SB2029 — PROP TX-SURPLUS SALE
Last action — Rule 3-9(a) / Re-referred to Assignments
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1Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced February 06, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Amends the Property Tax Code. Provides that, when the county, as trustee, files one petition for more than one delinquent tax lien or certificate, the county may request that the court issue a tax deed to the county, as trustee, without holding a judicial tax deed auction. Provides that the county shall offer the parcel for sale at a public auction within 120 days of recording the tax deed. Sets forth requirements for the county auction. Provides that any owner of property sold under any provision of the Code who sustains loss or damage by reason of the issuance of a tax deed shall have the right to recover surplus equity that was lost in the property through an award of indemnity. Amends the Mortgage Rescue Fraud Act. Provides that a distressed property conveyance contract must contain a statement that the property owner may have the right to obtain money for any equity lost if a tax deed is issued. Effective immediately.
Bill Text
We don't have the full text on file for this bill yet.
Read SB2029 on the official Illinois source →Action History
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Rule 3-9(a) / Re-referred to Assignments
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Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
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Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
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Rule 2-10 Committee Deadline Established As May 9, 2025
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Rule 2-10 Committee Deadline Established As April 11, 2025
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Added as Co-Sponsor Sen. Willie Preston
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Added as Co-Sponsor Sen. Graciela Guzmán
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Assigned to Revenue
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Celina Villanueva
Sponsors
- Celina Villanueva · Primary
- Graciela Guzmán · Cosponsor
- Willie Preston · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 2 co-sponsors · 180 not signed on
Sponsors (1)
- Celina Villanueva Democrat
Co-sponsors (2)
- Graciela Guzmán Democrat
- Willie Preston Democrat
Not signed on (180)
180 members have not signed on to this bill.
Show all 180 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB2029 do?
- Amends the Property Tax Code. Provides that, when the county, as trustee, files one petition for more than one delinquent tax lien or certificate, the county may request that the court issue a tax deed to the county, as trustee, without holding a judicial tax deed auction. Provides that the county shall offer the parcel for sale at a public auction within 120 days of recording the tax deed. Sets forth requirements for the county auction. Provides that any owner of property sold under any provision of the Code who sustains loss or damage by reason of the issuance of a tax deed shall have the right to recover surplus equity that was lost in the property through an award of indemnity. Amends the Mortgage Rescue Fraud Act. Provides that a distressed property conveyance contract must contain a statement that the property owner may have the right to obtain money for any equity lost if a tax deed is issued. Effective immediately.
- Who sponsors SB2029 ?
- SB2029 is sponsored by Celina Villanueva (Democrat), Graciela Guzmán (Democrat), and Willie Preston (Democrat).
- What is the current status of SB2029 ?
- This bill has been introduced in the Senate. Introduced February 06, 2025. It must pass committee before a floor vote.
- Where can I track SB2029 ?
- Track SB2029 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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