholas Smith [D]

Date	Chamber	Action
2023-02-16	House	Referred to Rules Committee
2023-02-16	House	First Reading
2023-02-16	House	Filed with the Clerk by Rep. Nicholas K. Smith

Chapter	Article	Section	Citation Type	Statute Text
35	200	21-145	Amended Code	Citation Text
35	200	21-225	Amended Code	Citation Text
35	200	21-235	Amended Code	Citation Text
35	200	21-250	Amended Code	Citation Text
35	200	21-310	Amended Code	Citation Text
35	200	21-315	Amended Code	Citation Text
35	200	21-320	Amended Code	Citation Text
35	200	21-325	Amended Code	Citation Text
35	200	21-330	Amended Code	Citation Text
35	200	21-335	Amended Code	Citation Text
35	200	21-350	Amended Code	Citation Text
35	200	21-370	Amended Code	Citation Text
35	200	21-385	Amended Code	Citation Text
35	200	21-400	Amended Code	Citation Text
35	200	21-405	Repealed Code	Citation Text
35	200	21-430	Amended Code	Citation Text
35	200	21-90	Amended Code	Citation Text
35	200	22-10	Amended Code	Citation Text
35	200	22-25	Amended Code	Citation Text
35	200	22-30	Amended Code	Citation Text
35	200	22-35	Amended Code	Citation Text
35	200	22-40	Amended Code	Citation Text
35	200	22-5	Amended Code	Citation Text
35	200	22-50	Repealed Code	Citation Text
35	200	22-60	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3040&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB3040.htm