HB3421Introduced in the House
PROP TX-EQUITY FUND
Introduced by Sonya Harper, District 6
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Property Tax Code. Establishes an Equity Fund. Provides that moneys in the Equity Fund shall be expended exclusively for the purpose of paying the amount ordered for equity surplus payments to Illinois property owners who have lost their property by a recorded tax deed, except that, whenever the State Treasurer determines that any such moneys in the Equity Fund exceed the amount required for the purpose of paying equity surplus payments resulting from property ownership being divested by tax deed, the State Treasurer may transfer any such excess amounts from the Equity Fund to the General Revenue Fund. Provides for an irrevocable and continuing appropriation from Illinois tax lien purchasers for the purpose of paying equity surplus payments to the divested property upon the order of the State Treasurer and for the purpose of paying equity surplus to the divested property owner. In provisions concerning the indemnity fund, makes changes to the fees that are collected for tax sales in counties of 3,000,000 or more inhabitants. Sets forth an Equity Fund fee, calculation of the equity surplus, and an application process. Makes conforming and other changes. Amends the State Finance Act to make a conforming change.
Where it stands
House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
April 11, 2025
How did lawmakers vote?
HouseStage: House Tax Policy: Other Taxes Subcommitte Committee · March 20, 2025
3
Yes
2
No
0
Absent or Not Voting
5 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Curtis Tarver | 25 | Yes |
| Will Guzzardi | 39 | Yes |
| Daniel Didech | 59 | Yes |
| Joe Sosnowski | 69 | No |
| Travis Weaver | 93 | No |
Bill history
Filed with the Clerk by Rep. Sonya M. Harper
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Tax Policy: Other Taxes Subcommittee
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-002-000
Reported Back To Revenue & Finance Committee;
Do Pass / Short Debate Revenue & Finance Committee; 013-007-000
Placed on Calendar 2nd Reading - Short Debate
House Floor Amendment No. 1 Filed with Clerk by Rep. Sonya M. Harper
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Added Co-Sponsor Rep. Camille Y. Lilly
Rule 19(a) / Re-referred to Rules Committee
House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.