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Code · Illinois · Chapter 35 — REVENUE · Act 516

Sec. 150. Penalty bids.

52 words·~1 min read·/il/chapter-35/act-516/150

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Sec. 150. Penalty bids. The person at the sale offering to pay the amount due on each mobile home for the least penalty percentage shall be the purchaser of that mobile home. No bid shall be accepted for a penalty exceeding 18% of the amount of the tax on a mobile home.
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