35 ILCS 200/21-192: Pilot program report.
Where this section sits in the code
- CHAPTER 35 REVENUE
- Property Tax Code.
(a) A county that participates in the pilot program under Section 21-191 shall submit an annual report to the General Assembly and the Department of Revenue no later than the third Wednesday of February of each year in which there is information to report under subsection (b) from the immediately preceding calendar year.
(b) Each report shall include, at a minimum:
(1) the number of tax certificates acquired under the pilot program;
(2) the number of tax certificates offered to the private market at each annual tax sale covered by the pilot program;
(3) the number of pilot tax certificates acquired that were redeemed;
(4) the number of pilot tax certificates for which tax deeds were issued;
(5) the number of pilot tax certificates offered at tax deed auction;
(6) the amount of surplus proceeds returned to owners or other lawful claimants as result of pilot tax certificates for which tax deeds were issued;
(7) the amount remitted to taxing districts as a result of redemption payments on pilot tax certificates;
(8) the amount remitted to taxing districts as a result of tax deed auctions of pilot tax certificates;
(9) the administrative costs associated with the pilot program; and
(10) any additional information the county elects to provide.
(c) If, in any calendar year, there is no change in the information described in subsection (b), then the report for that calendar year shall indicate that there is no change. Once all of the issues described in subsection (b) have been resolved with respect to each pilot tax certificate, the county shall submit a final report to the General Assembly and the Department of Revenue summarizing the information described in subsection (b).
Collected 2026-09-15T04:46:20Z. Source file · JSON