illinois tax lien registry
play

Illinois Tax Lien Registry Steven Hayes, Program Administrator - PowerPoint PPT Presentation

Illinois Tax Lien Registry Steven Hayes, Program Administrator Illinois Department of Revenue Prior to Registry: File and release ~39,000 liens annually File and release liens in 102 Illinois counties Upfront yearly costs for


  1. Illinois Tax Lien Registry Steven Hayes, Program Administrator Illinois Department of Revenue

  2. Prior to Registry: • File and release ~39,000 liens annually • File and release liens in 102 Illinois counties • Upfront yearly costs for filing and releases - $600,000 • Yearly man hour costs for filing and releases - $100,000

  3. Statute Citation • 35 ILCS 750 State Tax Lien Registration Act (1/1/2018)

  4. What didn’t change? • Taxpayers continue to be afforded all of their rights to appeal a debt before it is liened • Liens continue to be filed toward the end of the statute period • Liens are identified by county

  5. How does the State benefit? • Estimate an additional $7 million each year in recoveries • Elimination of $600,000 in annual filing and release fees • Elimination of $100,000 in annual man hour costs related to liens

  6. How do taxpayers benefit? • No fees for lien filings or releases • Improve timeliness of lien releases

  7. How do researchers benefit? • All liens are recorded in one system instead of having to research individual counties • Registry is accessible and searchable from any location and on any device with internet access • Filings and releases are immediate • Ability to use multiple search criteria – including by county

  8. Searching Options • Lien Identification Number • Taxpayer Federal Employer Identification Number • Taxpayer Name • Taxpayer Address (Street, City, State, and/or Zip) • Last 4 of Social Security Number with Last Name • County of Lien Filing • Date(s) Filed or Released

  9. Printing Capabilities • Image of Lien • Image of Release • Search Results

  10. Questions?

Download Presentation
Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend


More recommend