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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,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||||
5 | Sections 21-115 and 21-225 as follows:
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6 | (35 ILCS 200/21-115)
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7 | Sec. 21-115. Times of publication of notice. The | ||||||||||||||||||||||||||
8 | advertisement shall be
published once at least 30 10 days | ||||||||||||||||||||||||||
9 | before the day on which judgment is to be
applied for, and | ||||||||||||||||||||||||||
10 | shall contain a list of the delinquent properties upon which
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11 | the taxes or any part thereof remain due and unpaid, the names | ||||||||||||||||||||||||||
12 | of owners, if
known, the total amount due, and the year or | ||||||||||||||||||||||||||
13 | years for which they are due. In
counties of less than | ||||||||||||||||||||||||||
14 | 3,000,000 inhabitants, advertisement shall include notice
of | ||||||||||||||||||||||||||
15 | the registration requirement for persons bidding at the sale. | ||||||||||||||||||||||||||
16 | Properties
upon which taxes have been paid in full under | ||||||||||||||||||||||||||
17 | protest shall not be included in
the list.
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18 | The collector shall give notice that he or she will apply | ||||||||||||||||||||||||||
19 | to the circuit
court on a specified day for judgment against | ||||||||||||||||||||||||||
20 | the properties for the taxes, and
costs, and for an order to | ||||||||||||||||||||||||||
21 | sell the properties for the satisfaction of the
amount due.
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22 | The collector shall also give notice of a date within the | ||||||||||||||||||||||||||
23 | next 5 business
days after the date of application on which all |
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1 | the properties for the sale of
which an order is made will be | ||||||
2 | exposed to public sale at a location within the
county | ||||||
3 | designated by the county collector, for the amount of taxes, | ||||||
4 | and cost
due. The advertisement published according to the | ||||||
5 | provisions of this Section
shall be deemed to be sufficient | ||||||
6 | notice of the intended application for
judgment and of the sale | ||||||
7 | of properties under the order of the court.
Notwithstanding the | ||||||
8 | provisions of this Section and Section 21-110, in the 10
years | ||||||
9 | following the completion of a general reassessment of property | ||||||
10 | in any
county with 3,000,000 or more inhabitants, made under an | ||||||
11 | order of the
Department, the publication shall be made not | ||||||
12 | sooner than 10 days nor more
than 90 days after the date when | ||||||
13 | all unpaid taxes on property have become
delinquent.
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14 | (Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-426, eff. | ||||||
15 | 6-1-96;
89-626, eff. 8-9-96.)
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16 | (35 ILCS 200/21-225)
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17 | Sec. 21-225. Forfeited property. Every property offered at | ||||||
18 | public sale, and
not sold for want of bidders, unless it is | ||||||
19 | released from sale by the withdrawal
from collection of a | ||||||
20 | special assessment levied thereon, shall be forfeited to
the | ||||||
21 | State of Illinois. However, when the court, county clerk and | ||||||
22 | county
treasurer certify that the taxes and special assessments | ||||||
23 | not withdrawn from
collection on forfeited property equal or | ||||||
24 | exceed the actual value of the
property, the county collector | ||||||
25 | shall, on the receipt of such certificate, offer
the property |
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1 | for sale to the highest bidder, after first giving 30 10 days'
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2 | notice, in the manner described in Sections 21-110 and 21-115, | ||||||
3 | of the time
and place of sale, together with a description of | ||||||
4 | the property to be offered. A
certificate of purchase shall be | ||||||
5 | issued to the purchaser at the sale as in
other cases provided | ||||||
6 | in this Code. The county collector shall receive credit in
the | ||||||
7 | settlement with the taxing bodies for which the tax was levied | ||||||
8 | for the
amount not realized by the sale. The amount received | ||||||
9 | from the sale shall be
paid by the collector, pro rata, to the | ||||||
10 | taxing bodies entitled to it.
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11 | (Source: Laws 1965, p. 631; P.A. 88-455.)
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12 | Section 99. Effective date. This Act takes effect upon | ||||||
13 | becoming law.
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