HB0664 - Illinois: Business, Counties, Energy, Exemptions, Tax, Veterans

PROP TX-TAX SALES-REGISTRATION Amends the Property Tax Code. Provides that the registration for a tax sale in a county with less than 3,000,000 inhabitants must be accompanied by a deposit in an amount determined by the county collector, but not to exceed $250 in counties with less than 50,000 inhabitants or $500 in all other counties, which shall be applied to the amount due on the properties that the registrant has purchased, and, if the registrant does not participate in the sale, then the deposit is forfeited to the Tax Sale Automation Fund. Effective immediately. House Amendment No. 1 Further amends the Property Tax Code to provide that, if the registrant cannot participate in a tax sale, then he or she may notify the tax collector, no later than 5 business days prior to the sale, of the name of the substitute person who will participate in the sale in the registrant's place, and an additional deposit is not required for any such substitute person. Provides [...]

show full description