Bill Text: IL SB1795 | 2017-2018 | 100th General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Enrolled.html
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-Enrolled.html
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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Property Tax Code is amended by changing | ||||||
| 5 | Section 21-95 as follows:
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| 6 | (35 ILCS 200/21-95) | ||||||
| 7 | Sec. 21-95. Tax abatement after acquisition by a | ||||||
| 8 | governmental unit. When
any county, municipality, school | ||||||
| 9 | district, or park district acquires property through the | ||||||
| 10 | foreclosure of a
lien, through
a
judicial deed, through the
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| 11 | foreclosure of receivership
certificate lien, or by acceptance | ||||||
| 12 | of a deed of conveyance in lieu of
foreclosing any lien against | ||||||
| 13 | the
property, or when a government unit acquires property under | ||||||
| 14 | the Abandoned
Housing Rehabilitation Act or a blight reduction | ||||||
| 15 | or abandoned property program administered by the Illinois | ||||||
| 16 | Housing Development Authority, or when any county or other | ||||||
| 17 | taxing district
acquires a deed for property under Section | ||||||
| 18 | 21-90 or Sections 21-145 and 21-260,
or when any county, | ||||||
| 19 | municipality, school district, or park district acquires title | ||||||
| 20 | to property that was to be transferred to that county, | ||||||
| 21 | municipality, school district, or park district under the terms | ||||||
| 22 | of an annexation agreement, development agreement, donation | ||||||
| 23 | agreement, plat of subdivision, or zoning ordinance by an | ||||||
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| 1 | entity that has been dissolved or is being dissolved or has | ||||||
| 2 | been in bankruptcy proceedings or is in bankruptcy proceedings, | ||||||
| 3 | all due or unpaid property taxes and existing liens for unpaid | ||||||
| 4 | property taxes
imposed or pending under any law or ordinance of | ||||||
| 5 | this State or any of its
political subdivisions shall become | ||||||
| 6 | null and void. | ||||||
| 7 | (Source: P.A. 96-1142, eff. 7-21-10.)
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| 8 | Section 99. Effective date. This Act takes effect upon | ||||||
| 9 | becoming law.
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