Bill Text: IL SB1795 | 2017-2018 | 100th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB1795 Introduced 2/9/2017, by Sen. Steve Stadelman SYNOPSIS AS INTRODUCED:
35 ILCS 200/21-95
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.
LRB100 05858 HLH 21599 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Section 21-95 as follows:
(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
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

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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.)
Section 99. Effective date. This Act takes effect upon
becoming law.