Bill Text: IL SB1710 | 2011-2012 | 97th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Property Tax Code. Provides that all tax sales that are not conducted using automated means shall be videotaped. In a Section concerning penalty bids, provides that the collector may, at his or her discretion, declare the taxes forfeited if multiple simultaneous bids of the same percentage are made and those bids are the lowest. Provides that, if there are multiple bids for 0%, then the collector shall randomly select one of the bidders to be the purchaser of the property. Provides that, during the sale, each bidder's penalty percentage shall be disclosed to the other bidders. Provides that bidders shall have the opportunity to reduce their bids during the sale after previous bids have been disclosed. Provides that a record of the winning bid and the name of the tax purchaser shall be open to public inspection.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB1710 Detail]

Download: Illinois-2011-SB1710-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB1710 Introduced 2/9/2011, by Sen. William R. Haine SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-205
35 ILCS 200/21-215
Amends the Property Tax Code. Provides that all tax sales that are not conducted using automated means shall be videotaped. In a Section concerning penalty bids, provides that the collector may, at his or her discretion, declare the taxes forfeited if multiple simultaneous bids of the same percentage are made and those bids are the lowest. Provides that, if there are multiple bids for 0%, then the collector shall randomly select one of the bidders to be the purchaser of the property. Provides that, during the sale, each bidder's penalty percentage shall be disclosed to the other bidders. Provides that bidders shall have the opportunity to reduce their bids during the sale after previous bids have been disclosed. Provides that a record of the winning bid and the name of the tax purchaser shall be open to public inspection.
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FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Sections 21-205 and 21-215 as follows:
(35 ILCS 200/21-205)
Sec. 21-205. Tax sale procedures. The collector, in person
or by deputy, shall attend, on the day and in the place
specified in the notice for the sale of property for taxes, and
shall, between 9:00 a.m. and 4:00 p.m., or later at the
collector's discretion, proceed to offer for sale, separately
and in consecutive order, all property in the list on which the
taxes, special assessments, interest or costs have not been
paid. However, in any county with 3,000,000 or more
inhabitants, the offer for sale shall be made between 8:00 a.m.
and 8:00 p.m. The collector's office shall be kept open during
all hours in which the sale is in progress. The sale shall be
continued from day to day, until all property in the delinquent
list has been offered for sale. However, any city, village or
incorporated town interested in the collection of any tax or
special assessment, may, in default of bidders, withdraw from
collection the special assessment levied against any property
by the corporate authorities of the city, village or

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incorporated town. In case of a withdrawal, there shall be no
sale of that property on account of the delinquent special
assessment thereon.
In every sale of property pursuant to the provisions of
this Code, the collector may employ any automated means that
the collector deems appropriate, provided that bidders are
required to personally attend the sale and the automated means
must be certified by the Department. On and after the effective
date of this amendatory Act of the 97th General Assembly, all
tax sales shall be videotaped with audio. The changes made by
this amendatory Act of the 94th General Assembly are
declarative of existing law.
(Source: P.A. 94-922, eff. 1-1-07.)
(35 ILCS 200/21-215)
Sec. 21-215. Penalty bids. The person at the sale offering
to pay the amount due on each property for the least penalty
percentage shall be the purchaser of that property. No bid
shall be accepted for a penalty exceeding 18% of the amount of
the tax or special assessment on property. The collector may,
at his or her discretion, declare the taxes forfeited if
multiple simultaneous bids of the same percentage are made and
subsequent lower bids are not made. However, if there are
multiple bids for 0%, then the collector shall randomly select
one of the bidders to be the purchaser of the property. During
the sale, each bidder's percentage shall be disclosed to the

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other bidders. Bidders shall have the opportunity to reduce
their bids during the sale after other bids have been
disclosed. At the conclusion of the sale, a record of the
winning bid and the name of the tax purchaser shall be open to
public inspection.
(Source: P.A. 86-1431; 86-1480; 88-455.)