(55 ILCS 5/3-5021) (from Ch. 34, par. 3-5021)
(Text of Section before amendment by P.A. 103-400)
Sec. 3-5021.
Recording or registering instruments transferring
title to real estate or a beneficial interest in real estate subject to a
land trust. If any home rule municipality has levied a real estate transfer
tax and a certified copy of the ordinance or resolution levying the tax,
specifying the rates and the design and denomination of stamps evidencing
payment thereof, has been on file with the county recorder for at least
30 days, the recorder of that county may not accept for recording or for
registration under "An Act concerning land titles", approved May 1, 1897,
as amended, any instrument transferring title to real estate in that
municipality, or the beneficial interest in real estate in that
municipality which is the subject of a land trust, for which revenue stamps
are required to be purchased under the "Real Estate Transfer Tax Act",
approved July 17, 1967, as amended, without proof of payment of the
municipal real estate transfer tax.
(Source: P.A. 86-962.)
(Text of Section after amendment by P.A. 103-400)
Sec. 3-5021.
Recording or registering instruments transferring
title to real estate or a beneficial interest in real estate subject to a
land trust. If any home rule municipality has levied a real estate transfer
tax and a certified copy of the ordinance or resolution levying the tax,
specifying the rates and the design and denomination of stamps evidencing
payment thereof, has been on file with the county recorder for at least
30 days, the recorder of that county may not accept for recording or for
registration any instrument transferring title to real estate in that
municipality, or the beneficial interest in real estate in that
municipality which is the subject of a land trust, for which revenue stamps
are required to be purchased without proof of payment of the
municipal real estate transfer tax.
(Source: P.A. 103-400, eff. 1-1-24.)
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