REVENUE-TECH

Session: 103rd General Assembly
Year: 2023
Bill #: HB0613
Category: Revenue
Position: No position
Mandate?
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Illinois Hydraulic Fracturing Tax Act. Makes a technical change in a Section concerning the short title.

Staff Analysis

Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that any owner who has an interest in the property on the date a tax deed petition is filed with the clerk of the circuit court may request an excess proceeds sale. Sets forth the form of the request for excess proceeds and the notice requirements for the excess proceeds sale. Provides for certain indemnity fund surcharges and fees. Makes other changes. Effective immediately.



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