Bill Status of SB 3396   103rd General Assembly

Short Description:  PROP TAX-EQUITY

Senate Sponsors
Sen. Celina Villanueva

Last Action  View All Actions

DateChamber Action
  1/7/2025SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/21-90
35 ILCS 200/21-295
35 ILCS 200/21-305
35 ILCS 200/21-306

Synopsis As Introduced
Amends the Property Tax Code. Provides that a property owner who sustains loss or damage by reason of the issuance of a tax deed is entitled to payment from the indemnity fund in the amount of the equity in the property described in the tax deed. Provides that a claim for equity must be filed within 90 days after the tax deed is recorded, except that, if the tax deed was issued on or after May 24, 2021 but before the effective date of the amendatory Act, then the petition for a claim for equity must be filed within 90 days after the effective date of the amendatory Act.

Actions 
DateChamber Action
  2/8/2024SenateFiled with Secretary by Sen. Celina Villanueva
  2/8/2024SenateFirst Reading
  2/8/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments
  1/7/2025SenateSession Sine Die

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