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Legislation · Illinois · 2025-2026 Regular Session

HB 4537: LOC GOV-CREDIT CARD AGREEMENTS

Summary

Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that, when the county, as trustee, files a petition for one or more delinquent tax liens or certificates, the county may request that the court issue a tax deed to the county without holding a judicial tax deed auction. Provides that the Order for Issuance of Tax Deed shall also include an order for the county to offer each parcel acquired by the county in this manner for sale at a public tax deed auction. Contains provisions concerning the public tax deed auction. Provides for the creation of a surplus equity fund and the imposition of a surplus equity fee. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity that was lost in the property through an award of indemnity. Contains other provisions. Amends the Mobile Home Local Services Tax Enforcement Act. Contains provisions concerning notice if a distressed property is at risk of loss for the non-payment of real estate taxes. Effective immediately.

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Jul 10, 2026

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