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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB2834 Introduced 1/13/2026, by Sen. Lakesia Collins SYNOPSIS AS INTRODUCED:
| | | Amends the Property Tax Code. Provides that, for tax sales occurring on or after January 1, 2027, a certificate of purchase shall not be issued sooner than 90 days after the conclusion of the tax sale. |
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| | A BILL FOR |
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| | SB2834 | | LRB104 17905 HLH 31341 b |
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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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 21-250 as follows:
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| 6 | | (35 ILCS 200/21-250) |
| 7 | | Sec. 21-250. Certificate of purchase. The county clerk |
| 8 | | shall make out and deliver to the purchaser of any property |
| 9 | | sold under Section 21-205, or to the county if the lien is |
| 10 | | acquired pursuant to Section 21-90 and a certificate is |
| 11 | | requested by the county or its agent, a tax certificate |
| 12 | | countersigned by the collector, describing the property sold, |
| 13 | | the date of sale, the amount of taxes, special assessments, |
| 14 | | interest and cost for which they were sold and that payment of |
| 15 | | the sale price has been made. Notwithstanding any other |
| 16 | | provision of law, for tax sales occurring on or after January |
| 17 | | 1, 2027, a certificate of purchase shall not be issued sooner |
| 18 | | than 90 days after the conclusion of the tax sale. If any |
| 19 | | person becomes the purchaser of more than one property owned |
| 20 | | by one party or person, the purchaser may have the whole or one |
| 21 | | or more of them included in one certificate, but separate |
| 22 | | certificates shall be issued in all other cases. A tax |
| 23 | | certificate shall be assignable by endorsement. An assignment |