IllinoisHB3146104th General Assembly (2025–2026)House

PROP TX-SURPLUS SALE

Sponsored By: Will Guzzardi (Democratic)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Will Guzzardi

    Democratic • House

Cosponsors

  • Dagmara Avelar

    Democratic • House

  • Kelly M. Cassidy

    Democratic • House

  • Laura Faver Dias

    Democratic • House

  • Rita Mayfield

    Democratic • House

  • Stephanie A. Kifowit

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. To Tax Policy: Other Taxes Subcommittee

    3/19/2026House
  3. Assigned to Revenue & Finance Committee

    3/4/2026House
  4. Added Co-Sponsor Rep. Dagmara Avelar

    5/9/2025House
  5. Added Co-Sponsor Rep. Stephanie A. Kifowit

    4/21/2025House
  6. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  7. Added Co-Sponsor Rep. Laura Faver Dias

    3/11/2025House
  8. To Tax Policy: Other Taxes Subcommittee

    3/6/2025House
  9. Assigned to Revenue & Finance Committee

    3/4/2025House
  10. Added Chief Co-Sponsor Rep. Kelly M. Cassidy

    3/3/2025House
  11. Removed Co-Sponsor Rep. Kelly M. Cassidy

    2/28/2025House
  12. Added Co-Sponsor Rep. Kelly M. Cassidy

    2/28/2025House
  13. Added Chief Co-Sponsor Rep. Rita Mayfield

    2/26/2025House
  14. Referred to Rules Committee

    2/18/2025House
  15. First Reading

    2/18/2025House
  16. Filed with the Clerk by Rep. Will Guzzardi

    2/6/2025House

Bill Text

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