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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||||
5 | Section 21-240 and by adding Section 21-243 as follows:
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6 | (35 ILCS 200/21-240)
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7 | Sec. 21-240. Payment for property purchased at tax sale; | ||||||||||||||||||||||||||
8 | reoffering for
sale. Except as otherwise provided below, the | ||||||||||||||||||||||||||
9 | person purchasing any property,
or any part thereof, shall be | ||||||||||||||||||||||||||
10 | liable to the county for the amount due and shall
forthwith pay | ||||||||||||||||||||||||||
11 | to the county collector the amount charged on the property. | ||||||||||||||||||||||||||
12 | Upon
failure to do so, the amount due shall be recoverable in a | ||||||||||||||||||||||||||
13 | civil action brought
in the name of the People of the State of | ||||||||||||||||||||||||||
14 | Illinois in any court of competent
jurisdiction. The person so | ||||||||||||||||||||||||||
15 | purchasing shall be relieved of liability only by
payment of | ||||||||||||||||||||||||||
16 | the amount due together with interest and costs thereon, or if | ||||||||||||||||||||||||||
17 | the
property is reoffered at the sale, purchased and paid for. | ||||||||||||||||||||||||||
18 | Except as provided under Section 21-243, the reoffering | ||||||||||||||||||||||||||
19 | Reoffering of the
property for sale shall be at the discretion | ||||||||||||||||||||||||||
20 | of the collector. The sale shall
not be closed until payment is | ||||||||||||||||||||||||||
21 | made or the property again offered for sale. In
counties with | ||||||||||||||||||||||||||
22 | 3,000,000 or more inhabitants, only the taxes, special
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23 | assessments, interest and costs as advertised in the sale shall |
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1 | be required to
be paid forthwith. The general taxes charged on | ||||||
2 | the land remaining due and
unpaid, including amounts subject to | ||||||
3 | certificates of error, not included in the
advertisement, shall | ||||||
4 | be paid by the purchaser within 10 days after the sale,
except | ||||||
5 | that upon payment of the fee provided by law to the County | ||||||
6 | Clerk (which
fee shall be deemed part of the costs of sale) the | ||||||
7 | purchaser may make written
application, within the 10 day | ||||||
8 | period, to the county clerk for a statement of
all taxes, | ||||||
9 | interest and costs due and an estimate of the cost of | ||||||
10 | redemption of
all forfeited general taxes, which were not | ||||||
11 | included in the advertisement.
After obtaining such statement | ||||||
12 | and estimate and an order on the county
collector to receive | ||||||
13 | the amount of forfeited general taxes, if any, the
purchaser | ||||||
14 | shall pay to the county collector all the remaining taxes, | ||||||
15 | interest
and costs, and the amount necessary to redeem the | ||||||
16 | forfeited general taxes. The
county collector shall issue the | ||||||
17 | purchaser a receipt therefor. Any delay in
providing the | ||||||
18 | statement or in accepting payment, and delivering receipt
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19 | therefor, shall not be counted as a part of the 10 days. When | ||||||
20 | the receipt of
the collector is issued, a copy shall be filed | ||||||
21 | with the county clerk and the
county clerk shall include the | ||||||
22 | amount shown in such receipt in the amount of
the purchase | ||||||
23 | price of the property in the certificate of purchase. The
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24 | purchaser then shall be entitled to a certificate of purchase. | ||||||
25 | If a purchaser
fails to complete his or her purchase as | ||||||
26 | provided in this Section, the purchase
shall become void, and |
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1 | be of no effect, but the collector shall not refund the
amount | ||||||
2 | paid in cash at the time of the sale, except in cases of sale in | ||||||
3 | error.
That amount shall be treated as a payment and | ||||||
4 | distributed to the taxing bodies
as other collections are | ||||||
5 | distributed. The lien for taxes for the amount paid
shall | ||||||
6 | remain on the property, in favor of the purchaser, his or her | ||||||
7 | heirs or
assigns, until paid with 5% interest per year on that | ||||||
8 | amount from the date the
purchaser paid it. The amount and fact | ||||||
9 | of such ineffective purchase shall be
entered in the tax | ||||||
10 | judgment, sale, redemption and forfeiture record opposite
the | ||||||
11 | property upon which the lien remains. No redemption shall be | ||||||
12 | made without
payment of this amount for the benefit of the | ||||||
13 | purchaser, and no future sale of
the property shall be made | ||||||
14 | except subject to the lien of such purchaser. This
section | ||||||
15 | shall not apply to any purchase by any city, village or | ||||||
16 | incorporated
town in default of other bidders at any sale for | ||||||
17 | delinquent special
assessments.
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18 | (Source: P.A. 84-1308; 88-455.)
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19 | (35 ILCS 200/21-243 new)
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20 | Sec. 21-243. Reoffering property purchased in error. If | ||||||
21 | property is purchased in error and the purchaser notifies the | ||||||
22 | collector of the error before the end of the auction, then the | ||||||
23 | collector shall reoffer that property for sale before the end | ||||||
24 | of the auction.
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25 | Section 99. Effective date. This Act takes effect upon |
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1 | becoming law.
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