Illinois 2025-2026 Regular Session

Illinois House Bill HB1061 Compare Versions

Only one version of the bill is available at this time.

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1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1061 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED: 35 ILCS 200/21-355 Amends the Property Tax Code. Provides that redemption payments may be made by credit card. LRB104 03121 HLH 13142 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1061 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED: 35 ILCS 200/21-355 35 ILCS 200/21-355 Amends the Property Tax Code. Provides that redemption payments may be made by credit card. LRB104 03121 HLH 13142 b LRB104 03121 HLH 13142 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1061 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/21-355 35 ILCS 200/21-355
4	4	35 ILCS 200/21-355
5	5	Amends the Property Tax Code. Provides that redemption payments may be made by credit card.
6	6	LRB104 03121 HLH 13142 b LRB104 03121 HLH 13142 b
7	7	LRB104 03121 HLH 13142 b
8	8	A BILL FOR
9	9	HB1061LRB104 03121 HLH 13142 b HB1061 LRB104 03121 HLH 13142 b
10	10	HB1061 LRB104 03121 HLH 13142 b
11	11	1 AN ACT concerning revenue.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Property Tax Code is amended by changing
15	15	5 Section 21-355 as follows:
16	16	6 (35 ILCS 200/21-355)
17	17	7 Sec. 21-355. Amount of redemption. Any person desiring to
18	18	8 redeem shall deposit an amount specified in this Section with
19	19	9 the county clerk of the county in which the property is
20	20	10 situated, in legal money of the United States, by credit card
21	21	11 payment, or by cashier's check, certified check, post office
22	22	12 money order or money order issued by a financial institution
23	23	13 insured by an agency or instrumentality of the United States,
24	24	14 payable to the county clerk of the proper county. The deposit
25	25	15 shall be deemed timely only if actually received in person at
26	26	16 the county clerk's office prior to the close of business as
27	27	17 defined in Section 3-2007 of the Counties Code on or before the
28	28	18 expiration of the period of redemption or by United States
29	29	19 mail with a post office cancellation mark dated not less than
30	30	20 one day prior to the expiration of the period of redemption.
31	31	21 The deposit shall be in an amount equal to the total of the
32	32	22 following:
33	33	23 (a) the certificate amount, which shall include all
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1061 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/21-355 35 ILCS 200/21-355
39	39	35 ILCS 200/21-355
40	40	Amends the Property Tax Code. Provides that redemption payments may be made by credit card.
41	41	LRB104 03121 HLH 13142 b LRB104 03121 HLH 13142 b
42	42	LRB104 03121 HLH 13142 b
43	43	A BILL FOR
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49	49	35 ILCS 200/21-355
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68	68	1 tax principal, special assessments, interest and penalties
69	69	2 paid by the tax purchaser together with costs and fees of
70	70	3 sale and fees paid under Sections 21-295 and 21-315
71	71	4 through 21-335, except for the nonrefundable $80 fee paid,
72	72	5 pursuant to Section 21-295, for each item purchased at the
73	73	6 tax sale;
74	74	7 (b) the accrued penalty, computed through the date of
75	75	8 redemption as a percentage of the certificate amount, as
76	76	9 follows:
77	77	10 (1) if the redemption occurs on or before the
78	78	11 expiration of 6 months from the date of sale, the
79	79	12 certificate amount times the penalty bid at sale;
80	80	13 (2) if the redemption occurs after 6 months from
81	81	14 the date of sale, and on or before the expiration of 12
82	82	15 months from the date of sale, the certificate amount
83	83	16 times 2 times the penalty bid at sale;
84	84	17 (3) if the redemption occurs after 12 months from
85	85	18 the date of sale and on or before the expiration of 18
86	86	19 months from the date of sale, the certificate amount
87	87	20 times 3 times the penalty bid at sale;
88	88	21 (4) if the redemption occurs after 18 months from
89	89	22 the date of sale and on or before the expiration of 24
90	90	23 months from the date of sale, the certificate amount
91	91	24 times 4 times the penalty bid at sale;
92	92	25 (5) if the redemption occurs after 24 months from
93	93	26 the date of sale and on or before the expiration of 30
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104	104	1 months from the date of sale, the certificate amount
105	105	2 times 5 times the penalty bid at sale;
106	106	3 (6) if the redemption occurs after 30 months from
107	107	4 the date of sale and on or before the expiration of 36
108	108	5 months from the date of sale, the certificate amount
109	109	6 times 6 times the penalty bid at sale.
110	110	7 In the event that the property to be redeemed has been
111	111	8 purchased under Section 21-405 before January 1, 2024, the
112	112	9 penalty bid shall be 12% per penalty period as set forth in
113	113	10 subparagraphs (1) through (6) of this subsection (b). The
114	114	11 changes to this subdivision (b)(6) made by this amendatory
115	115	12 Act of the 91st General Assembly are not a new enactment,
116	116	13 but declaratory of existing law.
117	117	14 For counties with fewer than 3,000,000 inhabitants, if
118	118	15 the property to be redeemed is property with respect to
119	119	16 which a tax lien or certificate is acquired after January
120	120	17 1, 2024 by the county as trustee pursuant to Section
121	121	18 21-90, the penalty bid at sale shall accrue according to
122	122	19 the penalty periods established in subparagraphs (1)
123	123	20 through (6) of this subsection (b).
124	124	21 For counties with more than 3,000,000 inhabitants, if
125	125	22 the property to be redeemed is property with respect to
126	126	23 which a tax lien or certificate is acquired on or after
127	127	24 January 1, 2024 by the county as trustee pursuant to
128	128	25 Section 21-90, the penalty bid is 0.75% and shall accrue
129	129	26 monthly instead of according to the penalty periods
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140	140	1 established in subparagraphs (1) through (6) of this
141	141	2 subsection (b).
142	142	3 (c) The total of all taxes, special assessments,
143	143	4 accrued interest on those taxes and special assessments
144	144	5 and costs charged in connection with the payment of those
145	145	6 taxes or special assessments, except for the nonrefundable
146	146	7 $80 fee paid, pursuant to Section 21-295, for each item
147	147	8 purchased at the tax sale, which have been paid by the tax
148	148	9 certificate holder on or after the date those taxes or
149	149	10 special assessments became delinquent together with 12%
150	150	11 penalty on each amount so paid for each year or portion
151	151	12 thereof intervening between the date of that payment and
152	152	13 the date of redemption. In counties with less than
153	153	14 3,000,000 inhabitants, however, a tax certificate holder
154	154	15 may not pay all or part of an installment of a subsequent
155	155	16 tax or special assessment for any year, nor shall any
156	156	17 tender of such a payment be accepted, until after the
157	157	18 second or final installment of the subsequent tax or
158	158	19 special assessment has become delinquent or until after
159	159	20 the holder of the certificate of purchase has filed a
160	160	21 petition for a tax deed under Section 22.30. The person
161	161	22 redeeming shall also pay the amount of interest charged on
162	162	23 the subsequent tax or special assessment and paid as a
163	163	24 penalty by the tax certificate holder. This amendatory Act
164	164	25 of 1995 applies to tax years beginning with the 1995
165	165	26 taxes, payable in 1996, and thereafter.
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176	176	1 (d) Any amount paid to redeem a forfeiture occurring
177	177	2 before January 1, 2024 but after the tax sale together
178	178	3 with 12% penalty thereon for each year or portion thereof
179	179	4 intervening between the date of the forfeiture redemption
180	180	5 and the date of redemption from the sale.
181	181	6 (e) Any amount paid by the certificate holder for
182	182	7 redemption of a subsequently occurring tax sale, including
183	183	8 tax liens or certificates held by the county as trustee,
184	184	9 pursuant to Section 21-90.
185	185	10 (f) All fees paid to the county clerk under Section
186	186	11 22-5.
187	187	12 (g) All fees paid to the registrar of titles incident
188	188	13 to registering the tax certificate in compliance with the
189	189	14 Registered Titles (Torrens) Act.
190	190	15 (h) All fees paid to the circuit clerk and the
191	191	16 sheriff, a licensed or registered private detective, or
192	192	17 the coroner in connection with the filing of the petition
193	193	18 for tax deed and service of notices under Sections 22-15
194	194	19 through 22-30 and 22-40 in addition to (1) a fee of $35 if
195	195	20 a petition for tax deed has been filed, which fee shall be
196	196	21 posted to the tax judgement, sale, redemption, and
197	197	22 forfeiture record, to be paid to the purchaser or his or
198	198	23 her assignee; (2) a fee of $4 if a notice under Section
199	199	24 22-5 has been filed, which fee shall be posted to the tax
200	200	25 judgment, sale, redemption, and forfeiture record, to be
201	201	26 paid to the purchaser or his or her assignee; (3) all costs
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212	212	1 paid to record a lis pendens notice in connection with
213	213	2 filing a petition under this Code; and (4) if a petition
214	214	3 for tax deed has been filed, all fees up to $150 per
215	215	4 redemption paid to a registered or licensed title
216	216	5 insurance company or title insurance agent for a title
217	217	6 search to identify all owners, parties interested, and
218	218	7 occupants of the property, to be paid to the purchaser or
219	219	8 his or her assignee. The fees in (1) and (2) of this
220	220	9 paragraph (h) shall be exempt from the posting
221	221	10 requirements of Section 21-360. The costs incurred in
222	222	11 causing notices to be served by a licensed or registered
223	223	12 private detective under Section 22-15, may not exceed the
224	224	13 amount that the sheriff would be authorized by law to
225	225	14 charge if those notices had been served by the sheriff.
226	226	15 (i) All fees paid for publication of notice of the tax
227	227	16 sale in accordance with Section 22-20.
228	228	17 (j) All sums paid to any county, city, village or
229	229	18 incorporated town for reimbursement under Section 22-35.
230	230	19 (k) All costs and expenses of receivership under
231	231	20 Section 21-410, to the extent that these costs and
232	232	21 expenses exceed any income from the property in question,
233	233	22 if the costs and expenditures have been approved by the
234	234	23 court appointing the receiver and a certified copy of the
235	235	24 order or approval is filed and posted by the certificate
236	236	25 holder with the county clerk. Only actual costs expended
237	237	26 may be posted on the tax judgment, sale, redemption and
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