Bill Status of SB3494

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SB3494 - 104th General Assembly

PROP TX-FORCED SALE
Last Action
2/17/2026 - Senate: Assigned to Revenue
Statutes Amended In Order of Appearance
35 ILCS 200/21-350
35 ILCS 200/22-30
Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning tax sales, provides that, for tax sales that occur on or after the effective date of the amendatory Act, the redemption period shall be 5 years (instead of 2.5 years). Provides that a tax deed grantee may file a petition in the circuit court of the county in which the property is located forcing a judicial sale of the property. Contains provisions concerning the distribution of surplus funds. Effective immediately.
Actions
Date Chamber Action
2/05/2026 Senate Filed with Secretary by Sen. Willie Preston
2/05/2026 Senate First Reading
2/05/2026 Senate Referred to Assignments
2/17/2026 Senate Assigned to Revenue
3/04/2026 Senate Senate Committee Amendment No. 1 Filed with Secretary by Sen. Willie Preston
3/04/2026 Senate Senate Committee Amendment No. 1 Referred to Assignments
3/05/2026 Senate Senate Committee Amendment No. 1 Assignments Refers to Revenue
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026
4/16/2026 Senate Added as Chief Co-Sponsor Sen. Adriane Johnson
4/16/2026 Senate Added as Co-Sponsor Sen. Mark L. Walker
4/16/2026 Senate Added as Co-Sponsor Sen. Patrick J. Joyce
4/16/2026 Senate Added as Co-Sponsor Sen. Rachel Ventura
4/16/2026 Senate Added as Chief Co-Sponsor Sen. Javier L. Cervantes
4/16/2026 Senate Added as Chief Co-Sponsor Sen. Donald P. DeWitte
4/16/2026 Senate Added as Co-Sponsor Sen. Jil Tracy
4/17/2026 Senate Added as Co-Sponsor Sen. Chris Balkema
4/21/2026 Senate Added as Co-Sponsor Sen. Li Arellano, Jr.
4/24/2026 Senate Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026