Bill Title: Amends the Property Tax Code. Exempts from the Code all property owned by an entity created by a county or by one or more municipalities by ordinance or intergovernmental agreement for the purpose of acquiring tax-delinquent, low-value, or other troubled property and returning it to productive use. Provides that when a government unit acquires property by acceptance of a donation, 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. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB2863 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-02-22	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2863

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2863 currently on file.