95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0304


 
Introduced 2/7/2007, by Sen. Terry Link
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/21-160









    Amends the Property Tax Code concerning tax sales. In a Section concerning the  annual tax judgment, sale, redemption, and forfeiture record, provides that the record must be prepared on or before the day on
which application for judgment is to be made (now, at least 5 days before the day on
which application for judgment is to be made). Provides that certain formatting and maintenance requirements apply only to the final record. Effective immediately.
















LRB095 04771 BDD 24830 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0304

LRB095 04771 BDD 24830 b






1
    AN ACT concerning revenue.

 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:


 
4
    Section 5. The Property Tax Code is amended  by changing 
5
Section 21-160 as follows:
 



6
    (35 ILCS 200/21-160)



7
    Sec. 21-160. Annual tax judgment, sale, redemption, and 
8
forfeiture record. 
The collector shall transcribe into a 
9
record prepared for that purpose, and
known as the annual tax 
10
judgment, sale, redemption and forfeiture record, the
list of 
11
delinquent properties.  On or before the day on
which 
12
application for judgment is to be made, the
The record shall be 
13
made out in numerical order, and contain
all the information 
14
necessary to be recorded, at least 5 days before the day on

15
which application for judgment is to be made.

16
    The record shall set forth the name of the owner, if known; 
17
the description
of the property; the year or years for which 
18
the tax or, in counties with
3,000,000 or more inhabitants, the 
19
tax or special assessments is
due; the valuation on which the 
20
tax is extended; the amount of the
consolidated and other taxes 
21
or in counties with 3,000,000 or more inhabitants,
the 
22
consolidated and other taxes and special assessments; the 
23
costs; and the
total amount of charges against the property.

 


 






SB0304
- 2 -
LRB095 04771 BDD 24830 b




1
    The final record shall also be ruled in columns, to show in 
2
counties with 3,000,000
or more inhabitants the withdrawal of 
3
any special assessments from collection
and in all counties to 
4
show the amount paid before entry of judgment; the
amount of 
5
judgment and a column for remarks; the amount paid before sale 
6
and
after entry of judgment; the amount of the sale; amount of 
7
interest or penalty;
amount of cost; amount forfeited to the 
8
State; date of sale; acres or part
sold; name of purchaser; 
9
amount of sale and penalty; taxes of succeeding years;
interest 
10
and when paid, interest and cost; total amount of redemption; 
11
date of
redemption; when deed executed; by whom redeemed; and a 
12
column for remarks or
receipt of redemption money.

13
    The final record shall be kept in the office of the county 
14
clerk.

15
(Source: P.A. 88-455; 89-126, eff. 7-11-95.)

 

16
    Section 99. Effective date. This Act takes effect upon 
17
becoming law.