IL SB3396 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments 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.
Title
PROP TAX-EQUITY
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2024-02-20 | Senate | Assigned to Revenue |
2024-02-08 | Senate | Referred to Assignments |
2024-02-08 | Senate | First Reading |
2024-02-08 | Senate | Filed with Secretary by Sen. Celina Villanueva |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 21-295 | Amended Code | Citation Text |
35 | 200 | 21-305 | Amended Code | Citation Text |
35 | 200 | 21-306 | Amended Code | Citation Text |
35 | 200 | 21-90 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3396&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB3396.htm |