state_legiscan_drain · IL
REVENUE-TECH
December 17, 2024
Summary
If enacted, this bill would create a pilot program in counties with 3 million or more inhabitants (likely Cook County) allowing the county to acquire tax certificates on certain homestead properties at annual tax sales, limited to 200 properties or 50% of offerings. Owners would have a 365-day redemption period after the tax deed is recorded; if not redeemed, the property goes to a judicial tax deed auction. The bill also prohibits collusive bidding and amends notice and redemption period provisions for owner-occupied properties with 6 or fewer units, extending the redemption period to 3 years before a judicial sale.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=799&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Common questions
- What does "REVENUE-TECH" cover?
- If enacted, this bill would create a pilot program in counties with 3 million or more inhabitants (likely Cook County) allowing the county to acquire tax…
- When was it published?
- It was published on December 17, 2024.