Bill Status of SB3940

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SB3940 - 104th General Assembly

PROP TX-TAX SALE
Last Action
2/24/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Celina Villanueva
Statutes Amended In Order of Appearance
35 ILCS 200/1-21 new
35 ILCS 200/1-22 new
35 ILCS 200/21-90
35 ILCS 200/21-110
35 ILCS 200/21-115
35 ILCS 200/21-160
35 ILCS 200/21-190
35 ILCS 200/21-205
35 ILCS 200/21-215
35 ILCS 200/21-225
35 ILCS 200/21-302 new
35 ILCS 200/21-305
35 ILCS 200/21-350
35 ILCS 200/22-5
35 ILCS 200/22-10
35 ILCS 200/22-40
35 ILCS 200/22-42 new
35 ILCS 200/22-65
765 ILCS 940/5
765 ILCS 940/30
Synopsis As Introduced
Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity which was lost in the property through an award of indemnity. Provides that, in counties with 3,000,000 or more inhabitants, the period of redemption is 3 years from the date of sale.
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