HB5372

Illinois HB5372 amends the Property Tax Code to delay the issuance of a certificate of purchase for tax sales by 90 days.

Illinois HB5372 amends the Property Tax Code by changing Section 21-250. It mandates that for tax sales occurring on or after January 1, 2027, a certificate of purchase cannot be issued sooner than 90 days after the conclusion of the tax sale. This certificate, countersigned by the collector, details the property sold, the sale date, and the amount of taxes, special assessments, interest, and costs for which the property was sold. The bill also outlines procedures for issuing duplicate certificates if the original is lost or destroyed.