104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB1440
 
Introduced 1/28/2025, by Rep. Kevin John Olickal
 
SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/22-65
    Amends the Property Tax Code. Provides that tax deeds issued to the county as trustee shall be recorded by the county and shall not require a municipal transfer stamp or be subject to any municipal real estate transfer taxes, requirements, or certifications prior to recording.


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A BILL FOR
 
HB1440LRB104 05733 HLH 15763 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing 
5Section 22-65 as follows:
 
6    (35 ILCS 200/22-65)
7    Sec. 22-65. Form of deed. A tax deed executed by the county 
8clerk under the official seal of the county shall be recorded 
9in the same manner as other conveyances of property, and vests 
10in the grantee, his or her heirs and assigns, the title of the 
11property therein described without further acknowledgment or 
12evidence of the conveyance. Tax deeds that are issued under 
13this Section to a county, as trustee pursuant to Section 
1421-90, shall be recorded by the county and shall not require a 
15municipal transfer stamp or be subject to any municipal real 
16estate transfer taxes, requirements, or certifications prior 
17to recording. The conveyance shall be substantially in the 
18following form:
19State of Illinois)

20                 ) ss.

21County of .......)
22    At a public sale of property for the nonpayment of taxes, 
23held in the county above stated, on (insert date), the 
 
 
HB1440- 2 -LRB104 05733 HLH 15763 b

1following described property was sold: (here place description 
2of property conveyed). The property not having been redeemed 
3from the sale, and it appearing that the holder of the 
4certificate of purchase of the property has complied with the 
5laws of the State of Illinois necessary to entitle (insert 
6him, her or them) to a deed of the property: I ...., county 
7clerk of the county of ...., in consideration of the property 
8and by virtue of the statutes of the State of Illinois in such 
9cases provided, grant and convey to ...., his or her heirs and 
10assigns forever, the property described above.
11    Dated (insert date).
12
Signature of .................. County Clerk
13
Seal of County of ...., Illinois
14(Source: P.A. 91-357, eff. 7-29-99.)