SB3908 - 104th General Assembly

TAX DEED EQUITY
Last Action
2/24/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Celina Villanueva
Statutes Amended In Order of Appearance
30 ILCS 105/5.1038 new
35 ILCS 200/22-100 new
35 ILCS 200/22-101 new
Synopsis As Introduced
Amends the Property Tax Code. Establishes the State Tax Deed Equity Fund. Provides that moneys in the Tax Deed Equity Fund shall be expended exclusively for the purpose of paying the amount ordered for equity surplus payments to Illinois property owners who have lost their property by a recorded tax deed. Contains provisions concerning applications for payment from the Tax Deed Equity Fund. Makes changes to the amount of the indemnity fund fee. Makes changes concerning required notices by the tax deed grantee to the owner of the property.
Actions
Date Chamber Action
2/06/2026 Senate Filed with Secretary by Sen. Celina Villanueva
2/06/2026 Senate First Reading
2/06/2026 Senate Referred to Assignments
2/24/2026 Senate Assigned to Revenue
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026