093_HB3601

 
                                     LRB093 03783 SJM 03818 b

 1        AN ACT regarding taxes.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The Property Tax Code is amended by changing
 5    Section 21-265 as follows:

 6        (35 ILCS 200/21-265)
 7        Sec. 21-265.  Scavenger sale; persons ineligible  to  bid
 8    or purchase.
 9        (a)  No  person, except a unit of local government, shall
10    be eligible to bid or receive a certificate  of  purchase  at
11    any   sale  under  Section  21-260  unless  that  person  has
12    completed and delivered to the county clerk a true,  accurate
13    and  complete  application  for certificate of purchase which
14    shall affirm that:
15             (1)  the person has  not  bid  upon  or  applied  to
16        purchase any property at the sale for a person who is the
17        party  or  agent of the party who owns the property or is
18        responsible for the payment of the delinquent taxes;
19             (2)  the person is not, nor is he or she  the  agent
20        for,  the  owner  or party responsible for payment of the
21        general taxes on any property which  is  located  in  the
22        same  county  in  which the sale is held and which is tax
23        delinquent or forfeited for all or any part of each of  2
24        or more years, excepting any year for which a certificate
25        of  error issued under Sections 14-15, 14-20 and 14-25 is
26        pending for adjudication; and
27             (3)  the person, although otherwise eligible to bid,
28        has not either directly or through an agent twice  during
29        any  previous  sale in the last 3 calendar years the same
30        sale failed to  complete  a  purchase  by  the  immediate
31        payment  of the minimum bid or the payment of the balance
 
                            -2-      LRB093 03783 SJM 03818 b
 1        of a bid within the time provided by Section 21-260.
 2    (Source: P.A. 86-949; 87-669; 88-455.)

 3        Section 99.  Effective date.  This Act takes effect  upon
 4    becoming law.