Full Text of SB0558 94th General Assembly
SB0558eng 94TH GENERAL ASSEMBLY
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SB0558 Engrossed |
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LRB094 09595 BDD 39848 b |
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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 | 5 |
| Section 21-90 as follows:
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| (35 ILCS 200/21-90)
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| Sec. 21-90. Purchase and sale by county;
distribution of | 8 |
| proceeds. When any
property is delinquent , or is forfeited for | 9 |
| any reason or when a tax sale of any property has been declared | 10 |
| to be in error under Sections 21-310(b)(2), 21-310(b)(4), or | 11 |
| 22-35
each of 2 or more
years, and the property is
offered for | 12 |
| or is subject to sale under any of the provisions of this Code, | 13 |
| the County Board of
the County in which the property is | 14 |
| located,
in its discretion, may bid, or, in
the case of | 15 |
| forfeited property and any property as to which a previous tax | 16 |
| sale has been declared to be in error under Sections | 17 |
| 21-31(b)(2), 21-310(b)(4), or 22-35 , may apply to purchase it, | 18 |
| in the name of the
County as trustee for all taxing districts | 19 |
| having an
interest in the property's
taxes or special | 20 |
| assessments for the nonpayment of which the property is sold.
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| The presiding officer of the county board, with the advice and | 22 |
| consent of the
Board, may appoint on its behalf
some officer or | 23 |
| person to attend such sales
and bid or, in the case of | 24 |
| forfeited property and any property as to which a previous tax | 25 |
| sale has been declared to be in error under Sections | 26 |
| 21-310(b)(4), 21-310(b)(4), or 22-35 , to apply to the county | 27 |
| clerk to
purchase. If the County Board applies to purchase any | 28 |
| property that has been forfeited for any reason or any property | 29 |
| as to which a previous tax sale has been declared to be in | 30 |
| error under Sections 21-310(b)(2), 21-310(b)(4), or 22-35, no | 31 |
| published or mailed notice is required prior to such purchase | 32 |
| and the interest rate applicable upon redemption is equal to |
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SB0558 Engrossed |
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LRB094 09595 BDD 39848 b |
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| the maximum penalty rate allowed by Section 21-215. The County | 2 |
| shall apply on the bid or purchase
the unpaid taxes and
special | 3 |
| assessments due upon the property. No cash need be paid. The | 4 |
| County
shall take all steps necessary to acquire title to the | 5 |
| property and may manage
and operate the property. When a | 6 |
| county, or other taxing district within the
county, is a | 7 |
| petitioner for a tax deed, no filing fee shall be required.
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| When a county or other taxing district within the county is the | 9 |
| petitioner
for a tax deed, one petition may be filed including | 10 |
| all parcels that are tax
delinquent within the county or taxing | 11 |
| district, and any publication made under
Section 22-20 of this | 12 |
| Code may combine all such parcels within a single notice.
The | 13 |
| notice shall list the street or common address, if known, of | 14 |
| the
parcels for informational purposes.
The
county, as tax | 15 |
| creditor and as trustee for other tax creditors, or other | 16 |
| taxing
district within the county, shall not be required to | 17 |
| allege and prove that all
taxes and special assessments which | 18 |
| become due and payable after the sale to
the county have been | 19 |
| paid nor shall the county be
required to pay the
subsequently | 20 |
| accruing taxes or special assessments at any time. The county
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| board or its designee may prohibit the county collector from | 22 |
| including the
property in the tax sale of one or more | 23 |
| subsequent years. The lien of taxes and
special assessments | 24 |
| which become due and payable after a sale to a county
shall
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| merge in the fee title of the county, or other taxing district | 26 |
| within the
county, on the issuance of a deed.
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| The County may sell or assign the property so
acquired, or | 28 |
| the certificate of
purchase to it, to any party, including
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| taxing districts. The proceeds of that sale or
assignment, less | 30 |
| all costs
of the county incurred in the acquisition and sale or
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| assignment of the
property, shall be
distributed to the taxing | 32 |
| districts in proportion to their respective interests
therein.
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| Under Sections 21-110, 21-115, 21-120 and 21-405, a County | 34 |
| may bid or
purchase only in the absence of other bidders.
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| (Source: P.A. 88-455; 88-535; 89-412, eff. 11-17-95.)
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