In CommitteeFiled Feb 5, 2026
Sponsor: Willie Preston (D)
Latest Action
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
Summary
The bill changes Illinois’ property‑tax code so owners have up to five years to redeem a property after a tax sale, double the current period. It also gives the buyer of a tax deed the right to ask a circuit court to order a judicial sale of the property, and updates notice and surplus‑fund rules. The changes affect taxpayers, lienholders, mortgagees and tax‑deed purchasers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when SB 3494 changes status, plus AI-powered summaries and stage predictions.
Sign up free