State of Illinois
92nd General Assembly

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 1        AN ACT concerning taxes.

 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 21-270 as follows:

 6        (35 ILCS 200/21-270)
 7        Sec. 21-270.  Scavenger  sale  registration.  No  person,
 8    except  a  unit of local government, shall be eligible to bid
 9    or to receive a certificate of purchase who did not  register
10    with the county collector at least 5 business days in advance
11    of  the  first  day  of  the  sale  under Section 21-260. The
12    collector may charge, for each registration,  a  fee  of  not
13    more  than  $125  $50  in  counties  with less than 3,000,000
14    inhabitants and not  more  than  $250  $100  in  counties  of
15    3,000,000  or  more  inhabitants.  Registration shall be made
16    upon such forms and according  to  such  regulations  as  the
17    county  collector deems necessary in order to effect complete
18    and accurate  disclosure  of  the  identity  of  all  persons
19    beneficially interested, directly or indirectly, in each sale
20    under  Section  21-260. The information to be disclosed shall
21    include, but  not  be  limited  to,  the  name,  address  and
22    telephone  number  of  the  purchaser  to  whom the clerk and
23    collector  will  be  requested  to  issue  a  certificate  of
24    purchase; if the purchaser is a  corporation,  the  place  of
25    incorporation and the names and addresses of its shareholders
26    unless  the corporation is publicly held; if the purchaser is
27    a partnership, the names and addresses  of  all  general  and
28    limited partners; if the purchaser is doing business under an
29    assumed   business  name,  the  county  where  such  name  is
30    registered and the names, addresses and telephone numbers  of
31    all persons having an ownership interest in the business; and
                            -2-               LRB9210098SMdvA
 1    the  identity  and  location  of  any  other  tax  delinquent
 2    property owned by the bidder and purchaser.
 3          Every  application for certificate of purchase and form
 4    for registration authorized and required by this Section  and
 5    Section  21-275 shall be executed under penalty of perjury as
 6    though under oath or affirmation, but no  acknowledgement  is
 7    required.
 8    (Source: P.A. 86-949; 87-669; 88-455.)

 9        Section  99.   Effective  date.  This Act takes effect on
10    January 1, 2003.

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