Bill Text: IL SB3003 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Requires purchasers of tax delinquent property to reimburse holders of certain notes and receiver's certificates issued under the Illinois Municipal Code before a tax deed may be issued. Provides that, in lieu of reimbursement, the tax sale may be set aside as a sale in error. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die [SB3003 Detail]
Download: Illinois-2013-SB3003-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||
5 | Section 22-35 as follows:
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6 | (35 ILCS 200/22-35)
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7 | Sec. 22-35. Reimbursement of municipality before issuance | ||||||||||||||||||||||||
8 | of tax deed.
Except in any proceeding in which the tax | ||||||||||||||||||||||||
9 | purchaser is a county acting as a
trustee for
taxing districts | ||||||||||||||||||||||||
10 | as provided in Section 21-90,
an order for the issuance of a | ||||||||||||||||||||||||
11 | tax deed under this Code shall not be entered
affecting the | ||||||||||||||||||||||||
12 | title to or interest in any property in which a city, village | ||||||||||||||||||||||||
13 | or
incorporated town has an interest under the police and | ||||||||||||||||||||||||
14 | welfare power by
advancements made from public funds, until the | ||||||||||||||||||||||||
15 | purchaser or assignee makes
reimbursement to the city, village | ||||||||||||||||||||||||
16 | or incorporated town of the money so
advanced or the city, | ||||||||||||||||||||||||
17 | village, or town waives its lien on the property for
the money | ||||||||||||||||||||||||
18 | so advanced. However, in lieu of reimbursement or waiver, the
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19 | purchaser or
his or her
assignee may make application for and | ||||||||||||||||||||||||
20 | the court shall order that the tax
purchase be set aside as a | ||||||||||||||||||||||||
21 | sale in error. A filing or appearance fee shall not
be required | ||||||||||||||||||||||||
22 | of a city, village or incorporated town seeking to enforce its
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23 | claim under this Section in a tax deed proceeding. |
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1 | An order for the issuance of a tax deed under this Code | ||||||
2 | shall not be entered affecting the title to or interest in any | ||||||
3 | property in which a holder of a note or receiver's certificate | ||||||
4 | issued against the property pursuant to Section 11-31-2 of the | ||||||
5 | Illinois Municipal Code, and duly recorded and transferred by | ||||||
6 | the receiver after its initial issuance as provided in that | ||||||
7 | Section, has an interest under the note or receiver's | ||||||
8 | certificate until the purchaser or assignee makes | ||||||
9 | reimbursement to the holder of the note or receiver's | ||||||
10 | certificate in the face amount of the note or certificate plus | ||||||
11 | any accrued interest thereupon. However, in lieu of | ||||||
12 | reimbursement, the purchaser or his or her assignee may make | ||||||
13 | application for and the court shall order that the tax purchase | ||||||
14 | be set aside as a sale in error.
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15 | (Source: P.A. 93-490, eff. 8-8-03.)
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16 | Section 99. Effective date. This Act takes effect upon | ||||||
17 | becoming law.
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