PROP TX-SURPLUS SALE
- Introduced Feb 6, 2025
- In committee Feb 18, 2025
- Passed the House Next
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Property Tax Code. Provides that, when the county, as trustee, files one petition for more than one delinquent tax lien or certificate, the county may request that the court issue a tax deed to the county, as trustee, without holding a judicial tax deed auction. Provides that the county shall offer the parcel for sale at a public auction within 120 days of recording the tax deed. Sets forth requirements…
Read the full title (162 words)
Amends the Property Tax Code. Provides that, when the county, as trustee, files one petition for more than one delinquent tax lien or certificate, the county may request that the court issue a tax deed to the county, as trustee, without holding a judicial tax deed auction. Provides that the county shall offer the parcel for sale at a public auction within 120 days of recording the tax deed. Sets forth requirements for the county auction. Provides that any owner of property sold under any provision of the Code who sustains loss or damage by reason of the issuance of a tax deed shall have the right to recover surplus equity that was lost in the property through an award of indemnity. Amends the Mortgage Rescue Fraud Act. Provides that a distressed property conveyance contract must contain a statement that the property owner may have the right to obtain money for any equity lost if a tax deed is issued. Effective immediately.
Every action
16 steps, oldest first, as the legislature records them.
Show the 8 earlier steps
- HouseFiled with the Clerk by Rep. Will Guzzardi
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
- HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
- HouseRemoved Co-Sponsor Rep. Kelly M. Cassidy
- HouseAdded Chief Co-Sponsor Rep. Kelly M. Cassidy
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Other Taxes Subcommittee · House Tax Policy: Other Taxes Subcommitte
- HouseAdded Co-Sponsor Rep. Laura Faver Dias
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
- HouseAdded Co-Sponsor Rep. Dagmara Avelar
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Other Taxes Subcommittee · House Tax Policy: Other Taxes Subcommitte
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 5 cosponsors: 5 Democrats.
-
Will GuzzardiD Primary sponsor · District 39
All 5 cosponsors
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.