IL SB3940 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on February 6 2026 - 25% progression
Action: 2026-06-01 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2026 - 25% progression
Action: 2026-06-01 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity which was lost in the property through an award of indemnity. Provides that, in counties with 3,000,000 or more inhabitants, the period of redemption is 3 years from the date of sale.
Title
PROP TX-TAX SALE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-06-01 | Senate | Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments |
| 2026-06-01 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2026-06-01 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2026-05-22 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2026 |
| 2026-05-20 | Senate | Senate Committee Amendment No. 2 Assignments Refers to Revenue |
| 2026-05-20 | Senate | Senate Committee Amendment No. 2 Referred to Assignments |
| 2026-05-20 | Senate | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Celina Villanueva |
| 2026-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 |
| 2026-05-06 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2026-05-05 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2026-05-05 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva |
| 2026-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |
| 2026-04-14 | Senate | Added as Co-Sponsor Sen. Graciela Guzmán |
| 2026-03-13 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 2026-02-24 | Senate | Assigned to Revenue |
| 2026-02-06 | Senate | Referred to Assignments |
| 2026-02-06 | Senate | First Reading |
| 2026-02-06 | Senate | Filed with Secretary by Sen. Celina Villanueva |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 1-21 | New Code | See Bill Text |
| 35 | 200 | 1-22 | New Code | See Bill Text |
| 35 | 200 | 21-110 | Amended Code | Citation Text |
| 35 | 200 | 21-115 | Amended Code | Citation Text |
| 35 | 200 | 21-160 | Amended Code | Citation Text |
| 35 | 200 | 21-190 | Amended Code | Citation Text |
| 35 | 200 | 21-205 | Amended Code | Citation Text |
| 35 | 200 | 21-215 | Amended Code | Citation Text |
| 35 | 200 | 21-225 | Amended Code | Citation Text |
| 35 | 200 | 21-302 | New Code | See Bill Text |
| 35 | 200 | 21-305 | Amended Code | Citation Text |
| 35 | 200 | 21-350 | Amended Code | Citation Text |
| 35 | 200 | 21-90 | Amended Code | Citation Text |
| 35 | 200 | 22-10 | Amended Code | Citation Text |
| 35 | 200 | 22-40 | Amended Code | Citation Text |
| 35 | 200 | 22-42 | New Code | See Bill Text |
| 35 | 200 | 22-5 | Amended Code | Citation Text |
| 35 | 200 | 22-65 | Amended Code | Citation Text |
| 765 | 940 | 30 | Amended Code | Citation Text |
| 765 | 940 | 5 | Amended Code | Citation Text |
