IL HB4794 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that a property owner who sustains loss or damage by reason of the issuance of a tax deed is entitled to payment from the indemnity fund in the amount of the equity in the property described in the tax deed. Provides that a claim for equity must be filed within 90 days after the tax deed is recorded, except that, if the tax deed was issued on or after May 24, 2021 but before the effective date of the amendatory Act, then the petition for a claim for equity must be filed within 90 days after the effective date of the amendatory Act.

Tracking Information

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Title

PROP TAX-EQUITY

Sponsors


History

DateChamberAction
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue - Property Tax Subcommittee
2024-02-28HouseAssigned to Revenue & Finance Committee
2024-02-06HouseReferred to Rules Committee
2024-02-06HouseFirst Reading
2024-02-05HouseFiled with the Clerk by Rep. Kelly M. Burke

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520021-295Amended CodeCitation Text
3520021-305Amended CodeCitation Text
3520021-306Amended CodeCitation Text
3520021-90Amended CodeCitation Text

Illinois State Sources


Bill Comments

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