# Illinois HB3421: PROP TX-EQUITY FUND

Illinois HB3421, PROP TX-EQUITY FUND, is a 104th General Assembly (2025–2026) House bill sponsored by Sonya M. Harper (Democratic); status in committee, last action 2025-04-11 (House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB3421-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB3421
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PROP TX-EQUITY FUND
- Status: in committee
- Chamber: House
- Introduced: 2025-02-07
- Last action: 2025-04-11, House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
- Sponsor: Sonya M. Harper (Democratic)
- Cosponsors: 1
- Subjects: revenue & finance
- Touches household money: yes
- Roll calls: 2 (16 yes, 9 no in all)
- Economic provisions PRIA read: 0

## Summary

Amends the Property Tax Code. Establishes an Equity Fund. Provides that moneys in the Equity Fund shall be expended exclusively for the purpose of paying the amount ordered for equity surplus payments to Illinois property owners who have lost their property by a recorded tax deed, except that, whenever the State Treasurer determines that any such moneys in the Equity Fund exceed the amount required for the purpose of paying equity surplus payments resulting from property ownership being divested by tax deed, the State Treasurer may transfer any such excess amounts from the Equity Fund to the General Revenue Fund. Provides for an irrevocable and continuing appropriation from Illinois tax lien purchasers for the purpose of paying equity surplus payments to the divested property upon the order of the State Treasurer and for the purpose of paying equity surplus to the divested property owner. In provisions concerning the indemnity fund, makes changes to the fees that are collected for tax sales in counties of 3,000,000 or more inhabitants. Sets forth an Equity Fund fee, calculation of the equity surplus, and an application process. Makes conforming and other changes. Amends the State Finance Act to make a conforming change.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Sonya M. Harper (Democratic), House
- Cosponsor: Camille Y. Lilly (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-20 | House | Do Pass / Short Debate Revenue & Finance Committee; | pass | 13 | 7 |   |
| 2025-03-20 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; | pass | 3 | 2 |   |

## Actions (17)

- 2025-04-11: House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee (House)
- 2025-04-11: Rule 19(a) / Re-referred to Rules Committee (House)
- 2025-04-08: Added Co-Sponsor Rep. Camille Y. Lilly (House)
- 2025-03-26: Held on Calendar Order of Second Reading - Short Debate (House)
- 2025-03-26: Second Reading - Short Debate (House)
- 2025-03-25: House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee (House)
- 2025-03-24: House Floor Amendment No. 1 Referred to Rules Committee (House)
- 2025-03-24: House Floor Amendment No. 1 Filed with Clerk by Rep. Sonya M. Harper (House)
- 2025-03-20: Placed on Calendar 2nd Reading - Short Debate (House)
- 2025-03-20: Do Pass / Short Debate Revenue & Finance Committee; 013-007-000 (House)
- 2025-03-20: Reported Back To Revenue & Finance Committee; (House)
- 2025-03-20: Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-002-000 (House)
- 2025-03-13: To Tax Policy: Other Taxes Subcommittee (House)
- 2025-03-11: Assigned to Revenue & Finance Committee (House)
- 2025-02-18: Referred to Rules Committee (House)
- 2025-02-18: First Reading (House)
- 2025-02-07: Filed with the Clerk by Rep. Sonya M. Harper (House)

## Bill text

- House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3421ham001.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3421.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3421ham001.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3421.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
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Source: PRIA, https://policyrisk.com/state-bill/IL-HB3421-2025-2026 (as of 2026-11-01).