Illinois HB1878 mandates county recorders and registrars of titles to accept credit card payments for real estate transfer taxes, with taxpayers.
Illinois HB1878 amends the Counties Code to require county recorders and registrars of titles to accept credit card payments for real estate transfer taxes. The bill specifies that any service charges or fees related to processing these credit card payments must be paid by the taxpayer. This provision applies to the privilege of transferring title to real estate, beneficial interest, and controlling interest in real estate entities. The bill also outlines procedures for public notice and hearings before a county can impose or increase a real estate transfer tax.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.