Illinois Senate Bill 3452 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 18 2022 - 25% progression, died in committee
Action: 2022-01-18 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, with the exception of a county or taxing district acquiring tax certificates to property, all purchasers or assignees of a property at a tax sale shall pay the clerk postage plus the sum of $10 (currently, the purchaser or assignee). Provides that, not less than one month (currently, 3 months) nor more than 6 months prior to the expiration of the period of redemption, the purchaser or his or her assignee shall prepare and deliver to the clerk of the Circuit Court of the county in which the property is located the required notice, together with the statutory costs for mailing the notice by certified mail, return receipt requested. Provides that, notwithstanding any provision to the contrary, all properties owned and held for future development by specified entities are exempt from property taxes. Provides requirements to claim the exemption. Specifies the County of Cook d/b/a Cook County Land Bank as an entity exempt from property taxes. Provides that, if property is owned and held by a specified entity, then the entity is excluded from needing to file an application with the county board of review or board of appeals. Provides that the decision of the board of review is final with regard to exemptions to the specified entities. Effective immediately.

PROP TX-LAND BANK EXEMPTION

Sen. Steve Stadelman [D]

Date	Chamber	Action
2022-01-18	Senate	Referred to Assignments
2022-01-18	Senate	First Reading
2022-01-18	Senate	Filed with Secretary by Sen. Steve Stadelman

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-5	Amended Code	Citation Text
35	200	16-70	Amended Code	Citation Text
35	200	22-25	Amended Code	Citation Text
35	200	22-5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3452&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB3452.htm