<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3940</title>
<shortdesc>PROP TX-TAX SALE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Celina Villanueva</sponsors>
</sponsor>
<lastaction>
<statusdate>2/24/2026</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/1-21 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/1-22 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-90</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-110</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-115</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-160</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-190</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-205</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-215</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-225</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-302 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-305</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-350</reference><aliasreference></aliasreference><reference>35 ILCS 200/22-5</reference><aliasreference></aliasreference><reference>35 ILCS 200/22-10</reference><aliasreference></aliasreference><reference>35 ILCS 200/22-40</reference><aliasreference></aliasreference><reference>35 ILCS 200/22-42 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/22-65</reference><aliasreference></aliasreference><reference>765 ILCS 940/5</reference><aliasreference></aliasreference><reference>765 ILCS 940/30</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity which was lost in the property through an award of indemnity. Provides that, in counties with 3,000,000 or more inhabitants, the period of redemption is 3 years from the date of sale.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2026</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Celina Villanueva</action>
<statusdate>2/6/2026</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/6/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/24/2026</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/13/2026</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2026</action>
</actions>
</xml>
