SB 2190 — PROP TAX-TAX SALES

*LRB09316376SJM42014b*SB2190 93RDEngrossed GENERALLRB093 ASSEMBLY16376 StateSJM of42014 Illinoisb andAN 2004ACT SB2190concerning Introducedtaxes. 1/14/2004, by Denny Jacobs SYNOPSIS AS INTRODUCED:

ILCS 200/21-355 ILCS 200/22-15 Amends the Property Tax Code.

Provides that the penalty that must be paid to redeem property sold at a tax sale includes (i) a fee of $75 in all counties other than Cook County (now, $35 in all counties) if a petition for tax deed has been filed;

(ii) a fee of $10 in all counties other than Cook County (now, $4 in all counties) if a notice of sale and redemption rights has been filed;

and (iii) in all counties except Cook County, up to $75 paid for costs of title search and to identify and locate owners and interested parties to the subject real estate, but only if a copy of the results of the title search is provided upon request.

Provides that the notice of expiration of the period of redemption that is required to be given by the purchaser or his or her assignee for property that is sold at a tax sale may be given, in any county except Cook County, by causing the notice to be served by a process server (now, only a sheriff may serve notice in all counties).

LRB093 16376 SJM 42014 b FISCAL NOTE ACT MAY APPLY A BILL FOR SB2190 LRB093 16376 SJM 42014 b AN ACT concerning taxes.

SB2190 Engrossed - 2 - LRB093 16376 SJM 42014 b (2) if the redemption occurs after 6 months from the date of sale, and on or before the expiration of 12 months from the date of sale, the certificate amount times 2 times the penalty bid at sale;

In counties with less than SB2190 Engrossed - 3 - LRB093 16376 SJM 42014 b 3,000,000 inhabitants, however, a tax certificate holder may not pay all or part of an installment of a subsequent tax or special assessment for any year, nor shall any tender of such a payment be accepted, until after the second or final installment of the subsequent tax or special assessment has become delinquent or until after the holder of the certificate of purchase has filed a petition for a tax deed under Section 22.30.

(2) a fee of $4 in Cook County and $10 in all other counties if a notice under Section 22-5 has been filed, which fee shall be posted to the tax judgment, sale, redemption, and SB2190 Engrossed - 4 - LRB093 16376 SJM 42014 b forfeiture record, to be paid to the purchaser or his or her assignee;

In addition, the notice shall be served (i) in all counties except Cook County, by a process server, as provided in Section 2-202 of the Code of Civil Procedure, or (ii) in all counties, by a sheriff (or if he or she is disqualified, by a coroner) of the county in which the property, or any part thereof, is located upon owners who SB2190 Engrossed - 5 - LRB093 16376 SJM 42014 b reside on any part of the property sold by leaving a copy of the notice with those owners personally.

(b) as to public and private corporations, municipal, governmental and quasi-municipal corporations, partnerships, receivers and trustees of corporations, by leaving a copy of the notice with the person designated by SB2190 Engrossed - 6 - LRB093 16376 SJM 42014 b the Civil Practice Law.