35 ILCS 200/21-215

Current through Public Act 103-1052

Section 35 ILCS 200/21-215 - Penalty bids

The person at the sale offering to pay the amount due on each property for the least penalty percentage shall be the purchaser of that property. No bid shall be accepted for a penalty exceeding 9% of the amount of the tax or special assessment on property.

35 ILCS 200/21-215

P.A. 86-1431; 86-1480; 88-455.

Amended by P.A. 102-0363,§ 5, eff. 1/1/2022.