Task force would study Illinois foreclosures over unpaid property taxes

The task force would study tax foreclosures and report its findings and recommendations to state lawmakers. The review would cover homes and commercial properties, including notices to owners and who may keep extra money from property sales. The report would be due December 30, 2025. The task force would dissolve when it submits its report, and the section authorizing it would be repealed January 1, 2026.

Task force members would be exempt from state training, disclosure, and filing requirements. The exemption would apply only in their role as task force members. The exemption would cover state ethics laws and any other state law or rule imposing those requirements. The exemption would take effect if the bill becomes law.