Bill Text: IL SB1795 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: Amends the Property Tax Code. In a Section concerning tax abatements after acquisition by a governmental unit, provides that the abatement applies to property acquired by a governmental unit under a blight reduction or abandoned property program administered by the Illinois Housing Development Authority. Effective immediately.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2017-08-24 - Public Act . . . . . . . . . 100-0314 [SB1795 Detail]
Download: Illinois-2017-SB1795-Chaptered.html
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| Public Act 100-0314 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 21-95 as follows:
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(35 ILCS 200/21-95) | ||||
Sec. 21-95. Tax abatement after acquisition by a | ||||
governmental unit. When
any county, municipality, school | ||||
district, or park district acquires property through the | ||||
foreclosure of a
lien, through
a
judicial deed, through the
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foreclosure of receivership
certificate lien, or by acceptance | ||||
of a deed of conveyance in lieu of
foreclosing any lien against | ||||
the
property, or when a government unit acquires property under | ||||
the Abandoned
Housing Rehabilitation Act or a blight reduction | ||||
or abandoned property program administered by the Illinois | ||||
Housing Development Authority, or when any county or other | ||||
taxing district
acquires a deed for property under Section | ||||
21-90 or Sections 21-145 and 21-260,
or when any county, | ||||
municipality, school district, or park district acquires title | ||||
to property that was to be transferred to that county, | ||||
municipality, school district, or park district under the terms | ||||
of an annexation agreement, development agreement, donation | ||||
agreement, plat of subdivision, or zoning ordinance by an | ||||
entity that has been dissolved or is being dissolved or has | ||
been in bankruptcy proceedings or is in bankruptcy proceedings, | ||
all due or unpaid property taxes and existing liens for unpaid | ||
property taxes
imposed or pending under any law or ordinance of | ||
this State or any of its
political subdivisions shall become | ||
null and void. | ||
(Source: P.A. 96-1142, eff. 7-21-10.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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