94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0557


 
Introduced 2/17/2005, by Sen. James F. Clayborne, Jr.
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/22-35









    Amends the Property Tax Code. Provides that if a city, village or
incorporated town has an interest under the police and welfare power by
advancements made from public funds in property sold at a tax sale, a
purchaser at the tax sale may make application for and the court shall order that the tax
purchase be set aside as a sale in error only if the city, village, or incorporated town records a lien arising from the advancement of public funds after the date of the tax sale. Effective immediately.
















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FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0557

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    AN ACT concerning revenue.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 22-35 as follows:
 



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    (35 ILCS 200/22-35)



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    Sec. 22-35. Reimbursement of municipality before issuance 
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of tax deed. 
Except in any proceeding in which the tax 
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purchaser is a county acting as a
trustee for
taxing districts 
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as provided in Section 21-90,
an order for the issuance of a 
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tax deed under this Code shall not be entered
affecting the 
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title to or interest in any property in which a city, village 
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or
incorporated town has an interest under the police and 
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welfare power by
advancements made from public funds, until the 
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purchaser or assignee makes
reimbursement to the city, village 
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or incorporated town of the money so
advanced or the city, 
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village, or town waives its lien on the property for
the money 
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so advanced.  However, in lieu of reimbursement or waiver, but 
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only if the city, village, or incorporated town records a lien 
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arising from the advancement of public funds after the date of 
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the tax sale, the
purchaser or
his or her
assignee may make 
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application for and the court shall order that the tax
purchase 
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be set aside as a sale in error.  A filing or appearance fee 
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shall not
be required of a city, village or incorporated town 
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seeking to enforce its
claim under this Section in a tax deed 
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proceeding.

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(Source: P.A. 93-490, eff. 8-8-03.)

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.