92nd General Assembly
Status of SB0508
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SILVERSTEIN.

(BIGGINS-MOORE)

   35 ILCS 200/21-310                                                          
   35 ILCS 200/21-315                                                          
   35 ILCS 200/21-320                                                          
   35 ILCS 200/21-330                                                          
   35 ILCS 200/21-335                                                          
   35 ILCS 200/22-50                                                           

        Amends  the  Property  Tax  Code.   Provides  that  ownership  of      
   property by the State, a municipality, or a taxing district is grounds      
   for a declaration that a property foreclosure sale is a sale in error.      
   Provides that when a court refuses to issue the tax deed following the      
   sale of a property and the purchaser  made  a  bona  fide  attempt  to      
   comply with the statutory requirements for issuance of a tax deed, the      
   amount  refunded to the purchaser must include all costs posted to the      
   tax judgment, sale, redemption, and forfeiture record, as well as  all      
   other  taxes  paid  by  the purchaser after the tax sale.  Makes other      
   changes.                                                                    
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          35 ILCS 200/22-45                                                    
        Deletes everything.  Amends the Property Tax Code.  Provides that      
   the court shall declare a sale to be a sale in error if  the  lien  of      
   the  taxes  sold  becomes  null and void because a government unit has      
   acquired the property, if the  property  is  owned  by  the  State,  a      
   municipality,  or  a  taxing district, or if the purchaser made a bona      
   fide attempt to comply with statutory requirements but  failed  to  do      
   so.   In  certain  situations  when  the  court has declared a sale in      
   error, provides for the refund  of  costs  and  payment  of  interest.      
   Makes  changes  with respect to payments from the special fund for the      
   payment   of   interest.   Makes   changes   with   respect   to   the      
   incontestability of certain tax deeds. Provides that  certain  of  the      
   changes are declarative of existing law.                                    
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-28-2001  S                             AMENDMENT NO. 01-REVENUE       S    
   MAR-28-2001  S                                   ADOPTED                       
   MAR-29-2001  S       DO PASS AS AMENDED                  008-000-000   SREV    
   MAR-29-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-30              
   MAR-30-2001  S  SECOND READING                                                 
   MAR-30-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-02              
   APR-03-2001  S  THIRD READING - PASSED                   054-000-000           
   APR-03-2001  H  ARRIVE IN HOUSE                                                
   APR-03-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   APR-03-2001  H  HOUSE SPONSOR                            CURRIE                
   APR-04-2001  H  FIRST READING                                                  
   APR-04-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   APR-24-2001  H  ALTERNATE PRIMARY SPONSOR CHANGED TO     BIGGINS               
   APR-24-2001  H  ADDED AS A JOINT SPONSOR                 MOORE                 
   MAY-03-2001  H  DO PASS/SHORT DEBATE                     011-000-000   HREV    
   MAY-03-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAY-08-2001  H  SECOND READING-SHORT DEBATE                                    
   MAY-08-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAY-09-2001  H  THIRD READING/SHORT DEBATE/PASSED        115-000-000           
   MAY-09-2001  S  PASSED BOTH HOUSES                                             
   JUN-07-2001  S  SENT TO THE GOVERNOR                                           
   AUG-02-2001  S  GOVERNOR APPROVED                                              
   AUG-02-2001  S                            EFFECTIVE DATE 02-01-01              
   AUG-02-2001  S  PUBLIC ACT.............................. 92-0224               

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