90th General Assembly
Status of SB1569
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PETERSON.

   35 ILCS 200/21-310                                                          
   35 ILCS 200/21-345                                                          

        Amends the Property Tax Code.  Provides that upon application  of      
   the  tax  purchaser or his or her assignee filed within one year after      
   the expiration of the period of redemption or any  extension  thereof,      
   the  court  shall  declare a sale in error (1) in certain instances of      
   voluntary or involuntary petitions filed within  one  year  after  the      
   expiration  of  the period of redemption or any extension thereof (now      
   prior to the issuance of a tax deed), (2) if the improvements upon the      
   property  sold  have  been   substantially   destroyed   or   rendered      
   uninhabitable  or  otherwise unfit for occupancy within one year after      
   the expiration of the period of redemption or  any  extension  thereof      
   (now  prior  to  the  issuance of a tax deed), (3) if the State had an      
   interest in the property during the period of redemption or within one      
   year after the expiration of the period of redemption or any extension      
   thereof, or (4) if a governmental or  municipal  corporation  acquired      
   title  or  an  interest  requiring  reimbursement during the period of      
   redemption or within one year after the expiration of  the  period  of      
   redemption or any extension thereof.  Provides that an application for      
   a  sale in error shall not be denied because the grounds or reason for      
   a sale in error might have been determined prior to the tax sale by  a      
   search of public records. Provides that a person redeeming property at      
   a  time  subsequent  to  the  filing of a petition for tax and special      
   assessment foreclosure proceedings or a petition for deed who does not      
   desire to contest the validity of the petition may redeem the property      
   at any time before the expiration of the period or extended period  of      
   redemption  without  filing  a redemption under protest.  Requires the      
   county clerk to enter the redemption on the record and distribute  the      
   redemption  money  to  the  holder of the certificate of purchase upon      
   surrender of the certificate. Provides  that  the  changes  concerning      
   redemptions are declaratory of existing law.  Effective immediately.        
   98-02-19  S  FIRST READING                                                  
   98-02-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-12  S  SESSION SINE DIE                                               

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 Full Text  Bill Summary