SB 3396 Illinois Senate · 103rd Regular Session

PROP TAX-EQUITY

Summary
Amends the Property Tax Code. Provides that a property owner who sustains loss or damage by reason of the issuance of a tax deed is entitled to payment from the indemnity fund in the amount of the equity in the property described in the tax deed. Provides that a claim for equity must be filed within 90 days after the tax deed is recorded, except that, if the tax deed was issued on or after May 24, 2021 but before the effective date of the amendatory Act, then the petition for a claim for equity must be filed within 90 days after the effective date of the amendatory Act.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2024 Last action Mar 15, 2024
Floor votes

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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
3
Mar 15, 2024
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Feb 20, 2024
Committee
Assigned to Revenue
lower
Feb 8, 2024
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Celina Villanueva
Celina Villanueva
DDemocratic
IL
12